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Back to School Shopper Behavior Survey July 23, 2014

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Presentation on theme: "Back to School Shopper Behavior Survey July 23, 2014"— Presentation transcript:

1 Back to School Shopper Behavior Survey July 23, 2014

2 Baynote, Inc. © 2014 Confidential
Topics About the survey Key insights The details How we shop: key influencers Where we shop: channels How we use promotions The impact of social and mobile Top takeaways for the Back to School retailer 9/19/2018 Baynote, Inc. © 2014 Confidential

3 Baynote, Inc. © 2014 Confidential
About the survey WHAT? Measure back to school shopping behavior in order to help retailers deliver more effective merchandising techniques and shopping tools and to better understand the back to school shopper expectations, preferences and purchasing WHO? Baynote in cooperation with Lauren Freedman, the e-tailing group HOW? 1,000 respondents between July 7 and 14, 2014 60% female/40% male 100% owned smartphones 9/19/2018 Baynote, Inc. © 2014 Confidential

4 Baynote, Inc. © 2014 Confidential
Demographics 9/19/2018 Baynote, Inc. © 2014 Confidential

5 Demographics-doesn’t seem like a demographic
9/19/2018 Baynote, Inc. © 2014 Confidential

6 Baynote, Inc. © 2014 Confidential
Demographics 9/19/2018 Baynote, Inc. © 2014 Confidential

7 Key findings: how we shop
Shoppers select and cross channels for efficiency Many families make an effort to shop early and “get ahead of the game” Back to school is a family affair: parents collaborate and shop with students Favored purchasing, promotions and logistical choice increasingly involve mobile Content like school-supplied lists, student wish lists aid selection 9/19/2018 Baynote, Inc. © 2014 Confidential

8 Key findings: where we shop
Stores are the back to school favorite: online figures in more with older students Significant research (prior to in-store visits) is taking place via mobile devices Amazon has the unique ability to influence and impact shopping in all channels Social sees traction particularly among college families where Facebook is the powerhouse 9/19/2018 Baynote, Inc. © 2014 Confidential

9 Key findings: what influences us
Content like school supplies lists, student wish lists and product reviews make a big impact Typical or traditional marketing tools (list) still influence purchasing across channels Amazon and catalogs are key drivers across channels Smartphones are the tool of choice for accessing pricing promotions, finding stores, and researching items 9/19/2018 Baynote, Inc. © 2014 Confidential

10 How we shop: key influencers

11 Baynote, Inc. © 2014 Confidential
It’s a family affair: 7 in 10 shop together in store and most (56%) review lists before shopping Shopping together online scores points as well Q12 9/19/2018 Baynote, Inc. © 2014 Confidential

12 Content guides are popular: so are student wish lists
Q11 9/19/2018 Baynote, Inc. © 2014 Confidential

13 Key influencers change with student age
How influential are guides for outfitting your dorm room/tips for back to school efficiency when selecting a retailers where you ultimately purchase Very Influential Grade School High School College + Gap (College-Grade) College registries 14% 18% 28% Retailer checklists for college/dorms 17% 21% 26% 9% Guides for purchasing product 19% 22% 27% 8% Blogs with school experts 15% 23% Your student’s wish list 33% 40% 41% Product reviews 29% 31% 35% 6% School-supplied lists 67% 57% 55% -12% Q11 9/19/2018 Baynote, Inc. © 2014 Confidential

14 Amazon leads cross channel influencers
and paper catalogs get the attention of almost 40% of in store and online shoppers Q13/14 9/19/2018 Baynote, Inc. © 2014 Confidential

15 Where we shop: CHANNELS

16 Baynote, Inc. © 2014 Confidential
Physical stores still sacred ground for some yet online is important to 1 in 3 shoppers with mobile’s incremental growth Q10 9/19/2018 Baynote, Inc. © 2014 Confidential

17 Baynote, Inc. © 2014 Confidential
Shoppers will use every channel but appear to prefer single channel approaches Retail-only Online only 2+ channel choices involve more research prior to in store purchase or inventory lookup 2+ channels Online only Q9 9/19/2018 Baynote, Inc. © 2014 Confidential

18 Baynote, Inc. © 2014 Confidential
Grade school parents are more retail-centric while college families favor online shopping Channels Grade School High School College + Gap (College-Grade) Retail only shopping 1-Retail Only 70% 68% 54% -16% Buy online, ship to school 1-Online Only 9% 10% 17% 8% Buy online, ship to home/business 56% 53% 62% 6% Buy online, ship to store 2 Channels 24% 21% 29% 5% Retail visit, online purchase 2 channels 13% 14% 16% 3% Research online, purchase in-store 51% 0% Check for inventory prior to store visit 32% 27% 26% -6% Q9 9/19/2018 Baynote, Inc. © 2014 Confidential

19 How we use promotions

20 Promotions are core to B2S purchasing: clearance and buy one get one are seasonal standards
1 in 3 will “very likely” take advantage of channel-specific offers from unconditional free shipping to flash sales and store-only promotions Q8 9/19/2018 Baynote, Inc. © 2014 Confidential

21 Shoppers gravitate to promotions
promotions continue to drive buying while 1 in 2 shoppers taking advantage of clearance, web only and catalog promos 70%+ of shoppers are very/somewhat likely to tap into conditional free shipping offers with flash sales and social promotions moving up Q8 9/19/2018 Baynote, Inc. © 2014 Confidential

22 Social & Mobile impact

23 Social media is dominated by Facebook
Q15 9/19/2018 Baynote, Inc. © 2014 Confidential

24 Social traction greatest among college age families
Q. How often will you and/or your student use the following social media when completing back-to-school shopping? Grade School High School College + Gap (College-Grade) Flickr 25% 19% 42% 17% LinkedIn 22% 27% 37% 15% Twitter 32% 39% 46% 14% SnapChat 20% 26% 33% 13% Instagram 30% 35% 9% Pinterest 38% 47% 8% Google+ 41% 43% 49% Tumblr 5% Facebook 58% 57% 60% 2% Q13 9/19/2018 Baynote, Inc. © 2014 Confidential

25 Top (always/frequent) influencers in ONLINE purchases
Grade School High School College + Gap (College-Grade) Facebook 21% 25% 31% 10% Instagram 11% 16% Pinterest 17% 24% 8% Twitter 14% 18% 7% Google Searches with Available Product & Imagery 38% 33% 43% 5% Promotional Text Messaging from retailers 26% 29% Amazon 50% 49% 54% 4% Retailer’s eCommerce Sites 36% 3% Product Recommendations on eCommerce website 34% Promotion 41% 37% 2% Online Ratings 39% Mobile Advertising 23% 0% Paper Catalogs 42% Personalized and Customized Q13 9/19/2018 Baynote, Inc. © 2014 Confidential

26 Saving money and accessing information are core to smartphone usage
Q16 9/19/2018 Baynote, Inc. © 2014 Confidential

27 Researching products online across mobile devices dominates the curve
22% of college age parents vs. 18% grade school will use tablets for purchasing 26% of grade school vs. 22% of college families will use smartphones for purchasing Q17 9/19/2018 Baynote, Inc. © 2014 Confidential

28 Key takeaways for back to school retailers

29 Baynote, Inc. © 2014 Confidential
Shoppers are coming into your store – make sure stores are merchandised with the right promotions tailored to the whole family Provide content that helps your shopper explore, decide and at the older ages, share Shoppers are expecting a complete, consistent and relevant experience – online, in-store. Ensure logistics can support cross-channel behavior from in-store pickup to product locators. Shoppers want and seek promotions by channel – plan yours accordingly 9/19/2018 Baynote, Inc. © 2014 Confidential

30 Legal Disclaimer The contents of this document are copyrighted by Baynote, Inc.  Redistribution or reproduction is prohibited without express, written consent from Baynote. For written approval to redistribute or reproduce content included in this document, please contact 9/19/2018 Baynote, Inc. © 2014 Confidential


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