Retail has been constantly reinventing itself, and participants race to keep up with what feels like a series of epic shifts in consumer preferences. Apparel brands are investing especially heavily in online shopping capabilities and introducing interactive features that complement apps and websites. Retailers and manufacturers are rushing out new products to keep pace with the leaders of fast fashion such as Zara, H&M, and Forever 21, which launch new fashions every week or so.
5 Surprising Findings About How People Actually Buy Clothes and Shoes
When consumers buy online, they spend more.
June 06, 2018
Summary.
Retail has been constantly reinventing itself, and participants race to keep up with what feels like a series of epic shifts in consumer preferences. To get a clearer, more-complete picture, we studied the actual decisions made by 1,500 apparel and footwear shoppers in the United States. Our five most surprising findings: shopping is not yet truly omnichannel; when consumers buy online, they purchase more; online journeys take longer than in-store; brand stores and website generate higher spend than multibrand stores; and, very often, consumers just want to buy new versions of an item they already own.
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HBR Learning
Marketing Essentials Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Marketing Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to communicate with your customers—strategically.