Published: November 22, 2010
IDC Retail Insights Survey Reveals Mobile Shopping Warriors Will Account for 28% or $127 billion of Overall 2010 Holiday Spending
FRAMINGHAM, Mass. - (BUSINESS WIRE) - IDC
Retail Insights today announced the results of a new survey
revealing that mobile shopping "warriors" (hyper-connected individuals)
and mobile shopping "warrior wannabies" (moderately connected
individuals) will account for 28% or $127 billion of the $447 billion
the National Retail Federation (NRF)
predicts U.S. consumers will spend this holiday season. The survey was
designed to explore how consumers' growing comfort with mobile commerce
(m-commerce) and social media commerce (sm-commerce) will play out in
the 2010 holiday shopping season. According to results, m-commerce and
sm-commerce are giving consumers greater advantage as they engage
retailers on their own terms - even inside the store - within arm's
reach of merchandise at the moment of their buying decision.
"MSM-commerce introduces a new consumer shopping model which changes how
consumers shop, not simply when and where they shop, as
e-commerce has already enabled," said Greg
Girard, program director, Retail
Merchandise Strategies at IDC Retail Insights. "It is clear that
MSM-commerce already has an influence on consumers' perception of brand
value and their shopping intentions. We believe the retailers with
superior mobile and social media commerce strategies in place will have
a decided advantage."
As revealed in the survey, mobile shopping warriors and wannabies
represent the vanguard for the new age of m-commerce and, of particular
interest, results suggest that the early maturity adult audience is an
important part of this vanguard. Adults aged 25 to 44 years comprised
nearly two-thirds of the mobile shopping warrior group while they
comprised slightly less than half of consumers surveyed. In addition,
adults aged 45 to 54 years were the most inclined to use their mobile
information advantage; for example, asking for a better price to match
one they find on their mobile device while in the store.
For retailers, the impact of mobile shopping warriors will be
significant this holiday season as the survey reveals, across the board,
retailers' m-commerce competence greatly influences consumer perceptions
about the brand. Further, an easy-to-use mobile website significantly
influences consumers, across all age groups, on where to shop this
holiday season. Results also suggest that while the influence of social
media outlets on buying decisions is growing, retailers continue to
serve as the most important source of information on which consumers
make their final purchase decisions. As such, retailers who have met the
critical need for consumer-generated Web site content and easy-to-use
product information will have the advantage this holiday season.
Other key findings from the IDC Retail Insights survey include:
-
More than one third of smartphone-carrying consumers (who represent
24% of all U.S. consumers) are ready to use their mobile devices in
ways that transform how they shop everywhere and, in particular, how
they shop in retail stores.
-
New behaviors facilitated by mobility, all of which can take place in
stores, include searching for price and product information, checking
merchandise availability, and comparing prices at nearby stores,
browsing product reviews, and purchasing goods.
-
Consumers using multiple channels sequentially as they move from Web
to store will give way to concurrent omnichannel behaviors as
consumers bring their comfortable use of m-commerce with them into the
store. These new behaviors will exert pressures that weaken the
store's immediate influence on purchase decisions "at the shelf."
-
In general, social media doesn't have widespread influence on shopping
decisions but friends influence one another's shopping behavior on
social networks and sites that have earned consumer trust will
influence this behavior as well.
"Consumers' increased comfort with using their smartphones to go online
anywhere combined with their plans to use them more in the 2010 holiday
season signals the beginning of a significant shift away from the
capacity of the store channel to hold sway over consumers as they move
to a purchase decision," concluded Girard.
IDC Retail Insights surveyed more than 1000 U.S. consumers aged 19 years
and older in September 2010 to determine how consumers will use
MSM-commerce as they shop during the 2010 holiday season. The income and
demographic profiles of this sample are in line with the overall profile
of the U.S. consumer population. About 73 percent of those surveyed are
members of Facebook or other social networks and 68 percent own
smartphones.
Survey results will be available in a new IDC Retail Insights report, Outlook
for Mobile and Social Media Commerce in the 2010 Holiday Shopping Season,
to be published in early December.
Join the online conversations about the latest retail trends and
research at the IDC
Retail Insights Community.
For additional information about these new research initiatives, please
contact Sarah Murray at 781-794-3214 or sarahbethmurray@gmail.com.
Reports are available to qualified members of the media. For information
on purchasing reports, contact insights@idc.com;
reporters should email sarahbethmurray@gmail.com.
About IDC Retail Insights
IDC Retail Insights assists retail businesses and IT leaders, as well as
the suppliers who serve them, in making more effective technology
decisions by providing accurate, timely, and insightful fact-based
research and consulting services. Staffed by senior analysts with
decades of industry experience, our global research analyzes and advises
on business and technology issues facing the retail industry.
International Data Corporation (IDC) is the premier global provider of
market intelligence, advisory services, and events for the information
technology market. IDC is a subsidiary of IDG, the world's leading
technology, media, research, and events company. For more information,
please visit www.idc-ri.com,
email info@idc-ri.com, or call
508-935-4490. Visit the IDC Retail Insights Community at http://idc-insights-community.com/retail.

IDC
Mary Conroy, 508-988-6964
Marketing Director, Insights
mconroy@idc.com
or
IDC
Sarah
Murray, 781-794-3214
Public Relations
sarahbethmurray@gmail.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News