What Trends will Affect Consumers in 2018?

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It’s that time of year when we look at consumer preference trends in 2017 and forecast what 2018 might be like. If you want some futuristic inspiration or need to get up-to-speed quick smart with what’s changing, try these reports on trends…

Looks like we're on the cusp of massive change! Email me (cathy@heath.co.nz) if you need help keeping up with it all. We specialise in getting rid of the all the noise, so you only get the good, life-changing insight.

 

Online Shopping Trends

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Nielsen’s recent online retail report has driven home the message that the online shopping habits of Kiwis are quickly evolving. No longer a remote set of islands unable to access the latest products, New Zealand can now provide consumers who have access to the internet with a variety of unique and often more cost effective products than found in local stores. But what is driving e-commerce for Kiwis?

The ‘Why Behind The Online Buy’ summarises Nielsen’s report into a 40:40:20 split, finding that convenience, price and range are the main driving forces. Using mobile devices to shop is continuing as a growing trend with 23% of online shoppers buying via smartphones and 19% buying via tablets. Online store owners can help meet the drive for value, thanks to not having to pass on the costs incurred with a bricks and mortar store.

Christopher Adams of the New Zealand Herald last year predicted the growth of the retail trends “show rooming" and "click and collect” for online shoppers; this prediction has proven to be accurate, with a continuation of these trends well into 2015. Nielsen’s report confirms these details with 57% of shoppers having ‘show-roomed’, which is the act of finding a product in store, but then purchasing online for a lower cost.

One downfall to the online shopping trend is the large increase in product returns. Much of this can be attributed to the inability of the customer to see, touch and if applicable, try on the object for themselves, often leading to disappointment.  theregister.co.nz urges New Zealand retailers to consider interactive website features such as comprehensive zoom functions and dressing room style features to combat these high product return rates.