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.
Amazon has gone above and beyond in recent years to attract overseas merchants into selling on its marketplace. The direct result has been a flood of China-based businesses representing 75 percent of new Amazon sellers — competing directly with domestic merchants right here at home
Over the past decade, there has been a significant shift in consumer mindset towards sustainable shopping
While retail leasing rates have come down in certain markets, new retailers entering the marketplace are still reluctant to pay high rents. Many risk-averse brands are reluctant to sign longer-term leases without first verifying return on investment
Sustainable fashion is often linked with ethical fashion, which is a similar advocacy framework that aims to reduce human rights violations such as the use of child labor in the manufacturing process
Consumers now expect and demand a consistent experience across all devices, often commencing their shopping journey on one platform then traversing multiple touchpoints before ultimately deciding to purchase on a different channel
As we start to return to “normal business” it may be tempting for retailers to return to pre-pandemic ways of thinking, but as numerous recent studies have shown, the gradual migration away from brick and mortar and toward e-commerce channels is likely to continue to accelerate, even post-COVID
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