What in the world of B2B can we learn from a holiday retail report? A lot, says ForeSee CEO Larry Freed, whose company released this week its ForeSee Experience Index (FXI): 2013 U.S. Retail Edition.
"The trends of the importance of the customer experience apply to the B2B world every bit as much as in the consumer world," Freed told CMSWire. "All customers, B2B and B2C, demand a great experience, and if they don’t get a great experience they will take their business elsewhere."
A second study released today by Baynote, a provider of personalized customer experience solutions, shows promotions, mobile access, ease-of-use, rating and reviews make or break holiday shopping. Baynote's 4th Annual Holiday Online Shopping Survey, conducted in partnership with the e-tailing group, surveyed 1,000 US online holiday shoppers post Cyber Monday to analyze consumer behavior and buying influencers across various retail channels, including physical stores, e-commerce websites and social networks on both tablets and mobile devices.
Amazon, L.L.Bean at the Top
Let's start with a peek at the Foresee numbers. ForeSee looked at company-level and channel-specific customer satisfaction analysis for the top 100 US retailers across every applicable sales channel including store, contact center, web and mobile. The study included more than 67,600 surveys collected between Nov. 29 and Dec. 17 for the 100 biggest US retailers as reported by the Fortune 500 and the Internet Retailer’s top 100 websites.
Retailers who mastered the multichannel experience were the winners in the report, according to Freed, whose company was bought by Answers Corp. last month.
Amazon was the big winner across multiple channels. It tied L.L.Bean with a score of 90 for the highest company-level satisfaction. The L.L.Bean Website has scored an 80 or above in web satisfaction eight out of the nine years ForeSee has been measuring, and Amazon has topped the web satisfaction list every year.
Asked what surprised him most about results, Freed said a number of things.
"In mobile satisfaction the fact that Amazon is a full five points ahead of everyone else is amazing -- the company is literally blowing away the competition in mobile," Freed told CMSWire. "In the company level satisfaction I was pleasantly surprised that L.L.Bean tied Amazon for the top spot. We expect Amazon to be there, but hats off to L.L.Bean. The company is focused on the customer experience, and it is paying huge dividends for them."
The clear loser in the study? Priceline.com came in with the lowest company-level satisfaction (76), as well as the lowest Web satisfaction (75) and mobile satisfaction (73) scores.
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Some other key findings: