Data Strategy Can Help Best Amazon With Holiday Buyers

Retailers complain that Amazon e-commerce gobbles up more holiday dollars each year. In fact, Amazon is now the primary gift destination of 42% of U.S. shoppers, per recent research by Signal, a marketing tech and data platform company. Is there any way to compete with the Amazon Goliath? Yes--if retailers know how to weaponize their customer data, argues Signal's CEO Mike Sands in a recent article for Marketing Land. Sands suggests three data-driven strategies for competing with Amazon this holiday season. Sands points out that while Signal's research shows Amazon is a primary buying source for a chunk of consumers, Amazon is NOT the primary gift destination for another big group (40%). Retailers can use customer data to successfully woo those customers, Sands argues. Compared with Amazon, retailers have access to more first-party data across channels and devices via sales, customer service, loyalty programs, marketing and promotion channels, and interactions with store associates. That extensive customer data from multiple channels can by used to deliver relevant, targeted promotions that outdo Amazon's touted recommendations, which often miss the mark due to minimal customer knowledge. Using data-driven marketing, retailers also can leverage the omnichannel strength of multiple touch points to create a seamless, personalized shopping experience. "Gone are the days when holiday shoppers had to choose between the convenience of buying online from home versus the assurance of handling the product in a store. Now they can do it all — and they leave a rich trail of data every step along the way," Sands notes. He points to statistics showing that while consumers say they browse for holiday purchases most frequently on desktops/laptops (36%), they most frequently purchase gifts in stores (33 percent). Finally, since offer relevancy remains basic to wooing customers, retailers can use data-driven marketing to gain an edge over Amazon even in the digital arena. Some 43% of consumers surveyed still say digital advertising on websites or mobile apps influences holiday gift-buying. Retailers now can use addressable media for personalized, timely digital ad targeting by seeing customers as people not just impressions, notes Sands. Bottom line, retailers who make the effort to aggregate, clean, segment, profile and personalize omnichannel customer data can still enjoy happy holiday sales in the Amazon era. For Sands' full article, go to http://marketingland.com/3-retail-strategies-beat-amazon-holiday-season-182228

Survey Shows Holiday Shoppers' Offline-Online Mix

Heading into the holiday season, what should retail marketers do to maximize 2016 holiday sales? Start by asking the shoppers. Global marketing firm Epsilon has just released the findings of its 2016 holiday shopping survey. More buyers are likely to be in-store than online this year; 87% of Epsilon's 2016 respondents say they are “very likely” or "somewhat likely" to purchase at brick-and-mortar stores, compared with the 76% who say they are "very likely" or "somewhat likely" to purchase online. However, the shopping journey will probably involve a mix of channels from marketing trigger to final purchase. More than half (55%) of respondents are "very likely" or "somewhat likely" to look at a product online and then go to a store to buy, for example, while almost the same percentage (54%) are "very likely" or "somewhat likely" to look in store for a product and go online to find the best deal. Clearly, retailers will want to integrate messaging and create a seamless customer journey across channels to prevent dollars from slipping through the cracks in this multichannel environment. Since DBM Designs specializes in direct mail and supporting data services, we're happy to report surveyed shoppers cite direct mail as a potent offline marketing channel, with a big 77% of respondents saying advertisements received by mail will have at least “some influence” on their buying decisions this holiday shopping season. That's a lot more than the 41% who say banner advertisements will have “some influence” on buying decisions. Why does direct mail work so well in an increasingly "digital-first" world? No surprises: Respondents say they are influenced by direct mail because it usually contains an offer or discount, and the format allows for leisurely review time. Retail marketers can't afford to neglect online ads, e-mail and social media, of course; most respondents (90%) say they plan to access online sites or e-mails to learn about the best deals before starting to shop, and that's up from 88% of respondents in 2015. For more data from the survey, go to http://pressroom.epsilon.com/survey-results-indicate-consumers-more-likely-to-shop-in-store-than-online-this-holiday-season/