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Ecop

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  • 1. 2012 RetailereCommerce Study
  • 2. Executive Summary • In August 2012, Brandkindle again queried over 1,500 active e-retailers asking them to share their thoughts for this year’s Brandkindle retailer study. Over 600 retailers responded, offering opinions and information on topics ranging from in- store and online sales to mobile phone usage in stores. • E-Tailers empowers brands to use online sales to expand in- store sales. This is a significant benefit for branded manufacturers selling online, given that retail sales still represent, on average, over 90% of their total sales. This annual survey of retailers measures the effectiveness of E- Tailers in helping both brands and their retail partners increase sales.
  • 3. Key findings • E-Tailers increases store profits and improves customer acquisition. • E-Tailers helps expand retail distribution. • Retailers are spending more with brands that send them orders • Retailers don’t want to work with branded manufacturers that compete with them. • In-store sales increase for brands that send online orders to retailers. • ECOP sales reports influence retailers’ purchasing decisions. • Retailers are experiencing the “mobile” movement.
  • 4. Key findings • E-Tailers increases store profits and improves customer acquisition. 65% of retailers in the survey stated that working with E Commerce Oriented Platform (ECOP) increased store profit or improved customer acquisition, with 23% noting that ECOP increased both. • E-Tailers helps expand retail distribution. 61% of surveyed retailers place an opening order from a brand that launches ECOP or monitor the brand to consider placing an order.
  • 5. Key findings • Retailers are spending more with brands that send them orders. 67% of survey respondents have increased purchases with brands since those brands launched ECOP. Over 55% of those retailers increase spend more than 10%. • Retailers don’t want to work with branded manufacturers that compete with them. 70% of retailers said they would reduce or cease buying from brands that sell directly to the end-consumer. This number continues to rise, up 43% since the 2009 retailer survey.
  • 6. Key findings • In-store sales increase for brands that send online orders to retailers. 45% of retailers sold more over-the-counter products for ECOP client brands as a result of increased stocking of those brands. • ECOP sales reports influence retailers’ purchasing decisions. 59% said that the market research and analytics provided by ECOP play a part in their purchasing processes. • Retailers are experiencing the “mobile” movement. 84% of survey respondents note the use of smartphones in their stores as research and shopping tools.
  • 7. Retailer sales remain strong in early 2012.While signs of a new recession are starting to show in the marketplace,49% of participating stores increased in-store sales in early 2012 overthe same period in 2011. 27% of those, increased sales more than 10%,while only 13% saw a decrease in sales.
  • 8. Retailers spend more with brands that send them consumers’ onlineorders.The brand-retailer relationship is critical for both parties. So whenbranded manufacturers funnel their online sales to retailers, theretailers respond by buying more product from those manufacturers
  • 9. Retail-integrated ecommerce increases profits and delivers newcustomers to retailers.
  • 10. For most retailers, E-Tailers increases their overall profits bydelivering incremental sales from orders generated on brandedmanufacturer websites and expanding their client base
  • 11. Retailers stock brands that send them online orders and sell more in-store as a result. A NEW BRAND IN YOUR INDUSTRY LAUNCHING ON ECOP, HOW WOULD YOU PREPARE YOUR BUSINESS?
  • 12. Retailers are watching…They know if a brand sells direct and theynotice when a brand joins ECOP. 9% of survey respondents statedthat they immediately increase their spending with a brand when itlaunches retail-integrated eCommerce.
  • 13. Retailers increasingly refuse to work with brands that competewith them for sales.Today’s retail market is more concerned with channel conflictthan ever before for good reasons. Big brands are selling directonline or through their own retail outlets and big retailers arecreating self-branded products.As retailers and manufacturers compete for sales, theirrelationship strains, and ultimately will fail. Over 36% of retailerssaid they would never purchase products from brands that sellonline directly to consumers.
  • 14. Retailers, even single shops, are turning toeCommerce.
  • 15. IF YOU SELL THROUGH YOUR OWN ECOMMERCE WEBSITE, WHAT PERCENTAGE OF YOUR BUSINESS COMES FROM ONLINE SALES?
  • 16. Mobile phones are moving into the offline purchaseprocess.With the proliferation of smartphones and tablet computers, theway people shop is changing quickly. Only 16% of retailersstated that none of their customers are using mobile phones intheir shops as part of the purchasing process. Based on theseresults, we estimate that 10% of customers are using mobilephones while shopping in retail stores.
  • 17. WHAT PERCENTAGE OF YOUR CUSTOMERS USE MOBILE PHONES TO HELP THEM WITH SHOPPING WHILE IN YOUR STORE(S)?
  • 18. HOW ARE MOBILE DEVICES USED MOST OFTEN IN YOUR STORE(S)?
  • 19. WHAT IS THE SIZE OF YOUR BUSINESS?
  • 20. Conclusion The retailer-manufacturer relationship is a mutually beneficial one. When branded manufacturers deliver their online sales to brick-and-mortar shops, not only do retailers buy more product to facilitate online orders, they also sell more of that product in- stores. The data in this survey clearly shows the increasing importance of preserving and nurturing the brand-retailer relationship, and how sales can increase as a result of this nurturing.
  • 21. For any queries mail us atadmin@brandkindle.com
  • 22. Thank You !!!

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