Payments Chart Of The Day | CHART: Mobile Order & Pay is already a meaningful channel for Starbucks Evan Bakker | April 29, 2016 Want to receive more charts, research, reports, and data from BI Intelligence? Learn More Now » Mobile Order & Pay, Starbucks' order-ahead platform, already comprises a material share of Starbucks' overall US transactions, just three-quarters into its national launch. - Mobile payments accounted for 24% of Starbucks' total US transactions in Q1 2016: Mobile has steadily climbed as a share of Starbucks' overall transactions, rising from 15% of weekly store transactions in Q2 2014 to 20% in Q2 2015.
- Mobile Order & Pay represents 4% of total US transactions. This is significant considering the platform was officially launched in September 2015. And this means that mobile order-ahead accounts for roughly 17% of Starbucks' mobile transactions.
- Mobile Order & Pay adoption is highest at the company's busiest stores. The platform represented 10% of overall transactions at the 300 busiest Starbucks stores, and that share rose all the way to 20% during peak hours. This is driving incremental sales at these stores in part due to higher throughput and shorter lines, according to Chief Digital Officer Adam Brotman.
Mobile Order & Pay will continue to increase its influence. We previously forecast that the platform will account for 6% of Starbucks' US store transactions in 2016, which seems likely given that it currently represents 4%. But by 2020, the platform will make up 22% of the firm's total US transactions, according to our forecast. This is similar to the share mobile payments holds now — we expect much of in-store mobile payments activity to be displaced by Mobile Order & Pay, meaning that many current in-store mobile payments users will transition to using Mobile Order & Pay as a preferred payment method.
You can gain access to everything BI Intelligence produces - ALL of our extensive research reports, newsletters, and data - when you claim your BI Intelligence ALL‑ACCESS pass. With this level of membership, you will gain immediate access to…
ALL Existing Reports:
Our research reports have taken thousands of hours to research, analyze and compile. With over 100 reports in our archive there is something for everyone with immediate profit-driving idea potential. Packed with data, insight and analysis the research helps you understand your chosen subject area in fresh new ways.
Actionable New Reports:
You'll receive around 6 new reports each month on topics that matter to you, delivered electronically the instant they're finalized for as long as you're a subscriber.
Carefully Curated Newsletters:
With access to all 5 of our INSIDER newsletters, you'll know about all the important developments that are impacting your company, your bottom line, and even your career. Our insightful news briefs give you the context around critical developments.
Timely Updates & An Online Research Center:
At least once a week, the BI Intelligence team will send you thought-provoking "extra" content in the form of charts, graphs, and graphics, along with our analysis of what it means.
And a 14-day Satisfaction Guarantee:
If you are not completely satisfied, you may cancel your ALL‑ACCESS pass before the end of your first 14-days and we will refund the full amount you've paid. | Did someone forward you this email? Sign up to receive free Charts Of The Day in your inbox. | | | | |
If you believe this has been sent to you in error, please safely unsubscribe.
0 comments:
Post a Comment