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A closer look at how consumers shop reveals distinct behavioral segments with implications for manufacturers and retailers 33 % 9 % 15 % 21 % 23 % Convenience shopping Online shopping Mono-brand shopping Experience driven shopping Multi-brand shopping Journey frequency Oliver Wyman Fall 2017 Apparel Consumer Survey - Sample Size = 1,500 USA apparel consumers, September 2017 SHOP Understanding the Shopping Journeys in Apparel

Understanding the Shopping - Oliver Wyman · APPAREL TYPE ONLINE SHOPPING Online shopping journeys have the most stops and take the longest time to complete, but when they occur they

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Page 1: Understanding the Shopping - Oliver Wyman · APPAREL TYPE ONLINE SHOPPING Online shopping journeys have the most stops and take the longest time to complete, but when they occur they

A closer look at how consumers shop reveals distinct behavioral segments with implications for manufacturers and retailers

33% 9%15%21%23%

Convenienceshopping

Onlineshopping

Mono-brand shopping

Experiencedriven shopping

Multi-brandshopping

Journey frequency

Oliver Wyman Fall 2017 Apparel Consumer Survey - Sample Size = 1,500 USA apparel consumers, September 2017

SHOP

Understanding the Shopping Journeys in Apparel

Page 2: Understanding the Shopping - Oliver Wyman · APPAREL TYPE ONLINE SHOPPING Online shopping journeys have the most stops and take the longest time to complete, but when they occur they

JOURNEY FREQUENCY

33%

PURCHASE SIZE AND SPEND

Moderate

Moderate

Purchase spend

Number of items purchased

TYPICAL CUSTOMER PROFILE

18

Age

56+

Income

Low<$20K

High$200K +

APPAREL TYPE

Fashion

Athletic

Basics

MULTI-BRAND SHOPPING

Multi-brand shopping journeys are highly driven by a particular shopping / item need, and often take place in department stores as consumers look for an easy way to look at multiple items side by side

Oliver Wyman Fall 2017 Apparel Consumer Survey - Sample Size = 1,500 USA apparel consumers, September 2017

PURCHASING APPROACH

Of multi-brand shopping journeys include only in-store stops, with no online browsing

83%

Stay within stores

Of shopping trips

Page 3: Understanding the Shopping - Oliver Wyman · APPAREL TYPE ONLINE SHOPPING Online shopping journeys have the most stops and take the longest time to complete, but when they occur they

JOURNEY FREQUENCY

23%

PURCHASE SIZE AND SPEND

APPAREL TYPE

CONVENIENCE SHOPPING

Convenience shopping journeys are the quickest of all shopping journeys, with 76% taking less than an hour from start to finish and often take place within mass discount retailers

Oliver Wyman Fall 2017 Apparel Consumer Survey - Sample Size = 1,500 USA apparel consumers, September 2017

Of convenience shopping journeys include only in-store stops, with no online browsing

94%

Of shopping trips

18

Age

56+

Income

Low<$20K

High$200K +

PURCHASING APPROACH

Stay within stores

Fashion

Athletic

Basics

Large

Low

Purchase spend

Number of items purchased

TYPICAL CUSTOMER PROFILE

Page 4: Understanding the Shopping - Oliver Wyman · APPAREL TYPE ONLINE SHOPPING Online shopping journeys have the most stops and take the longest time to complete, but when they occur they

JOURNEY FREQUENCY

Of online shopping journeys are online only, with no in-store browsing

21%

PURCHASE SIZE AND SPEND

APPAREL TYPE

ONLINE SHOPPING

Online shopping journeys have the most stops and take the longest time to complete, but when they occur they are high value

Oliver Wyman Fall 2017 Apparel Consumer Survey - Sample Size = 1,500 USA apparel consumers, September 2017

78%

Onlineonly

Of shopping trips

18

Age

56+

Income

Low<$20K

High$200K +

PURCHASING APPROACH

Fashion

Athletic

Basics

Moderate

High

Purchase spend

Number of items purchased

TYPICAL CUSTOMER PROFILE

Page 5: Understanding the Shopping - Oliver Wyman · APPAREL TYPE ONLINE SHOPPING Online shopping journeys have the most stops and take the longest time to complete, but when they occur they

JOURNEY FREQUENCY

Of mono-brand shopping journeys include only in-store stops, with no online browsing

77%

15%

PURCHASE SIZE AND SPEND

APPAREL TYPE

MONO-BRAND SHOPPING

Mono-brand shopping journeys are most common for young shoppers seeking out a particular fashion or athletic brand that they perceive as high-quality

Oliver Wyman Fall 2017 Apparel Consumer Survey - Sample Size = 1,500 USA apparel consumers, September 2017

Stay within stores

Of shopping trips

18

Age

56+

Income

Low<$20K

PURCHASING APPROACH

Large

High

Purchase spend

Number of items purchased

Fashion

Athletic

Basics

High$200K +

TYPICAL CUSTOMER PROFILE

Page 6: Understanding the Shopping - Oliver Wyman · APPAREL TYPE ONLINE SHOPPING Online shopping journeys have the most stops and take the longest time to complete, but when they occur they

JOURNEY FREQUENCY

Of experience driven shopping journeys include only in-store stops, with no online browsing

9%

PURCHASE SIZE AND SPEND

APPAREL TYPE

EXPERIENCE DRIVEN SHOPPING

The rarest of all journey types, experience driven shopping journeys are most common for consumers who love shopping and seek out a one-stop shop for their shopping needs based on the experience, price point, and o�er

94%

Oliver Wyman Fall 2017 Apparel Consumer Survey - Sample Size = 1,500 USA apparel consumers, September 2017

Stay within stores

SHOP

Of shopping trips

18

Age

56+

Income

Low<$20K

High$200K +

PURCHASING APPROACH

Small

Moderate

Purchase spend

Number of items purchased

Fashion

Athletic

Basics

TYPICAL CUSTOMER PROFILE