A new survey released today by International Council of Shopping Centers (ICSC) shows that consumers welcome technology that provides access and ease to the shopping experience. The ICSC Retail Technology Survey reveals that consumers of all ages are seeking an integration of technology and shopping. With the right mobile and digital platforms, retailers can draw customers into their store for experience and purchasing.
“Consumers are the drivers of demand, and they’ve made it clear they want more technology integrated into their shopping experience,” said Tom McGee, President and CEO of ICSC. “Our study shows that consumers are calling for access to more information in stores. The retailers who innovate in this area, making the experience more efficient and the consumer better informed, will win at the register.”
Access to Information Improves Experience
Consumers are seeking more in-store technology to make accessing information and shopping easier and they believe that technology is poised to do just that. By 2020, consumers stated they want to:
Have access to products/sizes available in store without engaging a salesperson (62 percent)
Virtually view how home furnishings and how accessories fit in a home before they make a purchase (55 percent)
Compile a shopping list on a store app and receive a floor map to locate products (54 percent)
Consumers Clicking and Connecting Through Entire Shopping Journey
Technology’s integration into every facet of our lives shapes the way consumers think about their next purchase. From informing their decisions early in the purchase to checking out of the store, technology vastly improves and eases the experience. Click-and-collect has been the best example of this, where nearly three out of four consumers (73 percent) have bought a product online from a mobile device and picked it up in a store. Other ways consumers use technology to connect while shopping include:
Personalized Shopping a Growing Priority
Personalization remains a key focus for consumers and they seek out retailers who will deliver customized results. Personalized experiences consumers are seeking include:
“Technology creates innumerable opportunities for retailers to better reach – and convert – consumers,” continued McGee. “Collecting data on a shopper’s specific buying habits can create a healthier connection. Through closely understanding the wants and needs of shoppers, retailers can drive more store visits and create a stronger bond.”
The ICSC Retail Technology Survey was conducted online by Opinion Research Corporation on behalf of ICSC from February 16-19, 2017. The survey represents a demographically representative U.S. sample of 1,022 adults 18 years of age and older.
ICSC serves the global retail real estate industry. We provide our 70,000+ member network in over 100 countries with invaluable resources, connections and industry insights, and actively work together to shape public policy. For more information please see the full Industry Insights report: Millennials Most Empowered by Retailer Technology.