2023 Report - State of Shopper PDF

Document Details

BeneficentGallium

Uploaded by BeneficentGallium

University of National and World Economy

2023

Tags

product imagery e-commerce shopper trends retail

Summary

This report details the importance of product imagery in today's e-commerce landscape. It highlights consumer expectations for visual representation and how accurate imagery impacts retailer success. The report, from Nfinite, surveyed over 1000 US consumers in 2023 and found that clear, high-quality images are crucial for driving sales and building customer loyalty.

Full Transcript

Special Report: The state of the shopper in 2023 — imagery is key Understanding shoppers’ non-negotiables.app What matters to consumers? Consumers have an abundance of choice when it comes to e-commerce. Countless brands and retailers vie for consumer at...

Special Report: The state of the shopper in 2023 — imagery is key Understanding shoppers’ non-negotiables.app What matters to consumers? Consumers have an abundance of choice when it comes to e-commerce. Countless brands and retailers vie for consumer attention and share of wallet in the digital world. So what are the deciding factors in consumers choosing one retailer over another? What information inspires consumers to click “add to cart”? We set out to find out with a survey of more than 1,000 consumers in the United States.1 One thing is clear — product imagery matters, and as expectations continue to climb, consumers will reward those who meet them. 1 Methodology: In April 2023, Nfinite surveyed 1,074 consumers in the United States (37.5% male vs 62.5% female), to ask their opinions on product visuals and online shopping. Respondents ages ranged from 18-77..app Consumers have high expectations for product imagery They want images shown in context say a lifestyle image is more likely to capture their attention when 69% shopping online compared to a packshot They want images and experiences that inform are more likely to purchase an item 65% if they can see it from all angles are less likely to purchase a piece of furniture if there is no or limited 56% imagery available for the specific color/finish they want said they are more likely to purchase a piece of furniture if they can 50% visualize it in their space using the camera on their smartphone Our take: First, product imagery must engage shoppers. In addition, it must inform and educate shoppers so they feel comfortable making purchases. Retailers that provide a variety of imagery, including shots from different angles, context-rich imagery, and imagery that portrays all available product options, will not only stand out from the crowd — they’ll win business..app Consumers expect e-commerce images to accurately represent products They won’t keep products that don’t match imagery will return a product if the image online does 83% not match the actual product they receive And won’t stick around if there are discrepancies The vast majority of respondents (72%) told us they are less likely to shop on an e-commerce site again if the product they receive does not match the image depicted: 6% will not shop there again 26% are very unlikely to shop there again 40% are somewhat unlikely to shop there again In fact, they’ll pay more for the guarantee that they receive what they expected would be willing to pay more for a product if it were guaranteed that it would meet their 57% expectations for quality and appearance, based on the online representation Our take: Returns are a rising problem for retailers’ bottom lines, but the reason for this is more than meets the eye. Not only are retailers’ short-term profits affected by high return rates, but reputation and customer loyalty are also on the line. Customer lifetime value is at risk when product imagery is inaccurate. The solution? Retailers that offer accurate product imagery can secure lasting customer relationships while curbing return rates..app Why it matters It’s clear that quality product imagery is non-negotiable for today’s consumers – even more so for certain generations. Want to learn more about how you can keep up with increasing visual expectations? With Nfinite, you can automate your product description page imagery so you can give customers the confidence they need to make purchases — and stay loyal to your brand. Learn more.app

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