Narvar's 2024 State of Returns report is here—get your copy now!
Ditch status-quo, one-size-fits-all returns. → Learn More
Narvar's 2024 State of Returns report is here—get your copy now!
In today's fast-paced digital world, UK consumers are no longer satisfied with generic shopping experiences. A recent survey by Accenture found that 91% of consumers are more likely to shop with brands that provide relevant offers and recommendations. They crave personalisation – the kind that makes them feel understood and valued by the brands they love. This shift towards personalised shopping experiences is reshaping the retail landscape in the UK, driven by advancements in artificial intelligence (AI) and machine learning (ML).
80% of consumers are more likely to make a purchase when brands offer personalised experiences.
Personalisation has always been a key element in customer service, but it's now becoming a crucial differentiator for retailers. With the proliferation of online shopping, customers expect brands to know their preferences, anticipate their needs, and provide tailored experiences. In the UK, this trend is particularly pronounced, with consumers showing a strong preference for brands that offer personalised interactions.
According to a recent study by Epsilon, 80% of consumers are more likely to make a purchase when brands offer personalised experiences. This indicates a significant opportunity for UK retailers to enhance customer satisfaction and loyalty through personalisation.
The ability to deliver personalisation at scale has been made possible by advancements in AI and ML. These technologies enable retailers to analyse vast amounts of data to understand customer behaviour, preferences, and purchasing patterns. By leveraging this data, retailers can create highly targeted marketing campaigns, recommend products that align with individual tastes, and offer personalised promotions that resonate with customers.
At Narvar, we’ve seen how effective personalisation can be. Our platform leverages AI to provide retailers with deep insights into customer behaviour, enabling them to deliver tailored experiences that drive engagement and conversion. One of the standout examples of how Narvar uses machine learning to enhance personalisation is through our Narvar Promise solution. Narvar Promise uses advanced ML algorithms to predict accurate delivery dates, providing customers with reliable information about when their orders will arrive. This not only sets realistic expectations but also enhances the customer experience by reducing anxiety related to delivery times.
By analysing historical data, carrier performance, and various other factors, Narvar Promise can offer precise delivery date estimates. This level of personalisation helps build trust with customers, as they feel more informed and in control of their shopping experience. Moreover, by providing proactive updates and notifications, Narvar Promise ensures that customers are kept in the loop, further enhancing satisfaction and loyalty.
Tracking is another critical aspect of the post-purchase journey where personalisation can make a significant impact. Narvar's personalised tracking solutions provide customers with tailored updates and notifications about their order status. This includes dynamic estimated delivery times, real-time tracking, and customised communication preferences. Personalised tracking experiences keep customers engaged and informed, reducing anxiety and enhancing overall satisfaction.
Personalised promotions are another area where AI and ML are making a significant impact. Traditional marketing campaigns often rely on broad segmentation, but with AI, retailers can create micro-segments and tailor promotions to specific groups or even individuals. This ensures that customers receive offers that are relevant to them, increasing the chances of engagement and conversion. Retailers can also personalise components on the tracking page, such as recommending complementary products or offering special promotions based on the customer's purchase history.
96% of customers who have a positive returns experience are likely to shop with that retailer again.
Personalisation doesn't end with the purchase; it extends to the returns process as well. Narvar's data shows that 96% of customers who have a positive returns experience are likely to shop with that retailer again. Personalised return policies can significantly enhance customer satisfaction by offering flexible return options tailored to individual customer preferences and behaviours. For example, frequent shoppers might receive extended return windows or instant refunds, creating a more accommodating and stress-free returns experience.
The ultimate goal of personalisation is to enhance customer satisfaction and build loyalty. When customers feel that a brand understands and values them, they are more likely to remain loyal and continue shopping with that brand. Personalised experiences create a sense of connection and trust, which are essential for long-term customer relationships.
In the UK, where competition in the retail sector is fierce, personalisation can be a powerful tool for differentiation. Retailers that invest in AI and ML to deliver personalised experiences are likely to see a positive impact on customer satisfaction, loyalty, and ultimately, their bottom line.
Personalisation at scale is not just a trend; it's a necessity for UK retailers looking to stay relevant and competitive. By leveraging AI and ML, retailers can offer tailored recommendations, customised promotions, personalised tracking experiences, flexible return policies, and proactive communication that enhance customer satisfaction and loyalty. As the retail landscape continues to evolve, personalisation will remain a key driver of success for brands that are willing to embrace and invest in these transformative technologies.
By incorporating solutions like Narvar Promise, UK retailers can enhance the post-purchase experience with personalised delivery date predictions and proactive communication, ultimately building stronger relationships with their customers.
