Research Report Finds Most Brands Struggle to Deliver on Their Omnichannel Strategies
NewStore, the first to provide Omnichannel-as-a-Service, today released its annual Omnichannel Leadership Report, a critical assessment of over 200 luxury, premium and lifestyle brands. The report exposes the retail industry's ability to deliver omnichannel from discovery and purchase through fulfillment. NewStore engaged a team of researchers to act as secret shoppers to audit each brand's experience and technology across store, web, mobile and call centers.
The report takes a critical look at how brands are acting on their omnichannel strategies, from applying digital to brick-and-mortar to integrating technology and innovation into their customer experiences. One common thread is that the leaders are using mobile. They have only small gaps in their omnichannel experience, while the laggards are not using mobile at all and barely have a semblance of omnichannel.
While the overall omnichannel competence score is low at 40 out of 100, there is significant momentum. Data reveal progress over last year:
? 68% of associates use a mobile device, up from 60% in 2018 and 10% in 2017.
? 51% of store associates now have access to organization-wide inventory levels from a mobile device, up from 39% last year.
? 58% of store associates can see omnichannel purchase history, up from 32% last year.
? 47% of associates can perform an endless aisle purchse for customers in-store, up from 33% last year.
? 74% of brands allow the use of digital payments in-store, up from 57% last year.
"While we have seen great progress over last year, it's not happening fast enough. The Omnichannel Leadership Report shows that very few brands are doing well across all facets of omnichannel. The brands that really struggle are those that operate online and in-store in silos, on systems that were never built with other channels in mind," said Stephan Schambach, Founder and CEO, NewStore. "The key to omnichannel is having a single system for real-time omni data - inventory, customers and orders. And more importantly, putting this in the hands of store associates."
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About the Omnichannel Leadership Report
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