News : WNS DecisionPoint Releases Research Report on 2017 US Retail Holiday Spending
New York, NY, USA & Mumbai, India, Dec, 2017 -- WNS (Holdings) Limited (NYSE: WNS), a provider of global Business Process Management services, has published the results of a 2017 U.S. Retail Holiday spending report through WNS DecisionPoint, the company’s thought leadership platform designed to provide companies with strategic business insights. The report analyzes spending comparisons and shopper purchase curves based on a survey of over 3,000 consumers across the U.S.
"The purchase journeys of shoppers in the retail industry are becoming more complex even as they continue to look for a higher level of personalization and digitization. WNS DecisionPoint™ has developed two proprietary analytical models — Consumer Decision Trees and Shopping Inhibitor Index. These models provide insights into customer journeys across various formats, and track major irritants that customers have while shopping in stores. These insights will enable companies to target customers effectively, drive personalization and increase revenue," said Akhilesh Ayer, Head – Research & Analytics, WNS.
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The holiday report analyzes shoppers’ cadence across product categories and compares trends from the previous year. Some key highlights from the 2017 report include:
- The average customer is expected to spend 21% more than last year
- 85% of customers are unlikely to shop after Christmas
- Gen X will spend 47% more than last year compared to other demographic groups
- E-commerce continues to edge out brick-and-mortar stores and is increasingly becoming the first choice for shoppers in various product categories, especially consumer electronics
- While shoppers browse at physical stores, they immediately check online sites for a wider assortment. "Endless aisles", where customers can view products online that are not available in stores, can be an effective solution
The report also tracks the impact of digital retail on the extended ecosystem and provides themes for retailers to enhance the in-store shopper experience.
Posted by Veronica Silva Cusi, news correspondent
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About WNS Global Services:
WNS Global Services is a large global Business Process Outsourcing company headquartered in Mumbai, India. WNS formerly stood for World Network Services.
About WNS (Holdings) Limited:
WNS (Holdings) Limited (NYSE: WNS) is a leading global business process management company. WNS offers business value to 200 global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities.
Published: Wednesday, December 27, 2017
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