Retailers with a strong online presence and personalization program have reason to be happy.
According to a new survey of over 800 U.S. and U.K. consumers from personalization software provider Qubit, 44% of respondents are shopping online more now than in 2019. One in four respondents do more than 90% of their shopping online.
As consumers shop more online, they also show signs of wavering brand loyalty. Close to half (46%) of respondents say they are less loyal to the brands they love, and 37% are shopping with more brands than they did in 2019. However, the survey indicates brands have an opportunity to obtain competitive advantage with personalization.
For example, 52% of respondents recognize that brands are personalizing, and two in three expect personalized experiences once they have shopped with a brand. Seven in 10 respondents would share preference data with brands for a more personalized experience.
The survey also examined consumer attitudes toward COVID-19, finding:
• Two in three respondents have increased online shopping during the pandemic;
• 35% of respondents say they will shop online more than they did before the outbreak; but,
• only 28% of respondents feel uncomfortable about returning to stores.
Retail verticals seeing the biggest boost in e-commerce spend during the pandemic have been grocery (51.5%), fashion (42%), and beauty (34%).