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Retail Consumer Behavior Patterns and Shifting Dynamics: The Future of Retail & Retail Trends

RETAIL MANAGEMENT SOFTWARE

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. Here Are The Ten Emerging Retail Trends We Predict For 2022.

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5 Ways to Navigate the CPG Industry’s New D2C Landscape

Retail TouchPoints

It has accelerated retail trends, especially the surge of online shopping and the waning of physical retail. This shift is unlikely to be temporary given the ongoing decline in large retail outlets and the cascading closures of small specialty shops. Cultivate loyalty through personalized experiences.

Shipping 294
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eCommerce and its Profitability Issue. Why its So Hard to Make Money

Indigo 9 Digital

A study by the Capgemini Institute found that on average retailers charge their customers just 80% of the cost of delivering goods. The irony of online shopping is that the most economical model for a retailer is when customers are not purely online shopping at all. Let’s not forget about advertising.

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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. Consumers are looking for one stop shopping. What we are witnessing is a trend towards more convenient shopping trips.

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4 Elements of Amazon’s Strategy to Watch

Indigo 9 Digital

Then Amazon comes onto the scene and shows the retail industry there are other ways to make money including by having a lucrative cloud business or through advertising sales. Customers enjoy doing a mix of online and in-store shopping. Continue to increase advertising sales. Do you like this content?

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15 Return Policy Examples

Small Biz Trends

Is the customer responsible for return shipping costs, or will the business pay for return shipping charges? When shipping returns, will the business provide the customer with prepaid shipping labels, or is the customer responsible for arranging for shipment? Home Depot advertises its fast and friendly return policy.

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Top 10 Retail Trends to Watch in 2023

RETAIL MANAGEMENT SOFTWARE

In 2023, however, the outlook is positive, and the focus is on the customer shopping journey. As retailers adapt to a new normal, a seamless omnichannel experience and hybrid shopping are shaping the future of retail. Here are the top 10 retail trends impacting the industry in 2023.