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Retailers Beware: Radware Study Reveals Strong Correlation Between Slow Network Speed and Brand Perception

RDWR

Retailers Must Improve Site Load Times to Drive Positive Brand Perception and Emotional Engagement

MAHWAH, N.J., Dec. 10, 2013 (GLOBE NEWSWIRE) -- Radware® (Nasdaq:RDWR), a leading provider of application delivery and application security solutions for virtual and cloud data centers, today released new research revealing that network speed deeply impacts consumers at every phase of the transaction process, particularly users of mobile devices. The report, entitled "Mobile Web Stress: The Impact of Network Speed on Emotional Engagement and Brand Perception," shows that even moderately slower connection speeds result in significant increases in user frustration and decreases in engagement.

In order to accurately assess consumers' neurological and emotional reactions to slow load times, this unique study was conducted using a set of methodologies -- electroencephalography (EEG) and eyetracking technologies combined with Implicit Response Testing -- to examine how, on a moment-by-moment basis, positive and negative emotions are triggered. Using specialized software, researchers slowed down the network speed on mobile devices and compared the experience to a standard wireless connection. The test was designed and conducted by a team of global specialists from Seren (leader in customer experience and service design), Neurosense (leader in implicit methodologies), and NeuroStrata (consultants in blending neuromarketing applications). Slow-loading sites were tested using the latest consumer neuroscience techniques to elicit response patterns and emotional engagement at a non-conscious level.

"Our study proves that brand perception is based on more than a powerful logo or smart marketing strategy," said Tammy Everts, web performance evangelist, Radware. "A consumer's online shopping experience greatly affects their feelings about a retailer, and because these feeling are happening at a non-conscious, pre-cognitive level, they are beyond the control of site owners. A slow site and poor user interface can be detrimental – potentially negating other, more expensive, branding efforts."

Sites of four major U.K. brands were tested as part of this study: John Lewis, Tesco, EasyJet and Ryanair. The three-part study incorporated several methodologies and analyzed the emotional engagement, positive and negative responses, and attitudes and associations of users when asked to complete tasks on the brands' sites. Key findings from the study include:

  • Slow connection speeds are likely to lead to higher levels of frustration and lower levels of emotional engagement. Browsing is twice as likely as the checkout to be frustrating when slow.
  • The negative impact of slow network speed is not restricted to just the immediate customer frustration and loss of business through the site – it deeply impacts the long-term brand perception of the retailer, making potential customers less likely to return.
  • Slow performance affected non-performance issues such as quality of content, visual design, and ease of navigation.
  • The brand damage inflicted by slow sites and poor user experience can translate directly to negative impact on purchase intent across other channels and touch points.

"These findings should be a huge red flag for retail brand managers, especially as mobile is at the point of overtaking desktop in terms of user share," added Everts. "More than ever, people are browsing and buying on mobile, and slow pages are one of the top issues that mobile users complain about. Fortunately, there are tools available, as well as best practices that businesses can implement today to help alleviate this high risk. These include implementing an automated web performance solution and ensuring that you are testing your site on a variety of devices, browsers and real-world connection speeds."

For the complete version of "Mobile Web Stress: The Impact of Network Speed on Emotional Engagement and Brand Perception" along with video interviews of Tammy Everts discussing web performance and its challenges, visit: http://www.radware.com/mobile-eeg2013/.

About Radware

Radware (Nasdaq:RDWR), is a global leader of application delivery and application security solutions for virtual and cloud data centers. Its award-winning solutions portfolio delivers full resilience for business-critical applications, maximum IT efficiency, and complete business agility.

Radware's solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.

Radware encourages you to join our community and follow us on; LinkedIn, Radware Blog, Twitter, YouTube and the Radware Connect app for iPhone®.

©2013 Radware, Ltd. All rights reserved. Radware and all other Radware product and service names are registered trademarks or trademarks of Radware in the U.S. and other countries. All other trademarks and names are property of their respective owners.

This press release may contain statements concerning Radware's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. These risks and uncertainties, as well as others, are discussed in greater detail in Radware's Annual Report on Form 20-F and Radware's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware's public filings are available from the Securities and Exchange Commission's website at www.sec.gov or may be obtained on Radware's website at www.radware.com.

CONTACT: Corporate Media Relations:
         Brian T. Gallagher
         (201) 785-3206  (office)
         (201) 574-3840  (cell)
         briang@radware.com

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