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Survey: Lack of in-store personalization can lose retailers money
TEWKSBURY, Mass. — Disappointing shopping experiences are costing brick-and-mortar retailers serious money.
That’s according to the recent TimeTrade State of Retail 2017 survey, whose results suggest that U.S. retail stores left about $150 billion in potential revenue on the table in 2016 by failing to offer shoppers the personalized shopping experiences they want.
Respondents said that, on average, they would increase their in-store spending by 4.7% if they received better, more personalized service from retailers.