Le Lézard
Classified in: Science and technology
Subject: Survey

Seventy-Eight Percent of UK Ecommerce Websites' Search Engines Don't Work -- Leaving High-Intent Consumers Empty Handed


Seventy-eight percent of ecommerce websites in the UK are unable to convert shoppers due to their inability to "understand" natural language and thus, shoppers' intent, according to Klevu's new benchmarking report. Klevu, the Artificial Intelligence and Natural Language powered technology solution, found that over three-quarters of the 50 retailers researched delivered zero or irrelevant results when presented with conversational queries. Only 20% of retailers have the functionality to understand natural language and respond with products that were a precise match. Furthermore, a quarter were unable to handle misspellings by shoppers, with 75% missing out on additional sales through relevant product recommendations on category listing pages -- a strategy that doubled click-through rates for Finnish homeware retailer, Eurokangas.

Grenson Shoes received the highest rating for best product discovery experience across all benchmarking criteria. The heritage footwear brand allows consumers to navigate easily using multiple clauses, natural language, and even spelling mistakes. It makes relevant product recommendations and allows consumers to pinpoint the exact product they are searching for quickly.

Complicated search queries are on the rise today as more consumers rely on voice search on mobile, which means that ecommerce retailers must be able to comprehend natural language and shoppers' intent if they want to satisfy consumers. For example, searches for "best affordable" have grown 60% globally according to Google. Understanding shoppers' intent is critical for ecommerce retailers to remain competitive today as the spending landscape becomes more complex due to inflationary pressures and consumers use more complicated search queries to try to find what they are looking for online. However, most ecommerce sites are unequipped to understand shoppers' intent, resulting in customers leaving websites unhappy and empty handed. When sites understand online shoppers' intent, in the same way a human sales associate might, online retailers' conversion rates have been found to be four to six times higher.

"It's clear that major retailers need to work harder to ensure that their ecommerce experience meets consumers' expectations," said Nilay Oza, CEO and Co-Founder of Klevu. "As the ecommerce market in the UK continues to become more competitive and inflation causes consumers to tighten spending, the ecommerce sites that are able to quickly offer shoppers exactly what they are searching for, and merchandise that according to margin, will be the ones to continue to gain market share."

In other findings, forty-six percent of the retailers surveyed offered no product recommendations on their homepages. Using the right tools to make relevant product recommendations on the homepage lead to significant improvements to a retailer's bottom line. Amazon has said that purchases made through its recommendations increased revenue by 35%.

Forty-six percent of the retailers did not offer recently viewed products on any page, causing retailers to miss out on opportunities to remarket to consumers who have already shown interest in a specific product. In addition, only five percent of websites showed recently viewed products on all pages.

Halfords, Made, and Paul Smith were named in the survey as the other high performing ecommerce sites.

The Klevu team will be running free onsight website audits based upon the benchmarking research live at Shoptalk Europe from 6 - 8 June at Excel London (book here). These audits will analyze any site's ability to comprehend a wide variety of synonyms, manage through spelling errors, and present products that are more closely aligned with the consumer's needs. Additionally, retailers may request a free audit from the Klevu website.

ABOUT THE RESEARCH

The Klevu Ecommerce Product Discovery Index includes criteria on search, product discovery and website usability. Within the search criteria, the placement of the search box was considered as well as whether it contained clear instructions for the scope of search and discovery. The research included content shown across various pages, whether the search engine crawls and displays content as well as search results, the ability to hand search by SKU, misspellings, and successfully process various types of natural language queries containing brands, attributes, price, and more. Klevu looked into the zero results experience, investigated website usability, relevance of marketing messaging, and product recommendations.

ABOUT KLEVU

Millions of shoppers use Klevu to discover products on their favorite ecommerce sites. Klevu's proprietary technology increases conversion, reduces bounce rates and drives loyalty for more than 3,000 leading global brands, including Puma, Fred Perry, Paul Smith, Avon, Stussy, and Made. Klevu is an AI Search and Discovery Platform that leverages AI, Natural Language Processing and User Behavior Analytics to elevate the search experience, and automatically re-merchandise category listing pages and product recommendations. Retailers that use Klevu's full Product Discovery Platform provide unparalleled customer experience and achieve 37% more revenue per web session than those that don't.

Founded in Finland in 2013, Klevu has offices located in the UK, the US, India, Finland, Australia and Sweden. The end-to-end discovery and search solution is easy to configure, optimize and maintain, and can be integrated with major ecommerce platforms in as little as a few hours. For total creative control and headless ecommerce technologies, robust APIs and SDKs are available. For more information, please visit Klevu.com.


These press releases may also interest you

at 07:35
Cybin Inc. (Cboe CA:CYBN) ("Cybin" or the "Company"), a clinical-stage biopharmaceutical company committed to revolutionizing mental healthcare by developing new and innovative next-generation psychedelic-based treatment options, today announced...

at 07:35
ThinkCX Technologies Inc., a pioneer in advanced data analytics for the telecom sector, today announced the US launch of its groundbreaking product, Mobile SwitchInsight, set to redefine market intelligence capabilities for US wireless carriers....

at 07:32
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure. This additional capacity will be provided by a major Bitcoin...

at 07:30
Orezone Gold Corporation (the "Company" or "Orezone") is pleased to provide drill results from its Bomboré Gold Mine located in central Burkina Faso. The results are part of Orezone's ongoing infill and advanced grade control program which was...

at 07:30
Ziosoft, a pioneer in 3D/4D AI medical visualization, will feature its unique REVORAS-enabled thoracic surgical planning capabilities at the annual American Association of Thoracic Surgeons (AATS) conference being held April 27 - 29, 2024 in Toronto,...

at 07:30
Global entertainment platform delivers Revenue of $79 million and strong profitability, including Net Income of $3.3 million up 33% YoY and Total Adjusted EBITDA Margin(1) of 40.5% up more than 300 basis points YoY.IMAX system installations climb...



News published on and distributed by: