Luxury Daily – As consumers see less separation between in-store and online retail, luxury brands and retailers are expected to offer more consistent experiences across channels.
According to a new report from Boston Retail Partners, three-quarters of consumers tend to choose retailers who offer consistent promotions and pricing across channels. Many retailers continue to struggle in implementing unified commerce, however.
“We have been talking about the cross-channel experience for so long – and in fact, 87 percent of consumers want a personalized and consistent experience across all channels – that it is still surprising to see that many retailers are still struggling to offer consumers a consistent experience across channels,” said Kathleen Fischer, director of marketing at Boston Retail Partners, Boston. “Many retailers have pieced together disparate systems and processes to try and create a holistic shopping environment, but it really doesn’t provide what the customer is looking for.”
Although consumers have come to expect unified and holistic shopping experiences, only 5 percent of retailers can successfully give consumers the ability to “start a sale anywhere, finish the sale anywhere.”
Seventy-one percent of retailers plan to offer this capability within the next two years. To do so, retailers must support a single, shared shopping cart that is accessible from any channel where a consumer may be.
Currently, many retailers are offering “faux omnichannel” experiences consisting of manual processes or untethered systems that will need updating.
For instance, of the 86 percent of retailers that offer consistent pricing and promotions across channels, half report needing improvements. Similarly, 52 percent of retailers have implemented consistent product availability across channels but need to improve their capabilities.
Other pain points include cross-channel order tracking and the ability to accept returns through different channels.
Retailers need to do more than improve the initial purchasing experience, since fulfillment is an extension of the consumer journey.
Although click-and-collect services are growing in popularity, BRP argues that these offerings are a stop-gap as 55 percent of retailers hope to offer same-day delivery within two years. Only 18 percent are currently offering same-day delivery successfully.
Third-party delivery is also likely to grow, with 36 percent of retailers expecting to implement this service in the next two years.
Retailers are looking to offer consumers more flexibility in how they make and receive orders, by offering services such as “buy online, ship to store,” “buy in-store, ship from vendor” or “reserve online, pick up in-store.”
Read the full article: “Faux omnichannel” shopping still persistent among retailers: BRP