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TRENDS IN RETAIL
THE OMNICHANNEL FUTURE
TRENDS IN RETAIL
THE OMNICHANNEL FUTURE
TODAY, IN ECOMMERCE,
"E" = EVERYWHERE.
TODAY, IN ECOMMERCE,
"E" = EVERYWHERE.
001111011001110
001 1
110110011
10
111
000
001 1110 1100 1110 111 000
001 1110 1100 1110 111 000
001 1110 1100 1110 111
Researching a product can happen in-store, online or over a
cuppa with friends. Buying a product can happen in-store, online
or over that same cuppa. And rating that product? Ditto.
Within this omnichannel world, the online channel is growing.
Online spending in Australia increased at a compound annual
rate of 18.2% over the five years through 2014-15.*
2013 20182017201620152014
*Source: IBISWorld Industry Report I5102, 'Courier Pick-up and Delivery Services in Australia', October 2014.
To keep up with this trend – and capitalise on it – retailers need
to know what an omnichannel shopper looks like,
and how to keep them happy.
THE RISE AND RISE OF
THE OMNICHANNEL SHOPPER
THE RISE AND RISE OF
THE OMNICHANNEL SHOPPER
$$
The consumer went to
market and bartered their
eggs for wool.
The consumer went shopping
with a full purse. They came
home with an empty purse
and a full bag.
THE CONSUMERTHE CONSUMER
1800S1800S 1900S1900S
$$
$$ $$
The 2000s consumer goes
nowhere and everywhere.
But boy, do they shop.
In the 12 months to January
2015, online retail sales in
Australia grew 9% to reach
$16.6 billion*.
*Source: http://business.nab.com.au/online-retail-sales-index-in-depth-report-january-2015-9980/, accessed May 2015.
THE CONSUMERTHE CONSUMER
2000S2000S TODAYTODAY
$16.6
BILLION
BUY NOW
The world is their marketplace, with overseas e-tailers
also catching consumers' eyes ... and their credit cards.
*Source: Source: http://business.nab.com.au/online-retail-sales-index-in-depth-report-april-2015-11332/, accessed June 2015.
CONSUMERS TODAY HAVE MORE
CHOICE THAN EVER.
CONSUMERS TODAY HAVE MORE
CHOICE THAN EVER.
AUSTRALIAN
WEBSITES
75.5%
OVERSEAS
WEBSITES
24.5%
Consumers research purchasing decisions in-store,
on the web, on their phones, via social media,
through advertising, and more.
CONSUMERS LIKE TO SHOUT
ABOUT THEIR SHOPPING
EXPERIENCES, GOOD OR BAD.
CONSUMERS LIKE TO SHOUT
ABOUT THEIR SHOPPING
EXPERIENCES, GOOD OR BAD.
The consumer review is about much more than just the
product. They'll rate the entire experience – including
ordering, pick-up or delivery, returns and more.
Click & collect
Same day delivery
Free or flat rate returns
Clear policies on shipping
& returns
24/7 customer service
1.
1.
2.
3.
4.
5.
4. 5.
2. 3.
Remember, changing habits create new expectations.
Consumers today expect big things from online stores.
IT’S NO LONGERIT’S NO LONGER
TO THE MARKETTO THE MARKET
AS SIMPLE AS A TRIPAS SIMPLE AS A TRIP
AS THE SHOPPER EVOLVES,
SO TOO MUST THE RETAILER.
AS THE SHOPPER EVOLVES,
SO TOO MUST THE RETAILER.
OPEN
MALL
MARKET STALL RETAIL MALL ONLINE STORE
ORDER
IN-STORE, TECHNOLOGY IS
INVADING EVERY ASPECT OF THE
SHOPPING EXPERIENCE.
IN-STORE, TECHNOLOGY IS
INVADING EVERY ASPECT OF THE
SHOPPING EXPERIENCE.
RFID tags
on clothes
Kiosks for
online ordering
Life sized
touchscreens
In this omnichannel retail environment, retailers need to rethink
fulfilment strategies. How do you meet consumer needs without
blowing budgets on warehousing, distribution and freight?
*Source: 2015 Third Party Logistics Study: The State of Logistics Outsourcing, John Langley Jr and Capgemini, 2015.
In a recent study, nearly one third of retailers are not
ready to handle omnichannel retailing.*
ONE THIRD ARE
UNPREPARED
Reduced shipping costs
Improved order fill rates
Improved accuracy
Often, third party logistics steps in to
save the day for smaller retailers.
*Source: 2015 Third Party Logistics Study: The State of Logistics Outsourcing, John Langley Jr and Capgemini, 2015.
TO SUM UP...TO SUM UP...
Other times, it's savvy strategies around returns and
exchanges, like BirdsNest's 365-day returns policy.
Customer service plays a critical role across channels, too.
It's all about maintaining the same level of trust, regardless
of the channel used to research or buy a product.
An omnichannel retailer must take all of these things into account,
and keep abreast of evolving trends. Get it right, and you'll enjoy
loyal, long-term relationships that boost the bottom line.
OPEN
$ $
Learn about how StarTrack can assist with fulfilment
of your orders. To find out more, send us an
enquiry or call 13 23 45
READY TO GROWREADY TO GROW
YOUR BUSINESS?YOUR BUSINESS?

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Trends in Retail

  • 1. TRENDS IN RETAIL THE OMNICHANNEL FUTURE TRENDS IN RETAIL THE OMNICHANNEL FUTURE
  • 2. TODAY, IN ECOMMERCE, "E" = EVERYWHERE. TODAY, IN ECOMMERCE, "E" = EVERYWHERE. 001111011001110 001 1 110110011 10 111 000 001 1110 1100 1110 111 000 001 1110 1100 1110 111 000 001 1110 1100 1110 111
  • 3. Researching a product can happen in-store, online or over a cuppa with friends. Buying a product can happen in-store, online or over that same cuppa. And rating that product? Ditto.
  • 4. Within this omnichannel world, the online channel is growing. Online spending in Australia increased at a compound annual rate of 18.2% over the five years through 2014-15.* 2013 20182017201620152014 *Source: IBISWorld Industry Report I5102, 'Courier Pick-up and Delivery Services in Australia', October 2014.
  • 5. To keep up with this trend – and capitalise on it – retailers need to know what an omnichannel shopper looks like, and how to keep them happy.
  • 6. THE RISE AND RISE OF THE OMNICHANNEL SHOPPER THE RISE AND RISE OF THE OMNICHANNEL SHOPPER
  • 7. $$ The consumer went to market and bartered their eggs for wool. The consumer went shopping with a full purse. They came home with an empty purse and a full bag. THE CONSUMERTHE CONSUMER 1800S1800S 1900S1900S $$ $$ $$
  • 8. The 2000s consumer goes nowhere and everywhere. But boy, do they shop. In the 12 months to January 2015, online retail sales in Australia grew 9% to reach $16.6 billion*. *Source: http://business.nab.com.au/online-retail-sales-index-in-depth-report-january-2015-9980/, accessed May 2015. THE CONSUMERTHE CONSUMER 2000S2000S TODAYTODAY $16.6 BILLION BUY NOW
  • 9. The world is their marketplace, with overseas e-tailers also catching consumers' eyes ... and their credit cards. *Source: Source: http://business.nab.com.au/online-retail-sales-index-in-depth-report-april-2015-11332/, accessed June 2015. CONSUMERS TODAY HAVE MORE CHOICE THAN EVER. CONSUMERS TODAY HAVE MORE CHOICE THAN EVER. AUSTRALIAN WEBSITES 75.5% OVERSEAS WEBSITES 24.5%
  • 10. Consumers research purchasing decisions in-store, on the web, on their phones, via social media, through advertising, and more.
  • 11. CONSUMERS LIKE TO SHOUT ABOUT THEIR SHOPPING EXPERIENCES, GOOD OR BAD. CONSUMERS LIKE TO SHOUT ABOUT THEIR SHOPPING EXPERIENCES, GOOD OR BAD. The consumer review is about much more than just the product. They'll rate the entire experience – including ordering, pick-up or delivery, returns and more.
  • 12. Click & collect Same day delivery Free or flat rate returns Clear policies on shipping & returns 24/7 customer service 1. 1. 2. 3. 4. 5. 4. 5. 2. 3. Remember, changing habits create new expectations. Consumers today expect big things from online stores.
  • 13. IT’S NO LONGERIT’S NO LONGER TO THE MARKETTO THE MARKET AS SIMPLE AS A TRIPAS SIMPLE AS A TRIP
  • 14. AS THE SHOPPER EVOLVES, SO TOO MUST THE RETAILER. AS THE SHOPPER EVOLVES, SO TOO MUST THE RETAILER. OPEN MALL MARKET STALL RETAIL MALL ONLINE STORE
  • 15. ORDER IN-STORE, TECHNOLOGY IS INVADING EVERY ASPECT OF THE SHOPPING EXPERIENCE. IN-STORE, TECHNOLOGY IS INVADING EVERY ASPECT OF THE SHOPPING EXPERIENCE. RFID tags on clothes Kiosks for online ordering Life sized touchscreens
  • 16. In this omnichannel retail environment, retailers need to rethink fulfilment strategies. How do you meet consumer needs without blowing budgets on warehousing, distribution and freight?
  • 17. *Source: 2015 Third Party Logistics Study: The State of Logistics Outsourcing, John Langley Jr and Capgemini, 2015. In a recent study, nearly one third of retailers are not ready to handle omnichannel retailing.* ONE THIRD ARE UNPREPARED
  • 18. Reduced shipping costs Improved order fill rates Improved accuracy Often, third party logistics steps in to save the day for smaller retailers. *Source: 2015 Third Party Logistics Study: The State of Logistics Outsourcing, John Langley Jr and Capgemini, 2015. TO SUM UP...TO SUM UP...
  • 19. Other times, it's savvy strategies around returns and exchanges, like BirdsNest's 365-day returns policy.
  • 20. Customer service plays a critical role across channels, too. It's all about maintaining the same level of trust, regardless of the channel used to research or buy a product.
  • 21. An omnichannel retailer must take all of these things into account, and keep abreast of evolving trends. Get it right, and you'll enjoy loyal, long-term relationships that boost the bottom line. OPEN $ $
  • 22. Learn about how StarTrack can assist with fulfilment of your orders. To find out more, send us an enquiry or call 13 23 45 READY TO GROWREADY TO GROW YOUR BUSINESS?YOUR BUSINESS?