by admin | Mar 28, 2023 | Consumer Behavior, Customer Loyalty, Data Driven Performance, E-Commerce, News, Predictions, Retail Economy, Retail Strategy, Retail Technologies
Credit: Getty Images by primeimages Over the last year, unprecedented inflation has caused dramatic shifts in consumer purchase behavior. According to Gartner research, 45 percent of consumers were extremely concerned about price increases heading into 2023....
by admin | Mar 19, 2023 | Brick & Mortar, Customer Experience, Debate, Predictions, Retail Economy
Photo: Dick’s Sporting Goods Sporting goods is increasingly solidifying its position among the “pandemic winners,” with sales for the three major publicly held chains, Dick’s Sporting Goods, Academy Sports and Hibbett Sports, remaining well-above pre-pandemic...
by admin | Feb 18, 2023 | Brick & Mortar, News, Predictions, Retail Economy, Statistics
Credit: Getty Images by Oatawa U.S. retail sales increased by 3 percent in January, far exceeding expectations for the month, according to the Commerce Department. This is the largest increase since March 2021. The Commerce Department said Wednesday it...
by admin | Feb 16, 2023 | m-commerce, News, Predictions, Retail Technologies, Social Commerce, Social Media
Image Retrieved from Instagram Instagram is sunsetting live shopping on March 16, according to a post on its website. The move is the latest in a series of commerce-related pullbacks from the Meta Platforms app and follows the removal of the Shop tab from its...
by admin | Feb 10, 2023 | Data Driven Performance, Predictions, Retail Technologies
According to the Bureau of Labor Statistics, productivity across retail has not increased in nearly 30 years. In our digital marketplace, more data than ever is being acquired through multiple platforms emerging to keep up with unpredictable consumer behavior. This...
by admin | Feb 2, 2023 | Brick & Mortar, E-Commerce, Industry, Omnichannel, Predictions, Retail Economy, Returns
Credit: Warby Parker Over the last several years we’ve seen a tremendous boon in direct-to-consumer (DTC) and e-commerce strategies for retail. Venture capital flooded into the category leaving incumbent retailers feeling pressured. 2022 started to see a reversal of...
