Almost 90% of consumers want a personalized and consistent experience in all channels. But only 59% of retailers are focused on giving it to them, according to The Changing Customer Experience, a study by BRP.
In addition, 68% of customers would choose stores that provide personalized promotions/discounts, according to a consumer survey by BRP. Yet 45% of retailers are now working on improving personalization in all channels.
Of the companies polled, 50% use transaction data and say it works well (versus 43% who use it but feel it needs improvement), and 5% don’t use it.
However, only 20% use online shopping information such as unique visits and are happy with the results. Another 41% utilize it but say they need improvement.
The report shows that 68% of marketers need to improve their ability to meet customer expectations, using insights on those shoppers.
Personalization also comes up short in How Retail Marketers Use Customer-Focused ID Management to Increase Satisfaction and Profitability, a report sponsored by eTail, WBR Insights and OneMarket.
Of the 100 retail professionals surveyed, 38% say their firms struggle to understand their customers because their technologies do not integrate first-party data.
Only 28% use ID management technology to improve personalization and consider it a core part of their business. But 30% say it’s a development part of their business.
Of those polled, 43% are onboarding offline CRM data as part of their ID management. But of those that are, only 40% are using it to send triggered emails.
And 51% each are using the data for customer insights and/or predictive modeling and website personalization. And 47% are utilizing it to get a deeper understanding of their customers.
Finally, only 5% say they can identify between 75% and 100% of their website visitors, while 25% say they can identify 51% to 75%.