Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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55% luxury spending now experiential purchases: BCG - Luxury Daily - Research

55% luxury spending now experiential purchases: BCG - Luxury Daily - Research | Public Relations & Social Marketing Insight | Scoop.it
Luxury in the form of premium experiences are seeing the most action in terms of spending, while high-end goods are lagging in comparison, according to new findings from a study by Boston Consulting Group.

The key finding of BCG’s Luxe Redux report is that there has been a shift in spending habits, where 55 percent of spending comes from luxury experiences rather physical goods. In addition, experiential luxury purchases grew 50 percent faster worldwide year over year than sales of luxury goods.
Jeff Domansky's insight:

There's a great quote in this article from Jean-Marc Bellaiche: “The industry has moved from ‘to have’ to ‘to be,’” he said. “To have or to own or to buy a product is now to be and to experience service and we believe that is a big trend." Marketers take note.

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Mobile and Social Shopping Trends HUGE For 2014 Holidays

Mobile and Social Shopping Trends HUGE For 2014 Holidays | Public Relations & Social Marketing Insight | Scoop.it

The holidays are almost upon us, and recent surveys confirm what many business owners have suspected: social commerce, and the use of mobile channels, is increasing and will have a huge impact on 2014 holiday shopping behaviors. The shift toward social shopping highlights trends that impact both business-to-consumer and business-to-business (B2B) purchasing.


As reported by MarketingLand, mobile and social channels will play a significant role in holiday shopping this year. In an online survey of 1,000 smartphone owners, sponsored by MarketLive.com, one in three shoppers stated they plan to make more than 50 percent of purchases via mobile devices. Thirty percent of respondents reported having made a purchase as a direct result of “engagement with a social networking site” within the past year. This is up from 18 percent the previous year.


And, as consumers become increasingly web and mobile-savvy, and vocal in their online reviews of their likes and dislikes, we will begin to see what some are describing as the “consumerization” of business-to-business purchasing behavior. So, while not all consumer shopping activities translate to the B2B purchasing model, many do....

Jeff Domansky's insight:

Attention mobile shoppers. Research says you'll be spending big time on your smartphone this holiday season.

Marco Favero's curator insight, November 14, 2014 3:16 AM

aggiungi la tua intuizione ...

Amanda Nadon-Langlois's curator insight, November 14, 2014 9:11 AM

Online shopping is forever growing. Businesses should consider making this available for their consumers.

sharon lewis's curator insight, December 26, 2014 8:22 AM

How many of your own holiday purchases were made on a mobile  device this season? 

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In-Store Mobile Shoppers: 30% Compare Prices, 27% Look for Sales, Coupons

In-Store Mobile Shoppers: 30% Compare Prices, 27% Look for Sales, Coupons | Public Relations & Social Marketing Insight | Scoop.it

Before even going to the store, one in three shoppers plan to tap into their phone to check prices, based on a new survey of 1,000 U.S. adults conducted by Google Consumer Surveys for Thinknear.


Before the holiday shopping trip, consumers expect to use their mobile phone for a range of activities.


They include:

  • 32% -- Price comparisons
  • 31% -- Research gift ideas
  • 27% -- Research product reviews
  • 25% -- Look for coupons, sales
  • 22% -- Make a shopping list....
Jeff Domansky's insight:

Not only do consumers shop online but they demand deals. Valuable marketing insight for retailers in this study.

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Five mobile shoppers to watch

Five mobile shoppers to watch | Public Relations & Social Marketing Insight | Scoop.it

Aimia has released a report on mobile shoppers, from those who routinely use devices for research (Exploiters) to those who are more influenced by in-store experiences (Traditionalists).


Mobile-assisted shoppers (or m-shoppers) are a relatively new species in the retail jungle: 21% of today’s consumers use mobile devices in stores to assist with their shopping, according to a new report from loyalty management company Aimia.


The study, which surveyed 3,000 consumers in Canada, the U.S. and the U.K., reveals five groups of shoppers who use mobile in varying degrees when it comes to making purchase decisions online and in-store. Below is a snapshot of who these mobile-savvy consumers are, what makes them tick and the implications for retailers...

Jeff Domansky's insight:

Valuable research on mobile shopping trends and consumers for content marketing, PR and Marketing pros.

malek's curator insight, October 18, 2013 7:35 AM

Five mobile shoppers to watch in this busy retail season in Canada.

Note that the die-hard retail outlet fans (traditionalist) represent more than 40% in the test result. They still use mobile to collect info or ASK for advice (mobile, social media Combo).

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Research: 4 Cs Driving Mobile Search, Shopping & Buying

Research: 4 Cs Driving Mobile Search, Shopping & Buying | Public Relations & Social Marketing Insight | Scoop.it

According to comScore, smartphone penetration has reached 72% of mobile market penetratiog.


Mobile devices have become an inseparable part of our everyday shopping lives — whether looking at reviews, checking a price or better understanding product features.


Like a snowball rolling down a hill, mobile commerce (m-commerce) will only gain momentum, both through device adoption and the services that retailers and technology makers put behind m-commerce.


At Bing Ads, we see the evolution to m-commerce balancing on four key elements....

Jeff Domansky's insight:

Mobile is driving the evolution of shopping behaviors. John Cosley explores how marketers can meet consumer needs and win customers.

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91% of shoppers to make mobile purchase this holiday

91% of shoppers to make mobile purchase this holiday | Public Relations & Social Marketing Insight | Scoop.it

Mobile apps are expected to drive holiday sales as increasing numbers of shoppers expect to make purchases on a mobile app.


In fact, 54 percent of app users plan to do at least half of their holiday shopping on a mobile app, via smartphone or tablet, according to new data from Artisan Research.


In a survey of 500 consumers, 94 percent of respondents strongly agreed or agreed that they are purchasing and browsing products on apps more than ever before, and 91 percent intend to buy items from a mobile device this holiday season....

Jeff Domansky's insight:

The mobile impact on consumer buying is huge and marketing is moving quickly in that direction.

Jan Wallen's curator insight, November 7, 2014 11:37 AM

The holidays are almost upon us -- is your marketing ready? 

AnointedMediaEv's curator insight, November 7, 2014 11:53 AM

Good info.

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Mobile shopping apps and the consumer's time budget

Mobile shopping apps and the consumer's time budget | Public Relations & Social Marketing Insight | Scoop.it

A study of the free shopping apps in the Android Play store shows that the most popular apps fall into the broad categories that one would reasonably expect without pushing the limits of imagination: pure play e-commerce, brick-and-mortar retailer apps, coupons & deals, utilities (shopping lists, product scans, loyalty storage) and rewards for shopping behavior [see list at bottom of post]. In general, the most popular shopping apps are not revolutionary in terms of offering consumers a compelling shopping experience that they can’t find elsewhere.

As a result, fewer than 50% of consumers who download the most popular mobile shopping apps are developing regular usage habits. A recent NPD study showing that within 3 months of downloading a retailer’s app, 75% of consumers stop using the app even once a month. The same study shows that more consumers use retailer web sites than apps (71% of consumers vs 57%), perhaps indicating they prefer accessing a retailer’s website on an irregular basis than going through the trouble of downloading a mobile app.


One of the reasons for the lack of regular usage of top mobile shopping apps may be that the majority take a conventional shopping task focused view of a person’s motivations & intentions for using a mobile app, eg. “the user wants to purchase something specific/find coupons/compare products”. Very few take a time-based view of a person’s motivations & intentions for using a mobile app, eg. “the user has many small moments of downtime in the day that they’d like to fill with an engaging app experience”....

Jeff Domansky's insight:

This is a very valuable research study for online retailers and marketers. Key findings should give retailers hope when it comes to mobile shopping apps.

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