Online retail sales are bleak – no question – but there are some opportunities for sharp loyalty marketers.
I say that because some gift types actually saw an uptick around Valentine’s Day this year vs. month prior or year prior or both – ok, the only gifts in the latter category were pets and outdoor gear, but still…
Internet Retailer looked at both shopping cart completions and sales totals for February 09 and gifts, pets, jewelry and sports apparel & gear all saw increases in the percentage of orders that were completed vs. February 08. That does not mean that order sizes increased – ticket size, in fact, decreased in all of these categories – but more customers completing any orders offer a smart online retailer the opportunity to capture:
- incremental email addresses
- more refined SEO information
- additional data about the relationship between ticket size and order completion
- increased data regarding site visit and purchase behavior
All of these factors permit more accurate and efficient site design and offer development targeting a broader consumer base.
‘Definitely a glass-half-full approach to some pretty dismal numbers, but both more and less of just about every kind of behavior online can make you a better marketer over time.
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