Molecular Expands User Experience Design Services; Announces New
Leading Retailer TJX to Launch New E-commerce Solution
WATERTOWN, Mass. - October 6, 2004 - Molecular, Inc., a leading
technology consulting firm, today announced a new component of its User
Experience Design/Redesign offering called Commerce Experience
Optimization. The new offering is a showcase for a next-generation
shopping cart and checkout solution called Single-Screen Checkout(TM)
which is designed to decrease shopping cart abandonment and increase
conversion rates.
Single-Screen Checkout
Shopping cart abandonment is one of the most commonly reported
impediments to online commerce revenue generation and profitability,
with several independent studies corroborating abandonment rates of up
to 75 percent. Research shows that, aside from issues relating to
pricing and shipping costs, customers are most confused and frustrated
by checkout processes that actually thwart their abilities to complete
transactions.
To solve this problem, Single-Screen Checkout is aimed at preventing
customers from leaving their purchase at the most crucial point of the
shopping process -- the checkout. Previewed this week at the 2004
Shop.org Annual Summit, the solution enables more efficient e-commerce
transactions through a dynamic experience in which the entire
transaction takes place on a single screen. The solution also affords
providers the opportunity to cross-sell directly into the shopping cart.
"Internet shoppers don`t want to have to work hard to give retailers
their money, which is why the page metaphor of the Web isn`t ideal for
complex tasks such as shopping. There are just too many variables going
through a consumer`s mind when shopping, and if you force people through
a linear process, you are, in fact, encouraging shopping cart
abandonment," said Darryl Gehly, vice president for Molecular. "Imagine
being at the checkout line in the grocery store and realizing you forgot
milk. Instead of having to run to the dairy aisle and losing your place
in line, someone simply hands you the milk while you checkout. That`s
the type of experience we try to create with Single-Screen Checkout.
With this new technology, Internet shoppers no longer have to click
back-and-forth between pages. Instead, a visible cart stays with the
shopper through the entire process until checkout is successfully
completed, giving shoppers control to add or edit cart items without
back-tracking to previous screens to make simple changes."
Single-Screen Checkout, which is a Rich Internet Application (RIA) built
on a service-oriented architecture, is expected to launch this month
with The TJX Companies Inc., the leading off-price retailer of apparel
and home fashions in the U.S. and worldwide. Recently, TJX entered
e-commerce with its T.J. Maxx and HomeGoods divisions, www.tjmaxx.com
and www.homegoods.com, respectively. Sherry Lang, vice president of
Investor and Public Relations for The TJX Companies, Inc. commented,
"Our goal is to ensure that our loyal customers enjoy the same easy
checkout experience with our Web channel as they do in our stores. With
a robust experience that includes Single-Screen Checkout, we`re
confident that our new site will not only provide a convenient shopping
experience, but also efficiently reduce checkout barriers that are a
common problem for online retailers."
User Experience Design/Redesign and Commerce Experience Optimization
By incorporating best practices in experience design, Molecular`s new
Commerce Experience Optimization offering provides clients whose sites
include commerce engines with robust solutions designed to improve
revenue generation and profitability through more effective,
user-centered experiences. With Commerce Experience Optimization,
service providers can increase customer satisfaction with the shopping
experience, and give users a sense of control by making the process
clear and convenient.
The company`s Product Configurator, a RIA originally designed for Yankee
Candle, is also part of the new offering.
Molecular`s User Experience Design/Redesign services improve online
interactions to enhance the utility, performance, and satisfaction with
the Web channel. Molecular consultants seek to deliver a highly
functional site which reflects a thorough understanding of customer
needs and expectations, not the organization`s internal structure or
preferences for how customers should behave. Relying on best practices
in visual design, information architecture and usability principles,
Molecular`s User Experience Design/Redesign offering delivers highly
accessible, practical applications in the context of engaging Internet
experiences.
About Molecular, Inc.
Molecular, a technology consulting firm, designs and builds
Internet-based solutions to help companies increase revenues and
decrease operating costs. For over 10 years, Molecular has directed
successful web initiatives for the nation`s top companies, including
Staples, Blue Cross Blue Shield of Massachusetts, Fidelity Investments,
Analog Devices and Talbots. For more information, contact Molecular at
http://www.molecular.com or at 617.218.6500. Molecular is located in
Watertown, Massachusetts.
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