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Unified Experience Key to Retail Survival

As retailers struggle under the weight of store closings in the brick-and-mortar world and profitability in the card-not-present world, new research shows 63 percent of consumers will shop more online and in store if retailers adopt a “preferred shopping experience.”

Of the key findings included in the report conducted by Morar Consulting for online payments provider Adyen, a unified experience that blends online and in-store facets is important to a significant majority of consumers. An overwhelming 86 percent want to go to the store to manage exchanges or returns of items purchased online. At the same time, 78 percent want to buy or reserve items online before they go to the store. More than half (53 percent) of shoppers expect virtual reality and augmented reality online showrooms to be the norm in five years. And a third said, in the next 12 months, they want the Amazon Go experience of walking out with an item that is automatically charged to an online account.

Despite the challenges, consumer demands of retailers are changing and how retailers react will dictate their survival, according to Roelant Prins, chief commercial officer at Adyen…

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From a very young age, Thomas has spent his time putting all he's learned about business, psychology, and leadership into effect and make an impact on the world. Now, he's helping SMBs and forward-thinking business owners understand the new digital business landscape, and how to leverage it to grow their operations faster using automation.

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