Mom and Pop stores, once the bread and butter of the retail world, are all but becoming relics of a former time. As large retailers and big box stores sprawled across the country, undercutting prices while offering more inventory, smaller niche retailers simply can’t compete. Over the years, many of these shops that would try… Read more »
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One thing is constant, and that is change. We already know that ecommerce is typically fueled by technology and how much of the market adopts it–hello mobile revolution–but what about the trends we see now? Physical retail stores are closing left and right, traditional malls are going extinct, shipping is changing, and the way we… Read more »
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Physical retail stores are closing at a record pace all while giant brands such as Amazon and Walmart are expanding their digital footprint. Of the largest retailers, they too are shifting to an omnichannel world, though many remain lagging behind. Even grocery stories, the goliaths that commonly take up more physical real estate compared to… Read more »
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In today’s world, ecommerce boils down to nothing more than a web-based shopping portal that is designed for various screen sizes. This is primarily due to consumer-driven behavior that is increasingly adopting smartphones, tablets, and of course still desktops. But in the future, let’s say virtual reality, augmented reality, and voice assistants move from emerging… Read more »
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Only time will truly tell us what technology will be in play in the year 2037, but until then it doesn’t hurt to get a little imaginative about some of the possibilities. While virtual reality and augmented reality are budding technologies now, will they become a vital component in the future? Will virtual goods become… Read more »
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If we told you that by 2027 humans wouldn’t be driving anymore, never had to touch a dollar bill, or would be willing to cut off an arm for an electronic one, would you call us crazy? Potentially, but in 10 years time the earth will be a very different place, and technology will only… Read more »
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Technology plays a primary role in how retail and ecommerce function today. What once took up excess time for consumers to travel to a store, navigate aisles, and compare item-by-item based on what is on a package has been replaced by a few Google searches and reading aggregated reviews. Now that emerging technology like virtual… Read more »
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In the past 5 years, a great deal of new technology has emerged, but how much of that will truly be adopted by the industry through 2022? Many brands are resistant to change, especially when it could impact revenue, conversions, or otherwise alienate customers; however, some signs indicate what will likely normalize over the next… Read more »
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Gray Thursday, Black Friday, Cyber Monday – these are all common shopping holidays known to drive some of largest amounts of revenue. Over the past few years, these days not only began to merge with one another, the promotional periods became longer. Some retailers, notably Amazon, have gone so far as to make the holiday… Read more »
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Each year as new sales records are broken we gain a clearer perspective on the volume of goods purchased online. From emerging tech to fashion, it’s easy to gain an understanding of the types of products consumers are buying. However, it’s not always clear who is doing the buying. After commissioning a survey of more… Read more »
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