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Marketing Week

Retail sales, GDPR, customer experience: 5 killer stats to start your week

By August 20, 2018 No Comments

1. What the next generation of marketers want

Four in 10 of 500 young people surveyed say they would consider a job in marketing but the majority (72%) do not believe a degree in marketing is necessary.

Instead, 21% would seek for a trainee marketing job and 20% for a marketing apprenticeship, while 14% think a specific marketing qualification is the best route into the industry.

The study also found that 64% of those aged 17 to 19 who left school or college in the past six months and are interested in a career in marketing would prefer to work for a multinational (36%) or an established British firm (28%).

Whereas just 11% say they would choose to work for an innovative startup, 12% for a small business and 6% for a charity or social enterprise.

The respondents also favour a high salary (44%) over a career that helps people (33%).

Source: Charted Institute of Marketing

2. UK retail sales experience July boost

Retail sales rose 0.7% in July meaning they’ve increased by a total of 3.5% this year, with the boost attributed to online promotions as well as increases in food sales likely caused by the World Cup.

For the three months to July, sales climbed 2.1%, marking the strongest three months of growth since February 2015.

Meanwhile, total spending online continued to rise to reach a new record proportion of all retailing at 18.2% in July 2018.

Source: ONS

3. China is now the largest ecommerce market in the world

China has leapfrogged the US to become the largest ecommerce market in the world and accounting for 83% of all online retail sales in the Asia Pacific region, thanks to the brands including Alibaba and JD.com.

By 2022, it’s forecast China’s $1.8 trillion online retail market will be more than double that of the US ($713bn), 10 times larger than that of Japan ($159bn), and 15 times larger than the market in South Korea ($113bn).

Among metropolitan Chinese consumers, 72% are ‘Progressive Pioneers’, known as the most demanding, advanced, and innovation-hungry digital shoppers.

Source: Forrester

4. News sites see decline in third-party cookies post-GDPR

Since GDPR kicked in on May 25 there’s been a 22% decline in the number of cookies set without user consent.

And in the UK, news sites that had the most cookies per page in April had 45% fewer by July.

On average the number of cookies from design optimisation tools is down 27%, advertising and marketing cookies are down 14%, while social media cookies fell by 9%.

Meanwhile, US-based tech companies remain present on the highest number of the news sites  – Google (96%), Facebook (70%), and Amazon (57%)

Source: Reuters

5. Two-thirds of shoppers say retailers ‘don’t know’ them

Two-thirds (64%) of shoppers feel retailers don’t truly know them, and another 87% of shoppers say they start their hunt for a new product on digital channels.

Mobile accounts for 92% of ecommerce order growth and personalisation influences 38% of all digital revenue. Additionally, 71% of shoppers say they’re now using their mobile devices in-stores (83% for shoppers aged 18-44) which is up from 62% in 2017.

However, 46% of shoppers still prefer to buy in a physical store.

Shoppers are also moving quickly, with 69% of consumers saying it’s ‘important’ or ‘very important’ to see new merchandise each time they visit a store or shopping site.

And 59% of shoppers say they’re more likely to buy from brands that offer customised products.

Source: Salesforce 

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Phvntom, Inc. is a digital marketing company located in Boise, Idaho that creates websites, apps, and full-scale promotions/campaigns for other businesses. The views and opinions expressed in this article are strictly those of its authors and were not written by Phvntom. This article was originally published by Marketing Week.   

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