Omnicommerce

New Index: Merchants Hop Aboard The (OmniReadi) Train

Merchants of all shapes and sizes are going after omnireadiness at full throttle these days.

According to the Q4 2016 PYMNTS OmniReadi Index™, being OmniReadi is no longer a priority for just the top-performing merchants. Instead, low-performing merchants are quickly closing the omnireadiness gap after several quarters of widening.

At its widest, the gap spanned 53 points during Q2 2016 but has since decreased to 48.5 points. That’s still high, but it’s a sign of improvement. While the low-performing merchants improved on offering wish lists, faster checkout and live help, the top performers added features like purchase history and product purchases on their mobile apps.

Other key takeaways from the Q4 2016 Index include:

– Omnireadiness seems to be coming out of its slump, which began at the end of the 2015 holiday season. The overall Index score increased from 66.6 to 67.4 this quarter.

– Sporting Goods retailers continue to win the OmniReadi championship, with an Index score of 76.

– Top-performing merchants still continue to improve but at a much slower rate — the top 10 merchants had the lowest growth this quarter.

The Index also features a conversation with Tobias Hartmann, President of Radial, an omnichannel commerce and technology provider that helps retailers improve upon their post-click commerce and customer experience.

Hartmann shared insights on four important ingredients that merchants must mix into their recipe as they extend their omnichannel offerings this holiday season.

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Download the report 

download-omnireadi

Click here to download the Q4 2016 PYMNTS.com OmniReadi Index™

 

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Latest Insights: 

The Which Apps Do They Want Study analyzes survey data collected from 1,045 American consumers to learn how they use merchant apps to enhance in-store shopping experiences, and their interest in downloading more in the future. Our research covered consumers’ usage of in-app features like loyalty and rewards offerings and in-store navigation, helping to assess how merchants can design apps to distinguish themselves from competitors.

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