Recently, Valpak and market research firm PureSpectrum partnered to survey over 500 consumers to determine what is driving their purchasing decisions. From Big Box to GameStop, one message remained constant: deals and discounts continue to motivate shoppers to hand over that hard-earned cash.
Top 5 reasons to try or switch retailers
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Low cost 65%
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Coupon / offer 45%
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Great customer service 39%
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Store loyalty / rewards card 38%
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Customer reviews 37%
Top 5 most requested retail offers
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Buy one, get one free 72%
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Marked-down items 65%
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Rewards / loyalty discount 54%
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Storewide sale 50%
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Seasonal sales 50%
Top 5 preferred ways to receive retail offers
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Email 59%
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In the mail 49%
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Text message 35%
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Via company website 19%
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Social media 12%
Top 5 personalized offers shoppers want
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Loyal customer offers 61%
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Birthday offers 59%
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Seasonal offers 59%
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Holiday offers 57%
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Anniversary offers 33%
While some retailers may struggle with the concept of discounting, believing it could diminish the value of their brands, the gloves are off nowadays. Price-conscious shoppers no longer hide in the clearance section and want authentic deals.