Stat Library

Gen Z shoppers are 2.7x as likely as baby boomers to want product recommendations from AI agents (63% vs 23%).

Shoppers’ Top Agent Use Cases

1. Answer questions for faster customer service
2. Optimize loyalty points
3. Complete returns and exchanges
4. Secure high-demand products before they sell out
5. Buy items when they reach a target price

84% of retailers currently use AI.

• Only 2% of retailers say they have no plans to use AI.

76% of retailers are increasing their AI investments

74% of retailers are increasing their data management investments

Top Benefits of AI in Retail:

1. Increased employee productivity
2. Improved experiences for shoppers
3. Increased revenue
4. Improved supplier relationships
5. Improved employee experience

89% of retailers with AI say it increases their online sales volume.

85% of retailers with AI say it reduces their operating costs

86% of retailers with AI say it will restructure how they operate

85% of retailers agree AI advancements are transforming retail.

84% of loyalty program members say the programs make them more likely to repurchase

The average shopper belongs to four loyalty programs.

• 77% of shoppers belong to at least one loyalty program
• 35% of shoppers belong to a loyalty program they’ve never used