Monday, December 02, 2013

"Online Shopping Tops Brick-and-Mortar..." Am I Supposed to be Surprised?

According to survey conducted by Deloitte, online shopping for is set to become the number one choice for shoppers in the U.S. this holiday season (47% vs. department stores that slipped 7 percentage points to second place).  This year represents the first time in the survey’s 15 year history that the “Internet” has been ranked as the preferred shopping method over traditional brick-and-mortar stores (37% of respondents still preferred the latter alternative, however).  …Seriously?  What am I missing?  …37% of respondents still prefer to put their lives at risk to venture out in the wee hours of the morning to save $50 on a flatscreen television, rather than order it from home at the same price curled up on their sofa with a cup of hot cocoa? 
Deloitte’s survey also found that this year “there was a strong link between the acceleration of online shopping and rising smartphone use.” Nearly seven out of ten smartphone owners are expected to use their phone for holiday shopping, with “finding store locations” and “checking and comparing prices” being the top two uses. While 45 percent of consumers said they will use social media to assist with their holiday shopping.  On that last point, I’d probably have more appreciation for the fact if I had a better understand of the details – what “social media” are the respondents referring to?  It seems that almost all “real” news has evolved or is in the process of evolving into “social media.”  Or, maybe the quality of today’s news reports are written with such a poor command of the English language that all articles and postings pass as “social media.”  Alas, I digress…

According to an article published by the WSJ, over the last 6 years, e-commerce's share of Black Friday weekend sales have doubled to 40%! (Yes, I’ll admit it – the statistic actually impressed me.) So, you’d probably guess that brick-and-mortar stores might do something “fresh and new” to try and re-capture their piece of share? No way. It appears that management responsible for driving in-store sales at companies simply rolled over and played dead…I’m serious! According to the article above, the top tactic used to defend a loss in in-store sales was…drum roll, please…ramping up in-store promotions!  Isn’t there a better way to drive marketing spend online and brick-and-mortar? 

If some marketing *genius* has already thought of my next suggestion, puhleease don’t let me off easy here, but instead of Wal-Mart having people queue up to be the first to enter the store to get the best deal, why don’t they send consumers on a “scavenger hunt” of sorts?  For example, wouldn’t it be more *fun* to require the shopper to (i) “Like” the company on Facebook, (ii) Tweet the their followers and the company to say they were involved in the “scavenger hunt,” and (iii) …you get the point…before arriving at the store with “proof” of their activities?  Of course, all of the hard work would result in the “first five people to complete the challenge” walking away from the location with “[INSERT MOST PRIZED ITEM @ RIDICULOUSLY CHEAP PRICE].”  I’d love to know if such a campaign exists – it might actually get me to put down my hot cocoa and tear myself away from my sofa to participate in the “scavenger hunt.” Isn’t it true – everyone loves a good Easter egg hunt!?


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