Retail sales have been through unprecedented times of change, predominantly due to the pandemic. This article will explore the retail sales in the UK and the US, and compare them to see which retail sector thrived the most in 2021. Retail sales in the US The sales in the US have varied since the
With concerns about the Delta variant still on the rise and the COVID-19 pandemic continuing to disrupt economies across the world, an increase in retail sales may seem not only unexpected but also a great achievement for any economy. However, US retail sales were up 0.7% in September and, with the
The fast-spreading Delta variant may have a lesser impact on the economy than previously estimated. Although there is no end to the COVID-19 pandemic in sight, American retail sales have increased in August . These results are most likely due to the combined effect of children returning to school
2020 brought about a shift to everything digital, as the COVID-19 pandemic swept from country to country, changing shopping behaviors along the way. Online sales may have been the biggest surprise of the year, as lockdowns and social distancing rules prevented customers from visiting their favorite
Industries across the world have been impelled to use technology and digital resources to reimagine and improve their operations. With e-commerce already on the rise, and the COVID-19 pandemic boosting online sales even more, the companies that missed the digital train have already started to count
The pandemic has forced the retail industry to transform and rethink its models digitally. Retailers are thinking about how they should respond to this immediate change, looking into using technologies and finding innovative ways to build up new business models that drive more revenue. For this,
Recent studies show that more than 90% of the global population reads, watches, or listens to news and entertainment. However, the coronavirus crisis has been affecting our daily routines, preferences, and behaviors—including our media usage. Today, retailers are seeing changes daily, and they have
Many industries have been affected by the COVID-19 pandemic, whose effects are estimated to propagate in the entire decade. It’s a key moment in the history of the modern era when people are beginning to understand the reality of a new virtual world and embrace the implications of social distance.
In the midst of the Covid-19 pandemic, department stores everywhere are struggling to survive. Since most of them were already losing ground to new digital rivals, they are expected to come out of the crisis on even weaker positions in the market. As sales continue to drop, retailers are forced to
With the advent of new technologies and trends, the retail industry has undergone massive transformations over the last decade. Today’s retail paradigm is built on a digital foundation—consumers have an entirely new set of behaviors and expectations in regards to shopping. At the same time,
