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The New Digital Divide
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The New Digital Divide

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Digital devices’ influence on in-store purchase behavior is growing much faster than anyone could have anticipated. Deloitte’s research shows that today digital technologies influence 36 percent ...

Digital devices’ influence on in-store purchase behavior is growing much faster than anyone could have anticipated. Deloitte’s research shows that today digital technologies influence 36 percent or $1.1 trillion of in-store retail sales, and this number will likely increase to 50 percent of in-store sales by the end of 2014.

Given this acceleration, we are at a tipping point in retail — a point where digital channels should no longer be considered a separate or distinct business. Instead, digital is fundamental to the entire business and the entire shopping experience, in and out of the store. As this new reality begins to have a greater impact, retailers should change dramatically the way they think, measure, and invest in digital, and address their customers’ digital needs and wants.

For more, visit http://www.deloitte.com/us/digitalinfluence

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The New Digital Divide The New Digital Divide Presentation Transcript

  • The New Digital Divide Over 1 trillion $1,100,000,000,000 Digital’s impact areas Role of digital during the shopping journey Retail categories most and least influenced by digital 1 2 3 $159B Mobile’s and digital’s influence on in-store sales in retail sales today are influenced by digital, and digital is projected to influence 50% of all retail sales by the end of 2014 To help retailers understand the evolving impact of digital, Deloitte surveyed over 2,000 U.S. consumers in late 2013 asking them questions about how they use digital devices during their shopping journey. The focus of our research moves beyond “if” digital is having an influence to quantify “how” it is changing behavior along the path to purchase. The results are staggering and suggest retail is at a tipping point; no longer can the industry afford to view digital as a separate business function, but rather integral to the entire enterprise. As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Traffic Before During Conversion Order Size Loyalty Percent of shoppers that use digital devices throughout their shopping experience: 84% of visitors report using digital for shopping-related activities before or during their most recent trip to a store Consumers who use a device during their shopping journey convert at a 40% higher rate 22% of consumers spend more as a result of using digital – with just over half spending at least 25% more than they had intended 75% of consumers said product information found on social channels influenced their shopping behavior and enhanced brand loyalty 2012 2013 Electronics Furniture Sporting 5% 19% 69% 36% 14% Retailers, shoppers, and the digital influence factor www.deloitte.com/us/DigitalInfluence @DeloitteCB Follow #RetailDigitalDivide $593B Where digital shoppers go for help Get product information Check item availability Checkout/Make a payment 76% 78% 80% 24% 22% 20% Own device or in-store device Sales associate After 14% $334B $1.1T 36% Mobile Digital 2012 2013 8 9 10Convenience Store Grocery General Merchandise MOST INFLUENCED LEAST INFLUENCED