‘Tis the season for holiday spending forecasts, quick tips on how to save, endless recommendations on where to buy and when to shop. But as a new study from Placed and RetailMeNot finds, one word binds marketers, advertisers, and shoppers together in 2015: omnichannel. This first annual study surveyed over 10,000 respondents from Placed’s audience, taking a deep dive into the 2015 holiday shopping landscape. The insights inform retailers everywhere on how they can win consumer bucks, a challenge that becomes progressively more gigantic each year.
Fortunately for retailers though, the abundance of predictions for 2015 holiday spending are positive. With US consumers set to pay the cheapest prices for gas since 2008, according to the AAA, estimates for shopper spending is optimistically rising. “State of Holiday Shopping” found that nearly 82% of consumers plan to maintain or increase their holiday shopping budgets this year over 2014, setting the retail landscape to be one strong in numbers.
In fact, the study quantified just how optimistic retailers should be:
- $492.72. The average amount consumers plan to spend on gifts.
- 28%. The amount of shoppers who are planning to increase their holiday spending over 2014.
- $159.13. The average increase in spend per shopper who is planning to spend more.
When asked how they envision how this holiday shopping spend to break out in terms of offline versus online in comparison to last year, consumers affirm the omnichannel holiday shift:
- 25% of shoppers plan on doing more online shopping
- 11% plan to do more in-store shopping this year over last year
- 19% of shoppers plan to do more of both
In 2015, this omnichannel shopper shifts from minority to majority with 55% of consumers planning to holiday shop equally online and offline. In years past, marketers have watched as digital accelerated retail down the omnichannel path; now, this holiday season will pave 2015 as the year of the omnichannel shopper.
Download the White Paper for more key insights into the 2015 holiday shopper at www.placed.com/resources/white-papers/state-of-holiday-shopping-2015.
Placed is excited to announce the addition of seven new partners utilizing Placed Attribution, ad to store visit, and Placed Targeting, location based audience segments. These partners join the over 70+ advertisers, agencies, networks, platforms, and publishers using Placed to measure in-store visitation and advanced location based targeting.
With the addition of these new partners, Placed and its partners deliver to brands and agencies a single currency to measure store visits, available across the largest network of partners crossing programmatic, publishers, ad networks, apps, and video.
The industry has spoken, and they have chosen Placed as the attribution solution that delivers on scale, accuracy, consumer privacy, and is completely independent of ad sales. By delivering a solution that is trusted by media buyers and sellers, as well as consumers, Placed Attribution is the industry standard metric for measuring store visits.
These new partners continue Placed’s momentum across media buyers and sellers:
DataXu, RUN, and The Trade Desk join Adelphic and StrikeAd as previously announced DSPs integrated with Placed. With the addition of these partners, Placed firmly establishes itself as the standard currency to measure the impact of programmatic advertising to store visits.
New network partners integrating Placed include Drawbridge, TapJoy, and Vistar Media. These partners will also have access to Placed Targeting, which enables advertisers to reach audience segments utilizing location.
Read the Full Announcement: Placed Standardizes In-Store Attribution and Location Targeting Across Programmatic and Network Advertising Partners
Preview Placed Growing List of Partners: Placed Partner List
Placed News – See What Others Are Saying About Placed:
Placed has released it’s monthly top 100 business ranking, based on in store foot traffic, for December. This month’s big movers, highly influenced by the crucial holiday shopping season were almost entirely clothing and specialty retailers. Led by Macy’s, whose 25 point month-over-month change is a Placed 100 record, the list included Bath and Body Works, Victoria’s Secret and of course Toys ‘R’ Us.
This month’s top 10 movers:
Another interesting story found in the results, comes by way of Sprint. As detailed in Placed’s recent white paper, Sprint is in the middle of a massive “Cut your bill in half” campaign. While Sprint did not gain in the rankings, they were able to remain constant while competitors all fell during the month echoing the white paper results.
The Automotive category took the biggest hit this December led by Auto Zone and Enterprise Rent-a-car, both dropping 11 points in the rankings.
View the full rankings here.
On December 5th Sprint launched, “The Cut Your Bill in Half Event,” where consumers could bring a copy of their Verizon or AT&T bill to a Sprint store and their Sprint would cut their bill in half. Beyond the aggressive discounting, this promotion was unique in that it required a consumer to go into a Sprint store to complete the offer.
With the world’s largest opt-in location panel, Placed was able to directly measure the change in store visits to Sprint store as compared to the other wireless carriers. The results in the first two weeks were clear, this promotion is having a material impact in offline visits.
- Week 1: Sprint saw the largest % increase in foot traffic across all wireless carrier stores
- Week 2: Sprint increased foot traffic market share by almost 3% since the start of the sale
Download the White Paper, Foot Traffic Impact of Sprint’s ” The Cut Your Bill in Half Event” for additional details including corresponding TV spend.
The November Placed 100 was released today highlighting last month’s big movers in terms of foot traffic. November is always a critical month given Black Friday and the holiday shopping crush. Not surprisingly, many of the businesses with the biggest jump in the store visit rank were retailers.
Leading the charge was American Eagle Outfitters, who not only cracked the top 100 for the first time, but did so by moving up 17 positions to number 84. A host of other fashion retailers were also big movers including JC Penny (+17), Victoria’s Secret (+16), Marshall’s, Ross and Old Navy. Toys also made a big push as Toys ‘R’ Us was up 16 spots, also cracking the top 100 for the first time.
Foot traffic to stores selling electronics, the ever-popular holiday gift, were up across the board, led by Best Buy (+8), GameStop (+7), and mobile phone providers T-Mobile, Verizon and Sprint.
Dropping in the store visit rankings this month were quick serve restaurants like Dairy Queen (-15), KFC (-10), and Domino’s Pizza (-9). Thanksgiving dinner this year, apparently was all home cooking. Travel related business such as gas stations and hotels saw declines in foot traffic, following the end of the busy summer travel months.
View the full Placed 100 to see the other big movers last month.
This post is adapted from analysis written by Jon Swallen, Chief Research Officer, Kantar Media Ad Intelligence.
Access the full analysis.
Placed and Kantar once again partnered to deliver the definitive Black Friday study measuring the impact of television advertising on driving customers into stores. The findings highlight the importance of pre-Thanksgiving advertising spend on generating foot traffic during this critical weekend.
As in any contest, some competitors do better than others. The results of this year’s study are no exception as mega-retailer Walmart used their massive scale to both outspend and outdraw its rivals. Spending north of $70 million, Walmart not only drew a 38% share of in-store shoppers but did so at the lowest cost per share of any retailer in the study.
By contrast, Target spent nearly as much as Walmart but drew nearly 2/3 less visitors over the 4 day period (a 13% share). It wasn’t all bad news for Target, however, as store traffic was up nearly 22% vs. the week prior.
Download the full report here.
Following up on the recently announced partnership with Dstillery, Placed is excited to release the first set of performance metrics tied to a desktop campaign for a top 5 department store in the US:
- 5.32% Store Conversion Rate for Desktop Impressions
- 33.54% Lift in Store Conversion Rate (Exposed vs Unexposed)
In a first for the industry, combining Placed Attribution and Dstillery’s CrossWalk multi-device intelligence technology, this study connects the dots between desktop campaigns and offline behavior. This solution is a significant step forward for clients and the digital advertising industry to quantify desktop impressions to real world store visits.
To learn more about the collaboration, simply reach out to your Dstillery contact, http://www.dstillery.com, or contact Placed at email@example.com.
Placed is excited to share that PayPal Media Network is one of our newest collaborators, leveraging both Placed Attribution and Placed Targeting. PayPal Media Network’s scale and years of experience in mobile location based advertising, combined with Placed’s industry leading in store attribution and targeting solutions will add tremendous value for advertisers and media agencies.
By selecting Placed Attribution to measure in store visitation, PayPal Media Network will enable advertisers to see beyond the click to quantify campaign results by measuring consumer actions offline. Advertisers benefit from:
- An Independent Solution for Store Attribution
- Actual In-Store Visits and Accurate Lift Metrics
- Audience Insights
- No Technical Implementation
Placed Targeting expands upon traditional place location based targeting, allowing PayPal’s advertisers to use physical location to target consumer behaviors. By identifying the locations that target audiences are more likely to visit, enabling PayPal Media Network to expand a campaign’s reach and performance.
To learn more about the collaboration, simply reach out to your PayPal Media Network contact, visit the PayPal Media Network site at http://advertising.paypal.com, or contact Placed at firstname.lastname@example.org.
Thinknear is the latest to join a growing list of partners adopting Placed Attribution as the standard for measuring the offline impact of mobile ads.
The recently announced partnership leverages Placed Attribution, which measures over 125 million locations per day from the world’s largest opt-in location panel, to quantify the correlation between mobile ad exposure and brick-and-mortar visitation for Thinknear clients.
“In many ways, we’re offering the Holy Grail of mobile attribution with this partnership,” explains Thinknear General Manager, Eli Portnoy. “By connecting mobile ads to in-store visits, we can help advertisers close the attribution gap and understand how their ad spend is paying off.”
David Shim, Placed CEO and Founder, commented:
“Thinknear’s partnership with Placed highlights the importance of independent third-party attribution to connect mobile ad exposure to real-world action. By separating media from attribution, Thinknear provides a solution that is free of any conflict of interest, making the end beneficiary the advertiser.”
Placed Attribution provides metrics such as visit lift, projected store visits, demographics, and geographic insights to give advertisers the information they need to validate and optimize their mobile ad spend.
To learn more about using Placed Attribution to measure the offline impact of your mobile ads, contact us at email@example.com