Industry Indices July/August 2019
July 15th, 2021 by Nathan HobbsCustomer Behaviors
41%: Browse businesses online prior to making in-store purchase
+$620 The additional amount visitors to retail websites spend (over just store visits)
Customer Satisfaction Among Visitors (out of a 1,000 point scale)
821 to retail websites
869 to social networking sites
843 to image and video sharing sites
Home Improvement Product Sales (billions)
$400: 2018
$420: 2019 (Projected)
Fielded between January and February 2019; responses were gathered from 2,433 customers who purchased home-improvement-related items from a home improvement retailer over the previous 12-month period
Source: J.D. Power Home Improvement Retailer Satisfaction Study 2019
“Online retailers do introduce new competition, but when traditional retailers get their online/offline formula right, they are able to really differentiate by offering a level of personalized knowledge and expertise that cannot be replicated in an online-only environment.”
—Christina Cooley, J.D. Power home intelligence
Business Challenges for Manufacturers
1 in 4 have turned away business due to workforce shortages
77% Said nation’s infrastructure is not up to standard and threatens their competitiveness
Source: National Association of Manufacturers Quarterly Manufacturers’ Outlook Survey
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