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RETAIL CX SERIES Customer Experience in the Age of Millennials€¦ · nice but the clothing at...
Transcript of RETAIL CX SERIES Customer Experience in the Age of Millennials€¦ · nice but the clothing at...
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Customer Experience in the Age of Millennials
RETAIL CX SERIES
June 2018
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O N T H E A G E N D A
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Coming of age: Why Millennials and Why Now?
Decision Ready Insights: What Drives Millennials Retail Experience
Millennial CX Index
4 Key Takeaways
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We are an emotion analytics company that helps brands transform their customer
experience through the power of Emotion AI
T R U S T E D BY L E A D I N G B R A N D S A N D C X AG E N C I E S I N C LU D I N G :
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E X E C U T I V E S U M M A RY
The research revealed 3 insights showing how UK fashion
retailers can optimise and improve their customer experience
for the Millennial market.
Be more Inclusive - Millennials seek brands that are
more adaptive to diverse body shapes.
Fast Fashion for Longer - Millennials want trendy
items but more sustainable and longer lasting.
Affordable Fashion - Millennials will leave products
on the hanger if they aren’t affordable.
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W H Y M I L L E N N I A L S A N D W H Y N O W
Quarter of World’s Population
1.8billion
Born between1981-1996
1981-1996
Have more spending power than Generation X
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D ATA C O L L E C T I O N V I A O N E P U L S E
3730 %%63 %
10,200 23 6PEOPLE
AVG RESPONSE RATE
JUNEMAY QUESTIONS COLLECTED VIA SMARTPHONE
44
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-100 100
E M O T I O N A N A LY S I S
10,200ANALYSED
TO P I C S THEMES S N I P P E T S
ADORESCORE 8 INDEXES 24 EMOTIONS
! "
JOY FEAR
# $
SERENITY TERROR
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D E C I S I O N R E A D Y I N S I G H T S : W H AT D R I V E S M I L L E N N I A L S R E TA I L E X P E R I E N C E ?
1. Authenticity
2. Diverse Opinions
3. Experience Based
76%
85%
85% 59% 65%
56%
61%
Say they prefer human interaction to chatbots
Use social media to influence buying decisions
Say emotion influences their shopping decisions
Say rude or unhelpful staff are their biggest pet peeve when shopping in store
Say they don’t trust brands who send too many emails
Say online influencers have directly impacted their shopping decisions
Say ethics and sustainability are important when shopping for clothes
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TO P 1 0
RETAILER
New Look
ASOS
Primark
H&M
Next
Topshop/Topman
River Island
BooHoo
Dorothy Perkins/Burton
Zara
RANK
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10
ADORESCORE
42
40
39
39
36
25
22
21
19
-9
BENCHMARK PERFORMANCE
+53%
+46%
+42%
+42%
+31%
-9%
-20%
-23%
-31%
-133%
The Best Performing Retailers
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3 D E C I S I O N R E A D Y I N S I G H T S
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Inclusive Fashion Fast Fashion, Longer Affordable FashionMillennials seek out brands to be more adaptive to diverse
body shapes
Millennials want on trend fashion that’s more sustainable
and longer wearing
Millennials will leave new purchases on the hanger if not
affordable
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I N F O C U S
RETAILER
New Look
ASOS
Primark
H&M
Next
RANK
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ADORESCORE
42
40
39
39
36
BENCHMARK PERFORMANCE
+53%
+46%
+42%
+42%
+31%
The CX Role Models
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I N F O C U S
The CX Role Models
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15 %
JOY
above industry average
Affordable Fashion Quality Good Customer service
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affordable; on trend; quality. I love new look. it's always one of my first go it's when I need to update my wardrobe.
Good clothes; on trend and reasonable prices.. Good experiences; I’ve bought a lot of clothes there. They’re usually on trend and decent quality.
Good customer service. I went there to buy some shirts the other week the staff were great and very helpful and the clothes were a fair price and good quality
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I N F O C U S
The CX Role Models
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07 %
TRUST
above industry average
Online Delivery Fashionable and Affordable Student Discounts
1 2 3
I often shop with ASOS i usually spend a long time browsing and often end up buying more than I planned because of their free shipping and returns policy. Great service.
A wide variety of fashionable items at ridiculously great prices and delivery easy and convenient. I went on the website once; just browsing around in their sale; popped a few things in my basket; at the checkout stage I received a code for money off those sale items; great.
I recently ordered a jumper in the sale and got an additional 20% off with student discount. The quality and delivery speed were amazing
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I N F O C U S
RETAILER
Zara
Dorothy Perkins/Burtons
BooHoo
River Island
Topshop/Topman
RANK
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ADORESCORE
-9
19
21
22
25
BENCHMARK PERFORMANCE
-133%
-31%
-23%
-20%
-9%
Room For Improvement
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I N F O C U S
Room For Improvement
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28 %
SADNESS
above industry average
Overpriced Not size inclusive Messy stores
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Nice clothes but far too expensive for what they are. Walk in; look around; find something I kind of like; check price tag; leave” “An expensive shop that caters more to upper class people and those that are willing to spend more money.
Modern clothes that are undersized. I wanted to buy a shirt that I liked but the size I usually take didn’t fit me nor did the size above.
Poor quality clothes at expensive prices. Materials make you sweat! Stylish. Stylish layout of shops but often like a jumble sale once inside - an up market TK Maxx. Great if you want disposable clothes e.g. wear a few times
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I N F O C U S
Room For Improvement
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11 %
SADNESS
above industry average
Old-fashioned Sizing
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Unfashionable clothing. Staff are nice but the clothing at Dorothy Perkins is clearly for an older generation
the sizes vary wildly I've had 2 size 16 dresses arrive one fits fine and the other wouldn't even fit a child
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K E Y TA K E AWAY S
Old New
Transaction Experience
Mass produced Authentic
At any cost Ethics
Profit Price
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A B O U T A D O R E B O A R D
A B O U T O N E P U L S E
Adoreboard specialise in transforming customer experience through the power of Emotion AI. Our platform Emotics uses advanced emotion analytics to analyse any text to uncover key emotions driving or diminishing customer experience for brands and agencies.
Adoreboard was named as “Best Tech Company” from UK and Irish Universities by Dr Craig Barrett (former CEO/Chairman of Intel) at the Silicon Valley Global Leadership Forum. Adoreboard has been named in two Forrester reports “The Future of CX Measurement” and “Emotion Analysis is a must for CX”
OnePulse is an opinion platform that brings people and businesses together, so you can get the answers you need, when you need them. The platform allows you to send up to three questions per Pulse (mini survey) to our native app community for honest answers in seconds, so you can make fast decisions with confidence.
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