MarketingVOX: The Voice of Online Marketing | MEDIA KIT

Online Channels Work Well for Large Retailers, Less So for Others


Make 'em useful;
teach 'em web design

Consumers cite the web as the fastest-growing retail channel by a 2-to-1 margin.

They are also starting to expect more from businesses, including the ability to order products in one place and pick them up — or have them delivered — elsewhere, according to a Retail Systems Research (RSR) report, MarketingCharts writes.

Large retailers (those generating the equivalent of $5B or more in annual revenue) have a head start, as they have more experience in multi-channel retailing, RSR said. Moreover, they are more likely than small and midsize retailers to see the e-channel as an extension of their operations rather than merely an outlet for excess or different merchandise.

A survey of retailers finds larger shops are more likely to…

  • Offer the ability to order in-store for subsequent fulfillment via other channels (59%, compared with 42% for all respondents):

rsr-multi-channel-retailer-cross-channel-activities-march-083.jpg

  • Buy online and via catalog for subsequent in-store pickup (59% vs. 35% for total response group).
  • Partner with suppliers to enable direct shipments from the supplier to the customer (82% vs. 49% of all retailers).

Challenges

Retailers continue to struggle to make in-store inventory visible to online channels and vice versa; large retailers perform only slightly better than others.

Despite more integrated business processes, underlying technologies supporting multi-channel retailing remains "stove piped" along channel boundaries:

rsr-multi-channel-retailer-how-multi-channel-data-is-managed2.jpg

About the report: The "Finding the Integrated Multi-Channel Retailer" report uses the responses of 103 online survey participants from Feb. '08 to explore how businesses are using and integrating multiple channels in the retail space.

Related Topics

research & stats
multi-channel marketing
direct marketing
media convergence
cross media
e-commerce
consumer packaged goods

Search

VideoEgg
sponsor
E-Mail This Story email this story «
Related stories:

Subscribe to MarketingVOX|News

MARKETING JOBS