Retail has been one of the most impacted sectors by the COVID-19 pandemic, alongside tourism and the events industry. Before 2020, retailers were already grappling with the decline of brick-and-mortar stores, and the pandemic added to their woes by forcing them to close stores, lay off employees,
According to Reuters , U.S. consumer spending on e-commerce is estimated to reach a record $1 trillion in 2022, as a result of the switch to online shopping brought on by the COVID-19 pandemic. New research by Adobe Analytics shows that online sales totaled $1.7 trillion during the two years of the
After more than two years of an unprecedented healthcare crisis, the global economy is still showing signs of weakness. This comes as no surprise, considering the fact that the COVID-19 pandemic has disrupted the daily lives of people everywhere, changing not just the way they live, work and spend
More than two years have passed since the beginning of the COVID-19 pandemic that disrupted the lives of people everywhere. This healthcare crisis changed not only the way people live, work, and have fun, it also altered consumer behavior, forever changing why, how, and where people shop. According
Although the winter holidays are essential for retailers around the world, the COVID-19 pandemic is still disrupting shopping habits and trends in retail. While many people had hoped that a return to normality will be possible this holiday season, the Omicron variant quickly changed those plans and
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
