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Sunday, 11 December 2016

Criteo performance marketing helped ZALORA achieve 942% increase in sales transactions last year

  • Brands that recognise seasonality trends achieve more user engagement
  • Marketers must leverage mobile and embrace cross-device behaviours 
  • Prior to 12/12, ZALORA achieves more than 900% increase in sales through Criteo’s mobile and cross-device retargeting technology

Criteo, the performance marketing technology company, has found that Southeast Asian consumers are shopping more online during 12/12, or 12 December. The date marks the end of a sale extravaganza which begins on the mega sale originally conceived by Alibaba on 11.11, 11 November. According to Criteo, 62% of users make the final purchase on a different device than the one they initially browsed with, and regional retailers which capitalise on this mobile shopping trend will be more successful at converting transactions in the shopping seasons that follow.

Based on Criteo’s analysis of 19 million transactions made in Southeast Asia to key retailers’ websites last year, findings include:

· On 12 December 2015, there was a 26% visitor uplift to key retailers’ websites and 140% sales uplift.

· In Singapore, 800,000 transactions were analysed. On 12 December, there was a 17% visitor uplift to key retailers’ websites and an 85% sales uplift.

· Six in 10 (62%) buyers browsed key SEA retailers’ websites with a different device before making a final purchase. Retailers must embrace consumers’ cross-device browsing and purchasing habits and ensure they are using technology that allows them to engage the same person shopping across multiple devices.

· Criteo predicts that mobile commerce (m-commerce) will dominate e-commerce in driving sales this year – 34% of online transactions were generated by mobile phones, and a further 33% via mobile applications for brands leveraging Criteo technology*.

“Seasonal shopping events like 12/12 are becoming immensely popular across this region. Our proprietary data has also revealed a significant increase in online traffic and sales conversions leading up to 12 December. During this period, two-thirds of consumers browsed SEA retailers’ websites with a different device before making a final purchase. This shows that consumers are not only looking for the best online deals during seasonal periods, but are also doing so seamlessly across multiple devices.

Source: Criteo case study on Zalora. Zalora models.
Source: Criteo case study on Zalora. Zalora models.
"Retailers must therefore turn to cross-device retargeting and exact matching technology to precisely pinpoint their behaviours and engage with them wherever and whenever they browse and purchase,” said Alban Villani, Commercial Director, Criteo, Southeast Asia, Hong Kong and Taiwan.

ZALORA, Asia’s online fashion destination, recognised the need for a robust cross-device strategy to increase conversions and build loyalty across the consumer journey. While they have a dynamic website, ZALORA needed to not only increase its mobile app traffic but also repeat in-app interactions and transactions.

Comparing year-on-year (YoY) data for in-app traffic and sales transactions across Southeast Asia, Criteo’s performance marketing solution has helped ZALORA achieve a 942% increase in sales transactions and an 803% increase in in-app traffic*. By leveraging the strength of the Criteo Engine, they were able to analyse each shopper’s readiness to purchase, their navigation patterns, geographic locations and seasonality, before delivering the right number of relevant and personalised ads to boost revenue at optimal costs.

“Criteo has become a phenomenal partner for us in Southeast Asia and has significantly increased our customer interactions and brand loyalty. We have also become more efficient with our marketing spend while enabling us to maximise our profitability. This is especially important during key seasonal shopping periods such as on 12 December, as more retailers start to recognise these seasonality uplifts in sales. The challenge is being able to recapture the consumers’ attention and Criteo’s Engine has ensured that our ads are always relevant to shoppers, thus helping to drive sales conversion,” added Tito Costa, Regional MD, ZALORA Group.

*The 34% of online transactions generated via mobile is an average based on all retailers analysed, while the 33% through mobile applications is an average of retailers having an in-app campaign with Criteo. In Singapore, Criteo’s performance marketing solution helped ZALORA achieve a 472% increase in sales transactions and a 363% increase in in-app traffic.

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