Global retail sales have never been better, according to Statista. Compared to the 26.4 trillion USD sales in 2021, they should reach approximately 32.8 trillion US dollars by 2026 . It is a turbulent market where consumer preferences shift daily, and the competition never sleeps. No wonder
Imagine yourself walking into your favorite local coffee shop, and the barista already knows your order before you utter a word. Or perhaps you receive a birthday card from your go-to bookstore with a personalized discount just for you. These are the moments that make you feel like more than just
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
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
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’
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
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%
