Over half of all general merchandise retail sales will be
influenced by the internet this Christmas, according to business
advisory firm Deloitte. The firm's latest multichannel research,
published this week in the Deloitte Consumer Review, predicts that
the internet will influence around £9bn of non-food sales
across the UK over the festive period.
However, in the East Midlands, 79% of purchases (by volume) are
still made by physically visiting stores - an even greater
percentage than the national average of 72%. Just 13% of items in
the region are now purchased directly online, tracking just below
the national average of 16%.
Multichannel transactions - where consumers interact with
retailers across a number of touch points including stores, online,
social media, peer reviews and smartphone or tablet apps -
currently account for 8% of all purchases in the East Midlands
(just two-thirds the national average of 12%). Forty eight per cent
of East Midlands consumers shop online, with 46% using price
comparison websites and 25% using review forums to research
products prior to purchase.
Vijay Thakrar, Partner at Deloitte Nottingham, comments:
"Consumers have embraced digital media and are increasingly
confident about interacting and transacting online. With trust in
traditional sources of influence decreasing, they are turning to
their peers or communities online for advice and to share
information and opinions. Furthermore, the current economic climate
is accelerating the rate at which consumers are adopting digital
behaviours as they rebalance their spending and turn to digital
solutions to seek out savings and value.
"However, regional breakdowns still show a loyalty to local
retail destinations and experiential shopping. Big ticket items,
such as furniture and high-end fashion, are most likely to be
multichannel as consumers carefully research the market place
before purchase. The influence of online will continue to grow but
physical stores will remain an essential part of retail. I think we
will eventually see the emergence of a more seamless experience for
consumers, with smart devices accessing a 'personal cloud' that
enables the organising, synchronising and sharing of information
with friends, family and favourite companies."
Jo Tallack, general manager of Highcross Leicester, comments "We
recognise that online provides a convenient way to make day-to-day
purchases but it is no substitute for shopping as a leisure
pursuit. Many people shop as a pleasurable pastime and centres such
as Highcross provide a great destination for people to shop, dine
and socialise with friends and family. This is shown by the growth
of our restaurant offer (in double-digit growth this year) and
Cinema De Lux.
"Christmas is a particularly special time of year to participate
in the shopping experience. At Highcross, we have a Grotto and
local choirs to provide a festive atmosphere, something that online
shopping cannot replicate."