Home breadcru News breadcru Announcement breadcru 44% in-store purchases projected for 2025: Salesforce

44% in-store purchases projected for 2025: Salesforce

25 Aug '23
2 min read
Pic: Shutterstock/maxbelchenko
Pic: Shutterstock/maxbelchenko

Insights

  • Digital shopping is equally split between online and physical stores, with a shift towards newer channels like social media, where buying has quadrupled to 59 per cent, and messaging apps, up by 227 per cent.
  • In-store digital enhancement is prevalent with 60 per cent shoppers using mobile devices.
  • Generative AI is being used by 17 per cent of shoppers.
Digital shopping across the globe is reshaping the retail landscape, with shoppers now equally splitting purchases between online and physical stores, as per a report by Salesforce. By 2025, it is projected that only 44 per cent of transactions will occur in stores.

This trend is fuelled by a shift towards newer digital channels like social media and voice assistants. Remarkably, the share of shoppers buying on social media has quadrupled in two years, with 59 per cent now completing transactions there, up from 15 per cent in 2021. Additionally, purchases over messaging apps such as WeChat and Facebook Messenger have surged by 227 per cent, with 36 per cent of shoppers buying in this manner, according to the fifth edition of the Connected Shoppers Report by Salesforce.

The concept of ‘shopping at the edge’ is becoming prevalent, where shopping journeys increasingly begin and even conclude outside of traditional retail spaces. Social media has become a major starting point for consumers, with 50 per cent discovering new products there.

Digital technology is also enhancing in-store experiences. Sixty per cent of shoppers utilise mobile devices in stores for tasks like research, price comparison, scanning QR codes, or checkout with scan-and-go. Retail associates also use mobile devices to assist customers with queries.

Generative AI is emerging as a game-changer. Seventeen per cent of shoppers have used it for product inspiration, and 92 per cent of retailers are investing in AI to improve experiences. Fifty-nine per cent of retailers are utilising generative AI for in-store recommendations, while 55 per cent are exploring or employing it to create conversational digital assistants online.

ALCHEMPro News Desk (NB)

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