The omnichannel opportunity has been saved
The omnichannel opportunity
Unlocking the power of the connected consumer
Omnichannel retailing refers to the integration of a range of different channels – from brick-and-mortar stores, to websites, to apps and social media – in order to provide a seamless shopping experience to consumers.
Deloitte was commissioned by eBay to investigate the impact of omnichannel retailing on key European retail markets. Omnichannel retailing refers to the integration of a range of different channels – from brick-and-mortar stores, to websites, to apps and social media – in order to provide a seamless shopping experience to consumers.
The report combines econometric analysis, a consumer survey and interview with leading retailers across Europe in order to address three key questions: is there value for retailers in targeting omnichannel consumers? Are leading retailers benefiting from a strategy that combines store and non-store channels? What strategies are retailers using to make the most of the omnichannel opportunity?
- A third of consumers had used two or more distinct channels during a recent purchase
- Lucrative segments of the market such as frequent shoppers and those planning high-value purchases were more likely to have used different channels during a recent purchase
- For leading retailers in the two markets studied (the UK dress market and the German domestic appliance market), over 95% of non-store sales are found to be incremental to their store sales
- A broad presence across channels - through web searches, a presence on third-party sites and advertising - is found to increase both store and non-store sales
- Retailers are adopting a variety of strategies to address these changes in consumer behaviour, from in-store technology to click & collect, and acknowledge that embracing omnichannel retailing will require changes throughout the organisation.