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Which Retail Trends Show How Important Technology Is In 2024?

365 Retail

The latest technology has always played a huge role in the retail industry. From cash registers being used in the first department stores to the introduction of credit cards in the mid-20th century, retailers have always had to be aware of technology trends. appeared first on Retail News and Events.

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Why Direct to Consumer Brands Struggle with Profitability

Indigo 9 Digital

By Tricia McKinnon Over the past decade direct-to-consumer businesses have popped up in nearly every corner of the retail sector. From mattresses sold by Casper to prescription eyeglasses from Warby Parker ambitious founders have taken a page from Amazon’s playbook hoping to sell goods directly to consumers online.

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6 Reasons Walmart’s eCommerce Strategy is Winning

Indigo 9 Digital

Since 90% of the United States population lives within 10 miles of a Walmart store this move has become a game changer for the retailer. Consumers love shopping online but what they really want is control. Be honest, before the pandemic weren’t you were part of the vast majority of consumers that had never tried curbside pickup?

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The ‘Social Proof’ is in the Pudding: Gartner Analyst Explains the Lure of Livestream Shopping

Retail TouchPoints

Matt Moorut, principal analyst at Gartner for Marketers , recently explored the topic of livestreaming and offered practical advice for how retailers can get the most out of it. Retail TouchPoints (RTP) : Why are consumers flocking to livestream shopping? For younger consumers, this is an extension of the way they behave online.

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Retail Statistics You Should Know

Small Biz Trends

The above small retail statistics indicate that small retailers are not at all small when it comes to contributing to the US economy. Specialty stores are often a part of small retail store businesses. Unlike department stores that sell a wide variety of items, specialty stores offer niche-specific products.

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Jewelry Sales Increased Sharply in July, Survey Finds

VMS

With more cash in hand—fueled in part by the Child Tax Credit and pent-up savings—consumers drove U.S. retail spending growth, excluding automotive and gasoline, to +10.9% According to Mastercard SpendingPulse, in-store sales were up +15.5% July numbers reflect a return to the store. Advertisement.

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Six Ways for Retailers To Get Ahead of a Recession

Rangeme

Consumers’ purchasing power is rapidly eroding, with more problems ahead as central banks raise interest rates to fight the price rises. The impact on the retail sector is inevitable. Cash-strapped consumers spend less money – decreasing revenues for retailers and product providers. during 2022, down from 6.1%