Despite mounting worries over soaring inflation, increasing borrowing expenses, the psychological aftermath of Russia’s unjust war in Ukraine, and other economic pressures, American consumers displayed remarkable resilience in 2022. This resilience may have appeared as a consequence of the robust l
Digital payment solutions are changing the retail industry at a rapid rate. Consumers’ growing desire for fast, convenient transactions means retailers can no longer solely rely on traditional payment methods—even when it comes to in-store purchases and transactions. FIS Global predicts that cash t
Addressing environmental concerns, safeguarding human rights, and embracing social responsibility have emerged as pivotal priorities for retailers worldwide. Forward-thinking leaders are not acutely aware of their environmental impact and aim to synchronize their business operations to customers’ g
E-commerce, short for electronic commerce, refers to buying and selling goods and services over the Internet. Over the past few years, it has transformed how businesses operate—and revolutionized the shopping experience for consumers worldwide. In today’s digital age, e-commerce has become an int
Effective inventory management is a critical aspect of retail marketing success. Poor inventory control can lead to stockouts, causing a loss in revenue by not meeting consumer demand. Fortunately, retailers can leverage many stock control techniques to maintain production levels and invest capital
The US economy has faced several disruptions in 2023, including the ongoing Russia-Ukraine conflict , surging inflation , and rapidly increasing interest rates . However, retail businesses are no strangers to such challenges, having evolved through the COVID-19 pandemic. As confirmed by SpringML,
The COVID-19 pandemic, an ongoing conflict in Ukraine, and inflation have severely disrupted many industries in the US, and e-Commerce is no exception. According to the Influencer Marketing Hub, online sales saw a dramatic surge during the pandemic . While COVID-19 has finally subsided and recent
Customer experience is critical for retail businesses to maximize their revenue and expand their customer base. In fact, 54% of experts confirm excellent customer care is imperative to build brand loyalty. A 2020 report by Forbes Insights and Treasure Data reinforces this notion, finding that 74%
Known as the first generation who has grown up with internet access and smart devices, Generation Z is composed of the first digital natives. Gen Z audiences have been exposed to technology and breakthroughs that define our digital age since childhood. This is why they differ from previous
The COVID-19 pandemic undoubtedly changed the way people in the US and abroad live, work, and shop. While lockdowns and several other social distancing measures became an important part of the fight against the virus and the disease it spreads, e-commerce grew and retail store sales fell rapidly.
