PwC administered a global survey to understand and compare consumer shopping behaviors and the use of different retail channels across 19 territories. Key findings:
US Consumers Shopping Online
- 39% of US consumers surveyed make online purchases monthly
- Top 3 reasons why US shoppers buy online instead of in store: lower prices/better deals than in stores (52%), ability to shop 24/7 (47%), and no need to travel to a physical store (40%)
- Top 3 reasons shoppers choose their favorite online retailers: “The prices are good”, “They usually have the items I want in stock”, and “I trust the brand”
- US consumers do their research before buying online: books/music/movies/video games 75%, toys 62%, electronics/computers 73%
- The ability to return purchased items online sways consumers to purchase from certain retailers. Most important to shoppers were paid return labels provided with shipment (86%), online purchase returns available in-store (76%), can return purchase to a convenient location (61%)
- Even with free shipping, consumers are willing to pay for same day (61%) and 1-2 day delivery (58%)
Source: PwC.com