Just a few years ago there was talk of a 'retail apocalypse'. Things have turned out rather differently
Yet even as normality beckons it is ever clearer that the pattern of spending has been transformed. One change is well-known: a lift in the level of e-commerce. The other is less familiar. An industry that was supposed to have been annihilated by Amazon has bounced back.
Things have turned out rather differently. The pandemic has certainly sped up the shift towards e-commerce sales, which have risen from 14% of the total in 2018 to 20% this year according to JPMorgan Chase, a bank. Although the pace of growth has slowed in the past few months there will be no return to the past.
Behind these numbers there are three types of fightback. First, the biggest retailers have embraced the digital world. This week Walmart predicted that its global e-commerce revenues would reach $75bn for the full year . It has made a big push in hybrid types of shopping that involve online activity but harness its stores, such as “click-and-collect” and online memberships. Target has promoted a similar service and digital sales now make up almost a fifth of its total.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Why Amazon Is Getting More PhysicalHeard on the Street: Amazon is getting more physical and needs showrooms for its growing line of private labels, and other retailers are unlikely to help
Leer más »
Old Navy eliminates separate section for women's plus-size clothingThe retailer dubbed its new in-store and online approach “BODEQUALITY.”
Leer más »
Khlo\u00e9 Kardashian Criticized for 'Unethical' Partnership with SheinShe's a judge for the fast fashion retailer's emerging designer competition.
Leer más »
Old Navy’s BODEQUALITY Prioritizes Size-Inclusivity and Price ParityHere’s all you need to know about the retailer’s new initiative.
Leer más »
Margaret Truman’s Bestselling Book Series ‘Capital Crimes’ Eyed For TVEXCLUSIVE: Aaron Magnani has acquired rights to 'Capital Crimes,' the 32-part crime thriller book series originated by President Harry S. Truman’s daughter Margaret Truman, with plans to adapt them into a TV series
Leer más »
The Home And Kitchen Products People Are Buying At Amazon Right NowPotting mix, comfy air mattresses and more home and kitchen goods Amazon reviewers love.
Leer más »