BizReport

RSS feed Get our RSS feed

News by Topic




BizReport : Loyalty Marketing : August 22, 2017


Survey finds brand more important than store

When it comes to shopping - either online or offline - it turns out brand trumps store. That, according to new data from Astound Commerce. Their research shows that customers are increasingly brand loyal, but they aren't showing the same affinity for retailers or merchants.

by Kristina Knight

In the game of brand loyalty vs. merchant loyalty, brand is king. According to recent Astound Commerce data 55% of consumers say they prefer shopping directly with brands, rather than looking for a specific brand through a merchant site. Nearly the same amount (54%) of consumers are now turning to brand sites for full product information, also.

"The role that brand manufacturers play in today's retail landscape has evolved," said Lauren Freedman, SVP of Digital Strategy, Astound Commerce. "Consumers' heightened expectations for digital commerce means brands must master online selling and present compelling and competitive shopping experiences, on par with multi-brand counterparts. Moving forward, brands and retailers must explore even more creative ways to demonstrate value and engage through experiential means to woo younger customers and maintain customer loyalty, particularly in light of the challenging retail climate."

As merchants - and brands - approach the upcoming holiday season, this data indicates that making the brand the focus of ads, product information, and imaging will likely be key to engaging shoppers.

Other interesting findings from the report include:

• 50% of consumers expect better pricing on brand manufacturer sites than they find at merchant sites
• 59% of shoppers visit physical stores expecting a better customer experience than they find online
• 70% visit physical stores to touch/feel products prior to purchase

The full report can be found here.

Tags: advertising, Astound Commerce, brand loyalty, brand loyalty trends, loyalty marketing










Subscribe to BizReport



  • Over 50% consumers prefer shopping directly from brand rather than merchants. That doesn’t mean that merchants or physical sores go dead. Why? Because 59% people visit retail stores to get better customer experience. If physical stores take care of customers and feel them comfortable and satisfied, customers can purchase things from stores without any hesitation.




http://www.bizreport.com/2017/08/survey-finds-brand-more-important-than-store.html

 

 

Copyright © 1999- BizReport. All rights reserved.
Republication or redistribution of BizReport content is expressly prohibited without the prior written consent.
BizReport shall not be liable for any errors in the content, or for any actions taken in reliance thereon.