Brick & Mortar is the dominant format.
In-store vs. Online Not quite the battle you might think.
Brick & Mortar is the dominant format.
78% OF CONSUMERS PREFER TO SHOP IN-STORE.
Consumers purchase at online retail websites an average of 2.2 times
per month.
54 MIN
38 MIN
$1,710 $247
In 2013, online retail sales totaled $263 billion, which accounts for 6% of total retail sales.
Average time spent in a brick-andmortar store
Average time spent on a single retail website
Consumers purchase at shopping centers an
average of 7.5 times per month.
73%
want to try on or touch merchandise before they make a purchase.
Consumers spend significantly more per month
in a physical store than online.
Consumers indicated that online accounts for just 13% of their retail
purchases.
On the surface... E-commerce growth outpaced in-store growth, nearly 5 to 1.
17%
E-COMMERCE
3.5%
IN-STORE
In-store sales totaled $4.3 trillion, which accounts for 94% of total retail sales.
Source: U.S. Census Bureau
87% of their purchases are at shopping centers.
$38 Billion
$144 Billion
But if you look deeper... Dramatic growth rates are easier to achieve when calculated off a small base--17% growth for e-commerce only accounts for $38 billion, while in-store growth of 3.5% equals $144 billion.
What I Want, Where, and When I Want It. Consumers are blurring the boundaries between
online and in-store purchases. Omni-channel retailing is actually an enhancement to brick-and-mortar stores.
48%
37%
35%
of consumers have ordered online and
picked up their purchase in-store.
of consumers use the internet to
locate or research items, but prefer to make purchases
in-store.
of consumers have ordered online and returned their purchase in-store.
1 in 20 consumers
make a purchase after browsing an online store
1 in 5 consumers
make a purchase after
browsing a physical store
Omni-channel produces higher net sales - online retailers with direct delivery/returns only receive a 77% net sale. Retailers that provide an in-store return option from online purchases can expect a 95% net sale.
In-store re
23% Return Rate
23% Return Rate
18% in-store purchase during
return visit
ect delivery rect delivery
In-store purc turn
Online retu
hase
Di
r n
Dir
= 77% Net Sale
= 95% Net Sale
Source: Shop Visible
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