Free press releases distribution network?

More news: Retail/Wholesale
Agency / Source: MSLGroup

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Webloyalty Summit - Driving Sales from Social Networks and mCommerce A 2010 etail Challenge - Webloyalty, a leading provider of incremental revenue for online businesses and facilitator of the event, announces the findings of the recent Webloyalty etail Strategy Summit 2010
Webloyalty Summit - Driving Sales from Social Networks and mCommerce A 2010 etail Challenge

 

PRZOOM - /newswire/ - London, United Kingdom, 2010/03/17 - Webloyalty, a leading provider of incremental revenue for online businesses and facilitator of the event, announces the findings of the recent Webloyalty etail Strategy Summit 2010.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Retail/Wholesale Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

With online retail and travel giants such as bmibaby, thetrainline.com and Asda alongside retail researchers Verdict Research and online intelligence provider Experian Hitwise, London’s Cabinet War Rooms were a fitting setting to discuss strategies for achieving post-recession etail success, with multichannel emerging as the dominant theme throughout the event.

Martin Child, MD Europe of Webloyalty (webloyalty.co.uk), commented: “With the etail market becoming more mature and shoppers more savvy, there is a demand for more sophisticated strategies. It is important to recognise the value online plays in multichannel marketing. It needs to work hard to maximise revenue and play a driving role in supporting the other channels.”

Social Media as traffic driver
At the event, Experian Hitwise presented its statistics on 2009 trends and predictions for 2010. A major finding, and opportunity for online retailers, is driving traffic from social media. With currently only 7.51% of all traffic to transactional sites coming from social networking and forums, compared to 40.87% of all traffic from search engines, there is clearly a major opportunity for increasing traffic.

Robin Goad, Research Director at Experian Hitwise: “Search engines are still the key driver of traffic to transactional sites. However, a clear opportunity for retailers lies in increasing traffic from social media sites. A handful of retailers are ahead of the curve with this, particularly in the fashion and entertainment sectors, but many others are missing a trick and therefore potential untapped revenue.” Experian Hitwise’s statistics show that both Music etailers as well as Video and Games etailers receive 8.9%, and Apparel and Accessories etailers receive 8% of their traffic from social networks. These etail sectors are ahead of the pack, as in comparison House & Garden etailers, for instance, only receive 3.5% from social networks.

The online travel sector is also beginning to recognise the potential for growth through the social media channel. Ian Stewart, Head of eCommerce at bmibaby reported that currently 4% of its traffic is driven by social media and the airline realises the huge potential for this figure to increase in 2010 and beyond.

mCommerce
Some etailers are actively researching mCommerce as an additional channel. One of the etailers that has taken advantage of mobile is thetrainline.com who launched its free iPhone app in October 2009. The app has become a huge success with over 400,000 downloads, that means that roughly 1 in 5 UK iPhone owners have downloaded the app. Although the app is currently only informational and not transactional, it has become a major driver for sales and customer loyalty.

Along with thetrainline.com, other key players in the travel sector are noticing a demand for mobile information. For example, bmibaby explained that currently it does not have a tailored mobile site, however one million visitors to bmibaby.com still came from mobiles during 2009, illustrating an evident appetite for the mobile channel amongst consumers.

Browsing online to buy in the store
As well as retailers, customers are increasingly becoming more multichannel minded too. Robin Goad, Experian Hitwise commented: “One of the finest recent examples of multichannel retailing was the 2009 post-Christmas sales peak. There was a very obvious spike in searches for sales and bargains online, with people using the online channel to inform their decisions on high street purchases.” Experian Hitwise reported that on Boxing Day 2009, 14.54% of all online searches containing the search term “sale” were for retailer Next and 3.69% for Debenhams. Meanwhile online-only retailers saw a big drop in visits a few days before Christmas, which continued beyond Christmas.

Robin Goad commented: “Multichannel retailers should recognise this as an indication that online and physical channels need to work well hand-in-hand and not be seen as separate entities. Online-only retailers will need to learn to make the shopping experience more engaging and interactive to replicate the more tactile experience of a high street store in order to steal market share in key sales periods.”

One retailer that actively integrates multiple channels is Asda which demonstrated its ‘Asda multi-channel strategy’, with new routes to market by creating online order and collection points in its stores. Christine Smith, General Manager Digital Trading and Web Merchandising at Asda said: “Ultimately the customer decides how and when they want to shop. We want to cater to this with our multi-channel strategy by providing various customer touch points, in store, online, mobile and in catalogues. All your everyday needs in your store, on the move, to your door.”

Loyalty
Retail researchers Verdict Research presented the ten key trends to etail success in 2010. Key findings were that retailers will have to work much harder just to stand still. In terms of online spending, Verdict predict an annual growth of just 11% from 2010 onwards compared to almost 30% pre-2009.

Neil Saunders, Consulting Director at Verdict Research commented: “With growth of new customers levelling off it becomes increasingly important to change marketing strategies to focus on growing loyalty and increasing repeat visits rather than acquiring new customers.”

Verdict expects one of the remaining growth opportunities to lie in “channel blind customers” who use traditional channels such as online, stores, catalogues and phone and combine them with emerging channels such as social media, affiliates, kiosks and mobiles. The etailer that can encourage cross-channel interaction will see an increase in spend.

However, there will be a greater struggle for customer loyalty with the number of sites visited per purchase rapidly increasing. The average number of sites visited per purchase for ‘Clothing and Footwear’, the category with the most visits per purchase, were a mere 1.5 in 2005 and 2.1 in 2009, in 2013 Verdict expects it to reach 2.9. For ‘Homewares’ these numbers are 1.1, 1.8 and 2.1 respectively, the largest relative increase of all categories.

Verdict Research presented a number of recommendations to overcome this. Fewer clicks to make a purchase, introducing click-to-call, cutting out surprise costs and reducing basket abandonment by emailing the basket to the customer are key ways to enhance sales. At the event, bmibaby reported a 30% conversion rate on abandoned basket call backs, through experimenting with these methods.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Retail/Wholesale Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: MSLGroup

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Retail/Wholesale articles,
CATCH Visitors via Your Competitors Announcements!


Webloyalty Summit - Driving Sales from Social Networks and mCommerce A 2010 etail Challenge

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Lennard van Otterloo - MSLPR.co.uk 
+44 (0)20 7878 3210 lennard.vanotterloo[.]mslworldwide.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any MSLGroup securities in any jurisdiction including any other companies listed or named in this release.

Retail/Wholesale via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From MSLGroup / Company Profile


Read Retail/Wholesale Most Recent Related Press Releases:

Retail IT Specialist Detego Launches New Software for Omni - Channel Retailing
Author & CEO of Market Viewpoint, Angela Megasko Presents At MSPA-NA’s Annual Shopperfest in Las Vegas, Nevada
Oracle and Snapchat Measure Impact of Snap Ads On Sales in Stores
Russian Grocery Leader O’KEY Selects JDA to Drive Higher Sales and Profits
Rose Pharmacy Leverages JDA Merchandise Management System to Improve its Customer-centric Focus
RAANGE Interactive Secures One Million Customer Leads in 6 Months for Retailers
ARCH Design Relocates to 30,000-Square-Foot Facility
Azoth Analytics Releases 2015-2020 Global Handbags Market Trends, Opportunities and Forecasts
Belle Lingerie Celebrates 10 Years of Online Trading
iControl Recognized as One of the Best Entrepreneurial Companies in America by Entrepreneur Magazine

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today