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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

The business model that most of us were raised to believe was normal for retail commerce — brick-and-mortar shopping locations — became a bit of an anachronism during the pandemic. According to a recent consumer behavior report by Raydiant , fewer than half of their survey’s respondents now say they prefer to shop in person.

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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

In 2018, Ernst & Young (EY) launched an ambitious project called FutureConsumer.Now , to model scenarios that would challenge present thinking about future consumers. For example, in June, three months after the shutdowns began, 42% of respondents said the way they shop will fundamentally change as a result of the outbreak.

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7 Ways Amazon is Expanding Offline

Indigo 9 Digital

A sneak peek into the future was given when Amazon unveiled its first Amazon Go store to the public in 2018. After customers have finished shopping they can walk out of an Amazon Go store without having to ever stand in a line or go through a checkout. When customers leave the store their Amazon account is automatically charged.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

Both of these stars have been seen modelling Fashion Nova clothing on their own Instagram accounts and Cardi B also has her own Fashion Nova clothing line. Shein has grown very fast becoming the most downloaded shopping app on iOS and Android in the United States in May of 2021 with Amazon coming in second. Do you like this content?

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Oatly’s Strategy, 5 Reasons it Has Taken Off

Indigo 9 Digital

By all accounts Oatly is an overnight success. Its oat milk landed in coffee shops in the United States in 2016 and by 2018 its was so popular there were shortages of it across the United States. By 2019 Oatly was available in 7,000 stores and coffee shops across the United States including places like Whole Foods and Target.

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The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive

Indigo 9 Digital

During that time Sears was so dominant its sales represented 1% of the entire United States’ economy with two thirds of Americans shopping there. Fast forward less than two decades later to 2018 when Sears was in so much financial hardship with declining sales and profits as well as mounting debt it filed for bankruptcy.

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Nordstrom Leaves Canada, 9 Reasons Why

Indigo 9 Digital

If you didn’t want to spend too much money you could shop at Macy’s or Sears. Or if you wanted to spend a lot more you could shop at Nordstrom, Neiman Marcus or Saks Fifth Avenue. Luxury consignment shop TheRealReal which is mostly online launched in 2011 and brought in $1.2 There were even fewer choices in Canada at that time.

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