ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

More Consumers are Adopting the Click-and-Mortar Shopping Model; Here's What it Means

Today, 4 in 10 customers in the U.S. are shopping the same way in stores as they would shop online.
PUBLISHED MAR 30, 2024
Cover Image Source: Shopping | Unsplash | Photo by Freestocks
Cover Image Source: Shopping | Unsplash | Photo by Freestocks

Online shopping may have become the norm during the pandemic, but consumers also headed back to stores in its aftermath as hybrid models were adopted in every sector. New research indicates a growing preference for the Click-and-Morta shopping model worldwide, and 4 in 10 American customers now shop in physical stores similarly to how they shop online, and also seek the same level of convenience. These shoppers leverage technology to find deals online and redeem them offline, and retailers in various countries have adapted to accommodate these preferences, offering seamless online-to-in-store experiences.



 

Among these shoppers, approximately 45% are millennials adopting the Click-and-Mortar method, with 57% being parents with children at home. Moreover, Gen Z consumers fitting this profile double the proportion of baby boomers and seniors.

In-Store Shopping Preferences Rise Post-Pandemic

The report highlights that around 20% of shoppers prefer to enhance their in-store experience with digital aids. Given these significant percentages, retailers must adapt to this new breed of shoppers by integrating various digital tools and experiences into their stores.

Changes in shopping patterns since the pandemic are also evident according to a report by PYMNTS, which shows that the preference for in-store shopping among U.S. consumers has steadily increased since 2020. Conversely, the preference for online shopping peaked during the Covid-19 pandemic in 2020 and has since declined.

Image Source: Unsplash | Photo by Arturo Rey
Image Source: Unsplash | Photo by Arturo Rey

Meanwhile, shoppers who leverage the Click-and-Mortar model have steadily increased since the pandemic and now the segment makes up about 31% of all consumers. These shoppers prefer digitally enhancing their in-store experience or picking up online purchases in person.

With the surge of the new breed of shoppers, the report reveals that retailers are actively embracing this trend. Across the U.S., the average offline retailer is well-prepared, offering or intending to offer various features such as voice-assisted shopping, buy now, pay later (BNPL) options, digital profiles, price matching, mobile-aided shopping, online returns, and more.

In some major markets, 55% of consumers prioritize these shopping experiences, surpassing other countries in the study. As the population of Click-and-Mortar shoppers expands, the number of customers at risk of abandoning merchants due to feature failure will increase. 

While merchants offer numerous desired features, consumers often struggle to locate them, highlighting a key area for improvement among merchants. This may lead to heightened satisfaction with Click-and-Mortar experiences. However, data indicates that the average consumer may encounter difficulties in accessing available features.



 

Additionally, retailers in the United Arab Emirates (UAE) and the United Kingdom (UK) are closely following suit. According to the UK edition of the report, over a third of UK consumers encountered difficulty accessing the digital shopping features they desired most.

However, some regions with substantial retail markets have yet to fully embrace this trend, since retailers face significant challenges on their path to implement only two of the most sought-after features, as indicated by the report.

In many countries, cultural, technological, and economic factors have hindered retailers from offering all the top digital features in physical stores.

MORE ON MARKET REALIST
She had asked for $250,000 when she came and she walked away with close to $400,000.
20 hours ago
The showrunners must have had a storm on their hands when they were called out.
21 hours ago
Steve Harvey burst out laughing when he heard that answer, as was the case in much of the round.
22 hours ago
The guest wanted more than $3,000 for the item but the expert crushed his hopes.
1 day ago
The game even had a twist which saw Drew Carey doing something special for the contestant.
1 day ago
One had to pay attention to catch the error, and the show has a lot of fans like that.
1 day ago
The contestant's nonchalant behavior after answering left everyone on the show stunned.
1 day ago
The host was left red-faced and he even apologized to the contestant later on for his actions.
2 days ago
The guest was not expecting the low valuation of his item given by the expert.
2 days ago
The host perhaps did not expect to hear that answer and was left impressed.
3 days ago
The contestant was over the moon with her victory, which she made look quite easy.
3 days ago
The guest could do nothing more than accept his bad luck, and that is exactly what he did.
3 days ago
The host had his head down and could not even look at the board as the answer was revealed.
3 days ago
Almost all of the answers given were either shocking or hilarious, or both.
4 days ago
The pawn shop owner had doubts about the beverage's condition and was proven right.
4 days ago
The pawn shop owner has always been a big fan of WWII memorabilia and this was no different.
5 days ago
The contestant turned to the audience for help and it paid massive dividends.
5 days ago
None of the three contestants wagered anything in the final round, which was a first.
5 days ago
Cuban was excited to try them on and did a good job despite not having too much experience.
5 days ago
The contestant, Christina Derevjanik became the biggest winner ever in the show's history.
6 days ago