While Amazon may be prone to hyperbole, it cannot be disputed that Prime Day is growing each year. However, it’s not because the deals are getting better, but rather, because Amazon has smartly put considerable effort into growing their third-party sellers.
Higher energy costs and a general uncertainty around the global economy is likely to impact consumer spending. Consumer spending is the primary driver of small business revenue, so any dip in consumer sentiment is likely to be felt in the local economy.
Customers want a first-time-right shopping journey, in which they can find everything on their list and check out as efficiently as possible. Here’s how retailers can make shopping better by leveraging their store lighting.
Operating in a headless environment gives retailers a significant advantage over traditional monolithic commerce platforms.
The increased presence of shoppers flocking to online markets has created a thunderous e-commerce tsunami: a study from Nora Advisor reports that the global 2020 B2C e-commerce market gathered revenue around USD 4.1 trillion.
Major credit bureaus Equifax, Experian, and Transunion have announced they will be including BNPL loans on credit reports. This shift comes at an inopportune time for online retailers, as ecommerce is already slowing down – in part due to inflation, and in part due to the fact that it can’t fully replace the ability to see and try items in person.
As retail evolves from using “just in time” demand fulfillment to “on demand” fulfillment, where a growing number of purchases are made online or via apps, 3D printing further gains in relevance.
During the pandemic online sales increased as people went from shopping in store to shopping online and had more time to shop. More than 30 percent of the luxury market by 2025 will be online. By 2025, it’s going to make up 60 percent.
Gen Z’s spend an average of eight hours on the Internet daily, giving brands many opportunities to interact with their prospective customers. But, Gen Z is a savvy demographic where traditional marketing does not work.
The future of cash back is for everyone. There is a democratization of rewards bringing high end reward products, like reward cards and reward programs, available to everyone. You no longer have to have a Sapphire or Gold card to get perks and rewards anymore.
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