Home   | News   | Events   | Careers   | Library   | Topics   | Members   | Vendor Directory   
Online Shopper Satisfaction Slips,According to ForeSee Results Holiday Retail Benchmark

Online Shopper Satisfaction Slips,According to ForeSee Results Holiday Retail Benchmark

Customer satisfaction with retail websites is slipping, according to ForeSee Results’ weekly holiday benchmark. After a small and nearly insignificant decline last week, satisfaction declines for the second week in a row, bringing it to 75.2 on the study’s 100 point scale. For context, satisfaction two weeks after Thanksgiving last year was significantly higher (77.6).

ForeSee Results measures online customer satisfaction using the methodology of the University of Michigan’s American Customer Satisfaction Index (ACSI) which predicts purchase intent (both online and offline) as well as loyalty and recommendations.

4 Steps to Monitoring Team Performance to Accelerate Sales and Improve Customer Satisfaction

whitepaper
Answer a few questions to download a FREE whitepaper now.
What features are you looking for in a CRM Solution?
Lead tracking/management     Marking campaign tracking and reporting
Contract tracking/management Call center tracking and reporting
Sales pipeline forecasting/analysis
How many employees will work with this system? 
When do you need to have a CRM solution in place?
Because of the ACSI’s scientifically proven predictive abilities, for many online retailers, satisfaction is the best measure of future success and can be a crucial bellwether during uncertain economic times.

Satisfaction has been consistently lower this year than last, “but that is to be expected, given the economy, and I’ve still remained cautiously optimistic,” said Larry Freed, President and CEO of ForeSee Results. “But the satisfaction gap between last year and this year is growing, and since we’ve seen our measures of online satisfaction tracking with Comscore’s weekly revenue reports, it’s starting to look a little worrisome.”

Satisfaction
2007

Satisfaction
2008

% Difference

Thanksgiving Weekend

77.1

75.5

-2.08%

Cyber Monday (12/1)

76.6

75.9

-0.91%

Week 1 after Thanksgiving (12/1-12/7)

76.3

75.6

-0.92%

Week 2 after Thanksgiving (12/8-12/14)

77.6

75.2

-3.09%

Other findings from the second weekly holiday benchmark report:

“We don’t have analysis back from ‘Green Monday,’ but with free shipping deadlines ending this week, its going to be a critical week, not just a critical Monday, to turn things around,” said Larry Freed.

Other Latest News of this Category: