Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,418.71 -6.14 -0.04%
S&P 500 1,864.51 2.20 0.12%
NASDAQ 4,092.14 5.92 0.14%
Ticker Volume Price Price Delta
STOXX 50 3,150.36 11.10 0.35%
FTSE 100 6,620.42 36.25 0.55%
DAX 9,395.43 77.61 0.83%
Ticker Volume Price Price Delta
NIKKEI 14,417.53 -0.15 -0.00%
TOPIX 1,166.59 0.04 0.00%
HANG SENG 22,760.24 64.23 0.28%

Bazaarvoice Unveils New Social Business Capabilities that Promote Authentic User Content to Enable World-Class Digital Shopping



Bazaarvoice Unveils New Social Business Capabilities that Promote Authentic
User Content to Enable World-Class Digital Shopping Experiences

AUSTIN, Texas, March 5, 2013 (GLOBE NEWSWIRE) -- BAZAARVOICE SUMMIT -- Today
at its sixth annual Summit, Bazaarvoice, Inc. (Nasdaq:BV), a leading social
and e-commerce software company, announced a collection of platform
advancements that give brands and retailers new ways to participate in
consumer conversations. The additions to the Bazaarvoice platform, as well as
a new mobile application, further enable the authentic, informative content
that helps attract and convert shoppers and nurture brand advocates.

Bazaarvoice Connections Adds Ability to Respond to Reviews

Last fall, Bazaarvoice announced Bazaarvoice Connections, a technology
solution that allows brands to engage shoppers by providing expert answers to
consumer questions on participating retailer sites in the Bazaarvoice Shopper
Network. With more than 450 clients representing over 1,000 brands
participating in Q&A on 20 different retailer sites, Bazaarvoice Connections
is leading the way for suppliers and manufacturers to engage in-channel in an
authentic way. To help deepen the opportunity for retailers and brands to
offer more of the helpful content consumers seek, Bazaarvoice is expanding the
scope of Connections to allow manufacturers and suppliers to also provide a
branded response to reviews of their products on retail sites.

According to a recent survey conducted by Wakefield Research, consumers view
products with negative reviews much more favorably when brands provide a
response. On average, consumers stated they were twice as likely to purchase a
product when seeing a negative review that included a brand's response versus
seeing the negative review by itself. Through the Bazaarvoice Connections
review response feature, brands can quickly prioritize and respond to
consumers' reported issues, solve problems and correct misperceptions, all
while gaining valuable product improvement insights. As a result, brands gain
the opportunity to protect their reputation in the retail channel, retailers
can create a preferred shopping destination with rich content that increases
site traffic, and both can benefit from higher sales conversion.  

The new review response feature has been piloted since January 2013 by several
brands on Best Buy's website and is now accessible to all Bazaarvoice retail
clients and their vendors.

Bazaarvoice Loyalty Incentivizes Content Creation and Interaction

Consumers rely on word of mouth to guide important purchases, but how can
brands encourage customers to interact, create advocates and keep customers
coming back?  Available today for clients using the Bazaarvoice Conversations
2013 platform, Bazaarvoice Loyalty brings together several proven
techniques—ratings and reviews, Q&A, game mechanics, social sharing and
more—with key features including:

  * Loyalty leaderboard: Reflects a site's unique personality with a fully
    customizable solution that recognizes and displays top contributors and
    encourages competition. Customers will move up the leaderboard as they
    earn points and badges engaging with a brand by creating or sharing social
    content.
  * Social content integration: Reward customers with points, badges and other
    incentives for writing reviews, answering questions and sharing content.
     Out-of-the-box integration with applications for Facebook and other
    social networks allows brands to award points for social sharing activity,
    and Bazaarvoice Loyalty also easily syncs to existing loyalty rewards
    program to create a seamless customer experience.
  * Customizable control of the experience: Enjoy full control and flexibility
    to assign points and badges for all online actions including automatically
    assigning level badging based on points earned.
  * Robust, easy-to-use portal and reporting: Zero-code implementation and an
    easy-to-use dashboard interface make it simple to activate a loyalty
    program and quickly make changes.  Meanwhile, comprehensive reporting
    allows clients to identify the most engaged users and access detailed
    reports to optimize their site experience and increase social ROI.

Mobile Associate App Brings User-Generated Content to the Store Aisle

Consumers simply demand connectedness, including when they're shopping in
brick-and-mortar stores.  According to Pew Research, 35 percent of consumers
that compare price on a mobile device in-store decide to purchase at that
store, while 19 percent purchase the product online. For this reason,
Bazaarvoice is now piloting the Mobile Associate App to help brick-and-mortar
store associates convert visitors into customers. Powered by user-generated
content, the app turns store associates into trusted advisors by arming them
with the knowledge and content that can convert "show-rooming" into sales.

Even when customers choose not to buy in-store, the Mobile Associate App can
help bridge the brick-and-mortar and at-home/online shopping experiences with
a follow-on e-mail that remembers what the customer was considering and leads
them back to your website or physical store.  Designed for easy adoption, the
app can be enabled on personal or store-issued devices, giving associates a
simple and effective way to search for products by name or barcode scan,
access product comparisons, highlight product pros and cons from reviews, and
save products to a list that can be e-mailed to the customer.

Comments on the News:

"Product reviews give us critical insight about how VIZIO fans use our
products in their daily life but monitoring these conversations on retail
sites can be incredibly time consuming," said Gustavo Perez, SD Call Center
Escalations Manager at VIZIO. "With Bazaarvoice Connections, we now have a
centralized repository where we can quickly identify all products with reviews
at a retailer site and prioritize those that need our response. It's a huge
gain for Vizio customer engagement and brand power because we are able to
reach customers directly at the retail level, where we can influence sales and
track common issues and questions that help us improve our products and
customer support."

"Consumers intuitively connect with each other to share information, which is
why product reviews are so influential in the purchase process. The
opportunity for retailers and brands is to become part of those conversations
by connecting with consumers when they're most in need of product insight,"
said Neville Letzerich, executive vice president of Product Management at
Bazaarvoice. "Whether consumers are online or wandering in a store aisle, our
focus at Bazaarvoice is on delivering the solutions that help acknowledge
their needs, deliver the right information at the right time, and deliver a
more satisfying experience."

About Bazaarvoice

Bazaarvoice, a leading social and e-commerce software company, assists clients
in bringing the voice of the customer to the center of business strategy. 
With over 2,000 clients globally, including over half of the Internet Retailer
500, over 20 percent of the Fortune 500 and over one-third of the Fortune 100,
Bazaarvoice helps clients to leverage social data derived from online word of
mouth content to increase sales, acquire new customers, improve marketing
effectiveness, enhance consumer engagement across channels, increase success
of new product launches, improve existing products and services, effectively
scale customer support, decrease product returns and enable retailers to
launch and manage on-site advertising solutions and site monetization
strategies. This online word of mouth content can be syndicated across
Bazaarvoice's global network of client websites, shopper media sites and
mobile devices, making the user-generated content that digital consumers trust
accessible at multiple points of purchase. Headquartered in Austin, Texas,
Bazaarvoice has offices in Amsterdam, London, Munich, New York, Paris, San
Francisco, Stockholm and Sydney. For more information,
visit www.bazaarvoice.com, read the blog at www.bazaarvoice.com/blog, and
follow on Twitter at www.twitter.com/bazaarvoice.

The Bazaarvoice logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13784

CONTACT: Media Contact:
         Matt Krebsbach
         Bazaarvoice, Inc.
         (512) 551-6612
         matt.krebsbach@bazaarvoice.com

Bazaarvoice Logo
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement