holiday online retail unwrapped: what’s in store for 2014
DESCRIPTION
There’s good news for retailers as we approach the all-important holiday shopping season. The economy is on the rebound, shoppers are spending more and mobile is booming. But what’s next? Take a look at four key trends for retailers this season. Visit www.ibm.com/benchmark to learn more.TRANSCRIPT
Online shopping goes onward and upwardA prosperous 2014 holiday season appears to be in store for US online retailers. Sales were strong in 2013—especially sales made with mobile devices.
Mobile continues to be off the hook
Capturing—and keeping—consumer attention is getting more difficult
7:12 Average time on site down 43 seconds since March 2012
Mobile contributes to shorter attention span:
November 2013 average order value was $132.71, up 9% from November 2011.
9% increase
December 2013 average order value was $122.46, up 13% from December 2011.
13% increase
Average order value is on the rise
Mobile average time on site
4:25Mobile average page views per session
6.1Mobile bounce rate
40%
Cart abandonment is up and conversion rates are down
6.9 Average page views per session down from 9.0 in March 2012
Smart phones to browse, tablets to buy: (March 2014 metrics)
iOS outpaces Android in generating traffic and sales: (March 2014 metrics)
Shopping cart abandonment continues to rise, peaking at
The November 2013 Conversion rate of
72%in July 2013. is 11% lower than
November 2011.
2.6%
Thanksgiving:
Mobile % of sales was up
19.7% increase in online retail sales YoY.
49%
Online retail spending in Q4 2013 was up 10.3% over 4Q 2012. Key shopping days:
Black Friday:
Mobile % of sales was up
18.9% increase in online retail sales YoY.
43%
Cyber Monday:
Mobile % of sales was up
20.6% increase in online retail sales YoY.
55%
Fri
SocialReferral sites
Natural searchMobile
MarketingPaid SearchDirect Load
Overall Conversion
Conversion rates by channel (March 2014)
3.2%2.8%
2.5%
1.5%1.6%
1.2%0.8%
2.5%
34% Bounce rate up from 29% in March 2012
March 2014 March 2014
March 2014
There’s good news for retailers as we approach the all-important holiday shopping season. The economy is on the rebound, shoppers are spending more and mobile is booming.
But what’s next? Take a look at four key trends for retailers this season.
25%
Predictions
iOS13%
Mobile % of sales predicted to reach
20%by November
2014
17%November 2013
Mobile % of traffic predicted to reach by November
2014
34%November 2013
24% 14%Tablets vs. Smart phones% traffic (for browsing)
Tablets vs. Smart phones% sales (for buying)
iOS vs. Android% traffic
14%iOS
3%
iOS vs. Android% sales
43%
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Data in this infographic is based on IBM Digital Analytics Benchmark, a cloud-based service that captures online marketing results and commerce data from approximately 800 contributing US retail web sites. The industry’s only peer-level, self-service benchmarking solution enables IBM customers to measure performance against the competition in anonymized, aggregated form. IBM Digital Analytics Benchmark comes standard with IBM Digital Analytics at no additional cost.
For more information, go to ibm.com/benchmark
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Tips to make the holiday season profitable
5%12%
Holiday Online Retail Unwrapped: What’s in Store for 2014