Online retailers without an m-commerce strategy are in the minority.
That’s according to the new study released today by Forrester Research and Shop.org.
“The State of Retailing Online: Marketing, Social Commerce and Mobile Report,” states that nearly three-quarters of online retailers either already have or are developing a mobile strategy. A good example of a retailer leading this trend is Neiman Marcus, with plans to be completely mobile enabled by fall.
According to “The State of Retailing Online: Marketing, Social Commerce and Mobile Report,” online retailers with mobile strategies:
- Are investing in features that support the cross-channel experience. Product and price information, store information, and coupons to support the in-store experience are among the most popular features that retailers are offering consumers.
- Have varied level of investment. While respondents anticipated spending on average $170,000 on their mobile sites this year, large multichannel retailers are spending several times that amount, while smaller online pure plays on average are investing much less.
- Are experiencing modest gains. Retailers reported that their mobile browsers at this juncture are generating a little less than three percent of overall site traffic and just two percent of revenue.
From the consumer perspective, we uncovered in our latest consumer survey report, “Cross-Channel Commerce: The Consumer View,” that even though mobile commerce in still catching on with consumers, it is already an important part of the cross-channel shopping experience, with nearly a third of consumers using their mobile devices to browse or research products and services periodically.
It is evident the consumer is ready and increasingly interested in using mobile to make purchases, and it is great to see the majority of retailers strategizing and preparing for the tipping point of m-commerce.
“The State of Retailing Online: Marketing, Social Commerce and Mobile Report” is available to Shop.org members and can also be purchased directly at www.shop.org/soro.
Nina McIntyre
Robert Brazile
Bill Zujewski
Frank Lord
Ryan Hoppe
Kelly O’Neill
Damien Acheson
