Millennials have increasingly higher demands from their digital user experiences, and retailers need to adapt faster than ever. Ok, I didn’t make that statement up myself, it’s actually evident in this annual survey (pdf) on mobile holiday shopping titled “Coming Back to the Digital Future.”
Let’s look at some of the key facts from the survey, which was conducted by Harris Poll in October with more than 6,000 smartphone and tablet owners in five countries – the U.S., UK, France Germany and Australia. Download the full infographic here.
Mobile shopping will set new records again this year, and smartphone and tablet shopping will be a dominant factor across web, mobile web and mobile applications this year.
- Millennials are shifting into overdrive, as 50% will do more holiday shopping on their mobile devices than in stores (60% in the UK!).
In-store shopping is now also mobile shopping…
- to compare prices, read product reviews and download coupons.
- More than 1 in every 4 smartphone/tablet users and nearly 4 of every 10 Millennials will use their devices to make purchases when they are in stores shopping for gifts.
Poor digital performance comes with a big price tag… substantial revenue losses and damage to your brand reputation
- 49% of Millennials and 47% of all shoppers using their smartphones and/or tablets say they would shop elsewhere if a mobile site or app fails to load in 3 seconds or less.
- 68% of all holiday shoppers using their smartphones and/or tablets say they would try a mobile site or app one more time if it did not work the first time – an immediate loss of 32% of shoppers.
- Your apps are your brands – and if they deliver poor experiences the world will hear about it as 51% of Millennials say they are likely to complain on social media about a poor online shopping experience.
Millennials prefer mobile apps
- 54% of Millennials prefer to use company-specific mobile applications rather than company websites when shopping on smartphones and/or tablets. Why? Because 62% of Millennials (71% in the UK) say that mobile applications have better user experience and performance than sites.
The bottom line…
Millennials show us a clear path – companies will win or fail based on customer experiences they deliver at every digital touchpoint along the shopping journey – web, mobile web and mobile apps – no matter where customers are – at home on their couches, in their offices and even when they are inside stores shopping.
Customers’ behaviors and expectations continue to change and digital transformation should not focus only on getting a 360° view of their customers, it’s all about the delivered user experiences too. You need to deliver at scale, across channels with a special focus on mobile or suffer the consequence.
What can retailers do to make sure their customers Come Back In The Future?
Have a look at this digital performance management (DPM) blog post which explains how proper analytics can – and does – help organizations like yours make sure digital experiences are flawless across channels, all the time. Capturing all user actions and involved technical elements in the experience delivery helps you identify issues and resolve them quickly before they hurt your brand and bottom line.