Showing the power of mobile, consumers are beginning to use their mobile devices exclusively for their retail shopping and research needs - xAd VP of Marketing Monica Ho
NEW YORK and TORONTO (PRWEB) May 22, 2013
With more than 1 out of 3 mobile retail shoppers exclusively tapping their device to research purchases, mobile is becoming a de facto retail shopping tool according to new retail insights released today from xAd, a leading mobile-location based advertising network, and Telmetrics, the top mobile call measurement provider. In addition, one-third of consumer’s online shopping time is now spent on smartphones and tablets. The ongoing xAd/Telmetrics U.S. Mobile Path-to-Purchase Study conducted by Nielsen also revealed that showrooming is not prevalent, with 77 percent of smartphone retail shoppers ultimately making their purchases in-store versus going online to try and find a cheaper price.
“Showing the power of mobile, consumers are beginning to use their mobile devices exclusively for their retail shopping and research needs,” said Monica Ho, vice president of marketing, xAd. “As a result, both online and brick and mortar retailers must understand how to integrate this fast growing media into their overall marketing spend with the right message, at the right time to the right customer.”
Most Mobile Retail Searchers Convert; Many Within the Hour
More than half (55 percent) of mobile retail shoppers ultimately make a purchase, and immediacy is important with over 30 percent of smartphone users and 25 percent of tablet users intending to make a purchase within an hour. Tablet shoppers, however, generally have longer purchase cycles with deeper research intent as 41 percent take a month or longer to make a purchase.
Mobile Showrooming Overhyped
As only 6 percent of smartphone users conducted their most recent mobile retail search in-store and 77 percent complete their purchases in-store, the findings indicate the premise of mobile showrooming is overstated for the overall retail category. Select categories of shoppers slightly over-index on their in-store mobile retail research including Electronics (7.1%), Groceries (6.7%) and Home Goods (6.6%) while only 4.7 percent of Apparel, Drug and Beauty Goods shoppers search their devices in-store. Mobile shoppers are in fact using their devices for comparison-shopping before and after an in-store visit with 50 percent of mobile users beginning their retail shopping on mobile and 1 out of 4 mobile shoppers leveraging their device throughout the purchase process.
Location Paramount for Smartphone Shoppers While Tablet Shoppers Search for Promotions
Smartphone and tablet shoppers exhibit different research intent with smartphone users considering location most important while coupons/offers (21 percent) and reviews (18 percent) are top of mind for tablet users. The research also indicates:
- The majority of smartphone users expect retailers to be within five miles of their location (57 percent);
- 1 out of 4 smartphone users consider proximity of the retail business location the most important factor when looking for information via mobile device; and
- Contact information is a critical need for smartphone users with more than 1 out of 3 shoppers looking specifically for retailer details such as a phone number.
“Our retail findings confirm that shoppers are demanding locally relevant business information when making a retail purchase decision,” said Bill Dinan, president of Telmetrics. “With more mobile shoppers using mobile exclusively and throughout their online shopping experience, marketers must ensure campaigns include local info and timely promotions to help convert the nearly 60 percent of consumers that are undecided.”
About the Study
The behavioral data is part of a greater study, which is the first to measure what consumers report they are doing via mobile devices and capture their actual preferences and behaviors across the Retail, Gas/Convenience, Banking/Finance and Insurance categories. Results from the 2nd Annual U.S. Mobile Path-to-Purchase Study are based on data from an online survey of 2,000 U.S. smartphone and tablet users and actual observed consumer behaviors from Nielsen’s Smartphone Analytics Panel of 6,000 Apple and Android users. The study will also include three additional releases of specific market findings for the Banking/Finance, Gas/Convenience and Insurance categories.
More details and a complete report on the study are available at mobilepathtopurchase.com
Founded in 2009, xAd is one of the largest mobile advertising networks in the U.S. and the leader in delivering targeted mobile ads based on accurate user location and search context. Across its network, the company aggregates and manages billions of monthly ad impressions from which it derives the largest supply of location-based advertising inventory in the market. xAd delivers targeted mobile location@scale for over a million national and local advertisers, including brands like Pinkberry, Home Depot and Wells Fargo.
xAd is based in New York City with several satellite offices across the U.S. and internationally. For more information, visit http://www.xAd.com.
About Telmetrics, Inc.
For more than 20 years, Telmetrics has been the call measurement industry leader. Telmetrics’ call tracking solutions, which are available in North America and across Europe, track the lead generation quality of local search advertising and pay per call programs for the leading brands in local search. This includes both publishers and agencies that serve millions of SMBs and national franchise locations across North America and Europe. With greater visibility into advertising performance across all media channels—digital, mobile, print and more—media publishers, agencies and advertisers can optimize the media mix for higher quality lead generation, resulting in increased revenues and a more complete picture of ROI across converging media. For more information, visit Telmetrics.com.