Consumers are leaning into trends inspired by TV and pop culture, with Gen Z ushering in a return of the "goth look" - corsets, platform boots, and moody, dark colors - to the mainstream, made popular by hit TV shows such as Netflix's "Wednesday." From Q3 to Q4 2022, Syte data showed corsets and laser-cut apparel growing 26% and 159%, respectively.Pop Culture and Y2K Revival Continues to Shape 2023 Fashion As market conditions remain tough and consumers continue to tighten their belts, Syte expects that 2023 will continue to see higher transactions and spending via desktop than on mobile, as shoppers take the time to search for sale items and special promotions.In certain verticals, that spend is significantly higher on desktop, as in the case of jewelry (39% higher) and fashion and apparel (37% higher).Consumers overwhelmingly prefer to search for products on their mobile devices but average order values across all verticals remain higher on desktop.Mobile Spending Still Lags Behind Browsing This analysis goes beyond the SKU level to provide insights into the details that shoppers prefer - from styles and cuts to colors and materials, as identified by Syte's visual-AI-powered product tags. With the first half of 2023 underway, Syte has identified what consumers are gravitating towards for winter and beyond, with notable changes in purchase habits over the last three months. With this in mind, retailers and brands need to put extra attention on closing the gap between consumer engagement and spending, ensuring that shoppers are easily finding what they're looking for and being redirected to the right products as needed." "Consumers are still being cautious about their discretionary spending and we likely won't see signs of a strong rebound until at least the second half of the year. "With consumers finding it nearly impossible to avoid the impact of inflation, and experts predicting a long and bumpy road ahead, it's crucial for retailers and brands to be thinking about improving performance and efficiencies throughout their entire business model to retain and increase revenues," said Syte CEO, Vered Levy-Ron. The report includes trends and findings from an analysis of more than 2.9 billion eCommerce sessions from the company's expansive global database of fashion, jewelry, and home decor brands and retailers, between July 1 and December 31, 2022.Īs the retail and fashion industries continue to face headwinds and a volatile landscape due to high inflation and decreased consumer spending, the State of eCommerce Discovery in 2023 report peels back the layers of consumer behavior and spending patterns to highlight deep insights that can boost efficiencies and business performance. TEL AVIV, Israel, Ma/PRNewswire/ - Syte, the leading Product Discovery Platform for retail, today published its annual State of eCommerce Discovery report. Annual report identifies trending fashion styles ahead of summer as well as how consumer behaviorĪnd spending patterns continue to transform amid record inflation
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