WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Sunday, November 19, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email


Rakuten Marketing Releases 2017 Retail Holiday Data; Empowers Marketers with the Gift of Insight for Holiday Sales Success
Tuesday, November 14, 2017

SAN MATEO, Calif., Nov. 14, 2017 /PRNewswire/ -- Rakuten Marketing, a leading technology company that enables brands to increase sales through data-driven marketing, today announced its 2017 retail holiday outlook and sales forecast. Based on proprietary internal data combined with consumer survey insights conducted with leading consumer research provider Qualtrics, today's news delivers key insights to help merchants and brands capitalize on this year's critical holiday selling season.

Rakuten Marketing anticipates online retail revenue to grow by 12 percent year-over-year (YOY) for the 2017 holiday selling season. Driving growth is 'early start' shopping where 24 percent of consumers have initiated gift shopping as early as summer, with another 59 percent of shoppers citing intent to begin purchasing by Halloween. This is a marked shift from the past holidays where consumer spend spiked in early November.

"Consumers have started shopping earlier than ever this year, with our survey results showing that most consumers started looking for gifts before Halloween, and won't finish shopping until December. Additionally, our Rakuten Marketing data indicates that peak sales activity will start two weeks before Black Friday this year," commented Rakuten Marketing CEO, Tony Zito. "Advertisers should be prepared to capitalize on the opportunities presented by a longer sales season with strategies for promoting product discovery, new customer acquisition and re-engaging existing customers."

Holiday Retail Insights:

    --  US retail ecommerce sales jumped an outstanding 17.8 percent during the
        2016 holiday season, which then drove total retail sales up 4.8 percent,
        according to eMarketer.
    --  For the 2017 holiday season, Rakuten Marketing expects online retail to
        climb approximately 12 percent.
    --  Retailers should expect longer sales cycles approaching the holidays, as
        consumers take more time to explore multiple promotional options when
        considering a purchase.

Holiday Device Spending Insights:

    --  Between Q4 2014 and Q4 2016, online retail desktop revenue increased by
        20 percent, with an average order value (AOV) increase of 22 percent. In
        contrast, online retail mobile revenue expanded during this same period
        by an outstanding 142 percent with AOV increasing by 18 percent.
    --  Between Q4 2015 and Q4 2016, desktop and mobile sales revenue increased
        YOY by 18 and 53 percent respectively, with sales conversion increasing
        by 16 and 65 percent respectively. Also, in 2016, from Q3 to Q4, revenue
        increased on desktop by 13 percent, mobile by 11 percent and tablet by
        17 percent. Rakuten Marketing predicts continued increasing sales
        revenue of 61 percent on mobile, while desktop remains static for the
        2017 holiday selling season.
    --  AOV decreased on all platforms from Q3 2016 to Q4 2016, demonstrating
        consumers, although shopping more often and spending more, took
        advantage of holiday promotions and discounts symbolic of the holiday
        selling season. However, Q4 AOV is up YOY, growing 25 percent between Q4
        2014 and Q4 2016. Rakuten Marketing anticipates Q4 AOV to increase
        during the 2017 selling season by 26 percent YOY.

Holiday Peak Shopping Insights:

    --  In line with Amazon's early release of Black Friday discounts, Rakuten
        Marketing anticipates the peak sales period in 2017 will start two weeks
        before Thanksgiving, and will continue until the week before Christmas,
        given added focus on shipping efficiencies and on-time delivery.
    --  Top promotions for this holiday season are highly influenced by free and
        on-time shipping and promotional discounts that include percentage off,
        dollar off and loyalty offers such as cash back.

Holiday Marketing Insights:

    --  Highly effective marketing campaigns during the holiday selling season
        includes display ads, search, social campaigns, and influencer
        marketing.
        --  Consumers who are served display ads are 21 percent more likely to
            purchase than not, making purchase frequency 31 percent higher than
            engagement without display ads.
        --  Search and social marketing are most effective in acquiring new
            consumers where they initiate 84 percent more new customers than any
            other marketing strategy with search at 95 percent more and social
            at 64 percent more.
        --  Influencer marketing creates more engaged consumers for marketers
            (users who come to an advertiser site from an influencer site have
            7.7 page views). Also, 53 percent of influencer touchpoints are the
            first touchpoint in the consumer journey.

The Rakuten Marketing holiday outlook is based on YOY Rakuten Marketing data and data collected from a consumer survey of 1,000 U.S. consumers conducted through consumer research firm Qualtrics. All Rakuten Marketing data reflects year-over-year, same-store results in the North America market. Rakuten Marketing will continue to release data and insight throughout the 2017 holiday retail season. For more information about Rakuten Marketing Integrated Marketing Solutions, visit https://rakutenmarketing.com.

About Rakuten Marketing

Rakuten Marketing industry leading solutions empower marketers to thrive in their evolved role and achieve the full potential of digital marketing, efficiently and effectively, with data-informed insights that create consistent, engaging and influential experiences across screens. Offering an integrated solution, along with unique insights and consultative partnerships, Rakuten Marketing delivers the tools that marketers need to increase efficiency, productivity and performance.

Rakuten Marketing is a division of Rakuten Inc. (4755: TOKYO), one of the world's leading Internet service companies. The company is headquartered in San Mateo, California, with offices in Australia, Brazil, Japan, the United Kingdom, and throughout the United States. Follow us on Twitter or learn more at https://rakutenmarketing.com.

PR Contact
Lisa Tadje, Sr. Director, Communications
Rakuten Marketing
801-718-9980
Lisa.Tadje@rakuten.com

View original content with multimedia:http://www.prnewswire.com/news-releases/rakuten-marketing-releases-2017-retail-holiday-data-empowers-marketers-with-the-gift-of-insight-for-holiday-sales-success-300554937.html

SOURCE Rakuten Marketing



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Moeda at the Blockchain for Social Impact Conference | Nov 18, 2017
Nav First Ever JCS International Young Creatives Award Presented At 2017 International Emmy World Television Festival | Nov 18, 2017
Nav Genaro and Storj Labs Announce Collaboration and Product Integration | Nov 17, 2017
Nav Global Smart Hubs Market Report 2017-2021 | Nov 17, 2017
Nav Garmin and NXT-ID Subsidiary FitPay Announce Garmin Pay Now Live on Garmin vívoactive 3 Smartwatch | Nov 17, 2017
Nav Ieso Digital Health Wins Prestigious Deloitte Fast 50 Awards 2017 | Nov 17, 2017
Nav LG OLED 4K Smart TVs To Reach 'Best Price Ever' During 2017 Black Friday Season | Nov 17, 2017
Nav Smart Sensor Market - 15% Growth for MEMS technology to 2024 | Nov 17, 2017
Nav The global home automation market is expected to reach USD 39.88 billion by 2024 | Nov 17, 2017
Nav Uplevel Solution Right-sizes Cybersecurity for Small-to-Medium Businesses, MSPs | Nov 17, 2017
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News