The Covid-19 pandemic has changed the way we do business. It has brought the digital eCommerce to centerstage, driving shoppers to buy products online like never before. According to the latest Digital Commerce 360 analysis, “Consumers spent $861.12 billion online with U.S. retailers in 2020, up 44.0% from $598.02 billion in 2019. Online spending represented 21.3% of [...]
At the height of the COVID-19 pandemic, 10 years of e-commerce growth happened in just 90 days. The pandemic has impacted e-commerce in 2020, maybe more than any other time in history. While the traditional retail sales have declined, e-commerce has seen a paradigm shift with 129% growth year [...]
IoT adoption in retail has been growing at a whopping 20% CAGR post-2015 and is expected to surpass $30 billion by 2024. The Internet of Things is spawning innovation by enveloping every consumer, object, and activity into the digital landscape. The growth of IoT-enabled capabilities across the board is largely driven by [...]
There is a major difference between digital-first and digital-only. In a utopian world, a digital-only world could become an everyday reality. But in the actual world, there are a number of complexities, interdependencies, and concerns that would hinder its practical existence. Even though we talk about the ever-increasing adoption of digital [...]
Long before a novel virus disrupted our everyday lives and, in a way, forced us to adapt to a new way of living, there were talks about the ‘Retail apocalypse’. Over the past couple of years, store closures have happened faster than store openings, while the overall foot traffic [...]
Nike By Melrose, an LA concept store by Nike, considers the shopping preferences of local users while stocking up products in its inventory. It leverages data gathered from its NikePlus app to identify what the local consumers are buying and to determine the store’s merchandising mix. This data enables the store to stock [...]
There are over 2 billion smart phone users in the world and about 56% of the world’s population has access to the internet. More than 21% of the shoppers make their purchases online. In the first quarter itself of 2019, consumers have spent over $22 Billion on mobile applications. [...]
Mankind is an unpredictable species – visionary but confused about the end goal, innovative but apprehensive to change, evolving digitally but demands personalization, needs an escape from reality but also wants to stay close to it. If you take a good look at the developments happening in each sector, [...]
As a consumer, when you order products online, how do you expect them to get delivered? Some key requirements are, the product must arrive on time, well-packed, and ultimately must give you an easy gateway to return it if it is not as per your expectations. All this has [...]
Transformation is the ground rule within the retail sector and it can happen in various ways – digitally, physically, conceptually, or in any way the industry wants it to be. In the current scenario, the retail segment is facing the challenges thrown by ecommerce and constant struggle to ensure [...]
