Cracking the Omni-Channel code!
Santa is up for ‘Tis the season – You?
The stockings are yet to be hung, jack-o'-lantern is coming near and so are the consumers ready to purchase online.
E-Commerce retailers have made their holiday calendars and getting ready for ‘Tis the season!
Commerce Monks dig deep into unveiling the E-Commerce and Holiday season secrets!
Country
Year On Year Sales in Bn $
2011 2012 2013
US Holiday E-Commerce Sales
$46.60 $53.70 $61.80
UK Holiday E-Commerce Sales
$24.30 $28.50 $32.10
Australia Holiday E-Commerce Sales
$9.20 $11.60 $13.30
(Sources: emarketer, IBMR & Capgemini, IBM and Paypal Australia)
So, what are the best holidays when you can expect a boost in sales for 2013?
E-Commerce stores make 20-40% of their annual sales in November and December.
The graph below shows us the weekly sales breakdown in the holiday seasons of 2011 and 2012 in the US
(the last 9 weeks of the year as the holiday season) and also sales figures from certain holidays
2011
2012
- $8,000
- $7,000
- $6,000
- $5,000
- $4,000
- $3,000
- $2,000
- $1,000
- $0
- Week 1 (Nov. 4)
- Week 2 (Nov. 11)
- Week 3 (Nov. 18)
- Week 4 (Nov. 25)
- Week 5 (Dec. 2)
- Week 6 (Dec. 9)
- Week 7 (Dec. 16)
- Week 8 (Dec. 23)
- Week 9 (Dec. 30)
- 22 Nov. Thanksgiving $633 M
- 23 Nov. Black Friday $1,042 M
- 24-25 Nov. Weekend $1,187 M
- 26 Nov. Cyber Monday $1,465 M
- 10 Dec. Green Monday $1,275 M
- 17 Dec. Free Shipping Day $1,013 M
- 25 Dec. Christmas Day $288 M
(Source: Comscore)
Cyber Monday is the busiest online shopping day in the US and UK, Click Frenzy is the biggest shopping day in Australia
(Sources: Comscore and IBM)This holiday calendar shows the corresponding high selling days for 2013.
November
- Sun
- Mon
- Tue
- Wed
- Thu
- Fri
- Sat
December
- Sun
- Mon
- Tue
- Wed
- Thu
- Fri
- Sat
- 1
1
Weekend - 2
2
Cyber
Monday - 3
- 4
- 5
- 6
- 7
- 8
- 9
9
Green
Monday - 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
18 Free
Shipping
Day - 19
- 20
- 21
- 22
- 23
- 24
24
Christmas
Eve - 25
- 26
26
Boxing
Day - 27
- 28
- 29
- 30
- 31
Which are the most valuable
marketing channels for
E-Commerce Merchants
Marketers rated the value of the following marketing channels on a
scale of 1-10 in Multi Channel Merchant's E-Commerce survey
2013
2012
Which could be the most successful promotional tactics of 2013 Holiday Season?
In 2012 for US Marketers, following were the most successful promotional tactics
(Source: Prosper Insights and Analytics)To Deal with Omni-Channel retail, marketers need to create a “system of engagement” across channels
System of engagement:
Coordinates all decisions across all channels to create an engaging relationship with each customer and prospect.
- Social
- Search
- Display ad
- Web
- Mobile
- ATM/kiosk
- Phone
- Branch
- POS
-
1
Online Display, Email and Print will be the top 3 promotional channels used by merchants. ( Source:Experian)
-
2
84% marketers worldwide consider consistent customer experience across all E-Commerce channels as very important. ( Source: Retail Systems Research)
-
3
80% consider inventory visibility across all E-Commerce channels to be very important. ( Source: Retail Systems Research)
-
4
Mobile purchases will account for 16% of sales, with a value of $41.68 billion in 2013 and that said, merchants will focus on Mobile commerce, In-store mobile and mobile point of sale systems. ( Source:Emarketer)
-
5
88% of marketers plan to integrate social tactics into shopping experience this holiday season! ( Source:Experian)
-
6
About 33% of the sampled E-Commerce site visits in Q2 came from search.
( Source:Monetate)
E-Commerce Holiday Season Checklist for 2013
E-Commerce Holiday Season Checklist for 2013
Key Takeaway
-
Mobile Commerce is rising and will continue to rise for 2013 holiday season.
-
Social Media is booming and with that merchants will plan for more contests and campaigns in 2013.
-
Superior Omni-Channel customer experience will be the key.
-
Holiday sales will outperform the overall annual sales growth.
-
Free Shipping, Coupons and Easy Checkout will lure the customers for the coming two months.
-
More stores will focus on speedy order fulfilment and alternative payment options.