Transcript
Page 1: The Promiscuous Shopper - Shopper behaviours in 2014

PROMISCUOUS SHOPPER 2013 saw our rise from the recessionary ashes but Shoppers did not feel

the love and continued to watch their pennies. Our 2014 Shopper Barometer study shows the extent to which behaviours have changed forever with Shoppers actively spreading their purse for maximum choice and savings.

The

The Shopper Barometer study was conducted in December 2013 with 1,200 primary household shoppers.

For further information please contact Shelley Watson, Head of Shopper & Retail T: 01865 336 400 E: [email protected]

Data courtesy of SPA Future Thinking

www.spafuturethinking.com

TheShopperBarometer innovation intelligence inspiration

Grocery Shoppers visit 7 stores/websites

per month (vs. 5.6 in 2013)

49% have a few favourite stores, from which they make most of their purchases

25% buy most items at mainstream outlets but save on the basics by visiting discounters

26% use a wide variety of outlets to ensure they get the best all round deal and value

2.3 (2.1)

Supermarkets

1.9 (1.6)

Discounters

1.2 (0.9)

Convenience

0.9 (0.5) Online

0.4

Forecourt

The Shopper has travelled far in the past 5 years and optimism about the UK economy is starting to bloom, with the first increase we’ve seen in positivity for 5 years!

68% say they are still making positive changes

20% of Shoppers feeling positive about the UK economy

53% say they will never revert to pre recession behaviours

Entertainment35% 41%

Clothes58% 66%

Eating Out68% 72%

Holidays43% 47%

Colour indicates movement since 2013

Personal Luxuries

68% 65%Groceries57% 56%

Move from active to selective money saving

Shopping around for value is still prevalent with 38% of Shoppers actively varying channels for best value

Regularly use a discounter store 58%-4%

Use pound shops for specifics 45%-11%

Emails from retailers 24%-3%

Use flyers / leaflets for best deals 41%-1%

Special deals on retailer websites 42%+4%

Sharing tips (WOM) 30%-3%

Mov

emen

t si

nce

2013

Price comparison websites 23%+3%

Money saving techniques are still top of mind with 92% being very aware of cash flow vs spend

Using money off coupons 54%+4%

Varying repertoireof stores 27%+9%

Switching brands for a good deal 23%+9%

Mov

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2013

But actual spend is allowed to flex more and % main shop on deal has declined

59%

Almost 2/3 are spending more than they expect on their weekly grocery shop

(50% in 2013)

32% of Shoppers are buying over 1/3 of their shop on deal

compared to 43% in 2013

Mortgage / Rent 32%

Food / Grocery 22%

Insurance 20%

Healthcare 20%

Holidays 13%

Car 10%

+4%

-1%

-3%

+6%

+1%

-1%

Mov

emen

t si

nce

2013

There are still areas of protected spend where Shoppers would never consider cutting back

74% Willing to spend more on products that will last longer68% Value is more important than price50% Willing to spend more for brands that = quality49% Own Label is just as good as a brand

31% Spend on brands to feel good25% Spend on brands to be cutting edge

30% Spend on brands that define “me”

Value

Quality

But it’s always a balancing act...

Retailer perceptions are varied... Top 3 for each supermarket

Good quality

Lots of brands

Easy to shop

Always low prices

Good range

Good value for money

A whopping 98% shop

online

But just 10%

buy their groceries

online

Barriers to online grocery purchase Trust (47%) Delivery incovenience (21%) Reading product labels (23%)

Just 18% regularly buy via an app (17%)

Apps are not yet gaining momentum

16% use an app to research (16%) 7% use social media to seek advice (9%)

5% compare prices online (0%) (2013 figures)

While in store...

brands & products on social media

31% ‘like’

61% read brand and product reviews online

21% write brand and products online

The immersive nature of digital, it’s a natural part of everyday life...

The clear winners of mobile shopper

apps are

No matter how we’re shopping or what we’re buying, we still love a loyalty card...

96% own at least 1 of the top 3 loyalty cards

80%(76%)

77%(76%)

67%(62%)

...but which benefits are truly valued?

Poin

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can

red

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for

cash

val

ue

A vo

uche

r to

red

eem

in s

tore

% d

isco

unt

on m

y sh

oppi

ng

Cash

bac

k

Inst

ant

disc

ount

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sp

ecifi

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oduc

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48%52%64%70%74%

Personalisation and tailored offering scores well with

Shoppers.

Cash is king and point are valuable

At least 1 in 3 are prepared to pay more for super premium products when it comes to tech gadgets, home appliances and holidays

Holidays / Travel33%

Home appliances40%

Tech gadgets45%

Even in recovery there is room for luxuries, as long as they are

worth the cost

Consumer confidence is recovering,

but behaviours are changed permanently

Selective choices using more channels &

retailers is the key to saving money

A personal and balanced approach to spending vs

saving is evident

Mobile price searching whilst

in store is coming through although ease of app use is

a major barrier

A slow return to brand purchase

is evident in some categories

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