Tag: retail industry

Retailers could be missing out on a major mobile commerce opportunity

Retailers may not be prepared for the mobile shopping holidays

The holidays are coming and retailers may be unprepared for the proverbial onslaught they will receive from mobile consumers. UniteU, a mobile commerce integrator, has released a new report concerning this problem, suggesting that retailers could face serious challenges when it comes to serving mobile consumers through their websites. The report measures site speeds and their capability to support mobile shopping. UniteU has found that many retailers, including multi-billion-dollar organizations, could fall short of satisfying mobile shoppers during the 2014 holiday season.

Mobile commerce has been performing well during the holiday season

The holidays are an important time for the retail industry. Black Friday is the most active shopping day of the year and serves as an opportunity for retailers to recover from losses they saw earlier in the year. Over the past few years, retailers have been putting a greater focus on mobile commerce, taking note of the growing prominence of mobile shoppers and how much these consumers are spending on products. Several retailers have created mobile websites to accommodate these consumers, but few of these sites are able to serve consumers like they should.

Retailers lack the mobile websites needed to engage consumers effectively

Retail Mobile CommerceThe report shows that many of the retail sites available to consumers are not optimized for mobile devices. This can provide a poor shopping experience for mobile consumers. The majority of mobile payments currently comes from smartphones, which do not use traditional web browsers. Mobile web browsers have trouble deciphering the coding used to make retail websites, so if these sites are not optimized for mobile devices, mobile consumers have trouble using them.

Without optimized mobile websites, retailers could miss out on a significant opportunity

A recent report from Forrester Research suggests that some $26 billion in mobile payments will be processed by the end of this year. The majority of this money is likely to be processed during the holiday season. If retailers cannot optimize their mobile websites by then, they could be missing out on a major opportunity.

Mobile Commerce Index report for August released by Branding Brand

Branding Brand releases its latest report for August 2014

Branding Brand has released its latest monthly Mobile Commerce Index report for August. The report highlights a “mobile tipping point” wherein retailers are beginning to see more activity from tablets and smartphones than from traditional desktop computers. Mobile commerce has become a powerful force in the retail industry and many companies are taking steps to engage mobile consumers more effectively. Mobile engagement strategies are proving to be quite effective and consumers have, thus far, been responding well to the outreach coming from retailers.

Mobile traffic to retail websites has increased significantly

According to the report from Branding Brand, mobile devices have generated 51% of all retail website visits in August. This is a significant increase from the mobile traffic reported by retailers in 2010, which came in at approximately 4%. More consumers are using their mobile devices to shop online, using the resources that have been provided by retailers to do so. Shopping apps have proven to be quite popular among consumers, especially those making daily commutes to and from work.

Consumers are beginning to expect mobile-centric services from the retailers that they support

Mobile Commerce reportThe report suggests that there has been a fundamental shift in consumer behavior. E-commerce has become a major interest among consumers and commerce, in general, has begun to evolve with the advent of mobile technology. Many people are beginning to use their mobile devices to shop online on a daily basis and this has changed the expectations that consumers have when it comes to the retail sector. Many people now expect retailers to have some significant mobile presence as well as provide mobile-centric services.

E-commerce is still dominated by traditional desktop and laptop computers

The report shows that e-commerce is still dominated by traditional desktop and laptop computers. In August, approximately 70% of e-commerce purchases were made from such systems. These platforms remain ideal shopping portals for consumers, but many people are becoming more comfortable with the concept of mobile commerce. In the future, smartphones and tablets may replace desktop and laptop computers as the favored e-commerce platform.