Deep Dive 23 minutes PremiumDeep Dive: Adapting to Changing Media Consumption and the Digital Channel’s Influence on Retail Coresight Research August 1, 2017 Executive Summary Consumers’ media consumption preferences and habits have changed rapidly. In this report, we examine what these changes could mean for the retail sector. The average American spends nearly half the day staring at a screen. According to Nielsen, US adults spent 11 hours and 22 minutes daily consuming media in the fourth quarter of 2016, up a full hour from a year earlier. While Americans are spending more time consuming media, traditional channels such as TV and radio have begun to lose share to smartphones, devices such as Apple TV and Roku, and online streaming services such as Netflix, Hulu and Amazon Video. As consumers move away from traditional media viewing, retailers have been forced to adjust their digital media strategies. And with people spending more and more of their daily lives engaging with digital media, the digital channel’s influence on retail sales continues to grow. With new devices, greater wireless connectivity and evolving media business models, digital interaction and engagement are taking on new forms. As consumers take more control of the digital experience, companies across industries are employing new strategies to engage them. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: NextGen Commerce, a Coresight Research Conference, June 2024: Agenda and Speaker DetailsHoliday 2023: Festive Frenzy of Social Commerce—Seven Social Media Strategies To Drive EngagementWeekly US and UK Store Openings and Closures Tracker 2023, Week 26: Walgreens Boots Alliance Drives Closures on Both Sides of the AtlanticDiscount Decades—US Grocery Discounters: Poised for Growth Amid Inflation and Economic Uncertainty