Adoption of mobile will secure the future of UK Retail

Mobilewallets

Consumer insight

Forrester Research, Principal Analyst in eCommerce and Channel Strategy, Martin Gill says that mobile will evolve as the main platform for retailers over the next three years.  39% of UK mobile users now use their smartphone for internet access on a daily basis.

UK customer’s confidence in online shopping has increased dramatically over the last five years. This has led to retailers needing to address the drivers of online shopping such as choice and web-smart cost saving price comparisons, as the high street declines. As a Principal Retail Analyst Martin can reveal that most retailers he works with see 20-30% of their web traffic coming from mobile devices. As a handheld device mobile links the high street with the internet seamlessly.

Adopting new technology is easy for new online retailers but larger established bricks and mortar retailers can face greater logistical problems. Creating a compelling cross-touchpoint customer journey can be problematic for older retailers, such as HMV, and result in closure. Martin will highlight how retailers such as Starbucks and Debenhams are creating successful mobile centric communication campaigns, despite their incredible organisational size.

Martin gives an insight into the future retail landscape in the UK:  “Mobile opens up new dimensions when it comes to analyzing customer behaviour. Literally. Understanding a customer location when they engage gives a completely new dimension to understand their behaviour and intent. Were they are home? Were they in one of your stores or in a competitor’s store? We see a lot more activity in the US around understanding and working with customer location from firms like Toys R’ Us and Cabela’s. But it’s coming to the UK, and as Smartphone ownership is mainstream, UK firms have a huge opportunity to take customer insight to a new level.”

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