Online stores and all things ecommerce have proven to be such disruptive forces in the global economy, sweeping all before them but the strongest businesses. Many have already seen the writing on the wall, and many are still to follow. Businesses big and small have to look hard at the retail statistics if they want to steer their companies to this drastically altered world of commerce.
We’ve compiled here important research findings on retail across a wide range of factors, from global and U.S. sales to the latest ecommerce penetration data to the impact of mobile, and much more.
The journey to mastering the new rule of doing businesses must start at the retail reports widely available from divergent sources. From the resulting retail reports, we can see how the retail market size reflects all the tide of changes now taking over economies all over the world. From this retail data, it’s easy to see that global retail is still growing, led by the Chinese economy behemoth and its e-commerce push everywhere.
The growth of retail and ecommerce relies on the applications that allow them to manage vast amounts of data that change every day. These data follow the movement of goods and people. SaaS applications play a critical role, and they’re also part of the global economic disruption taking place before us.
Source: StatistaDesigned by
US retail sales continue to rise despite the closure of many big-name companies. The fall of these familiar brands is mitigated by new ventures emerging from the laboratories and conceptual nurseries. They are more adept at modern tools, too. The young ones are no stranger to advanced business tools, CRM platforms amongst them.
While injecting much-needed life into the global economy, the onrush of online stores has resulted in the death of many known brands. Toys R Us and many more are fair game for these new kids on the block.
Small retailers pick up from the slack of big retailers. Armed with business intelligence tools, they dive into businesses with savviness unavailable to their enterprising counterparts before them. With a better understanding of their markets, they are able to avoid many of the pitfalls that litter the modern world.
Source: BrandZ, Kantar Millward BrownDesigned by
Customers still prefer physical stores, spending a hefty portion of their incomes on these stores. They enjoy events organized by the stores. They attend these events and bring their money along the way. And they go where the bargain offers are.
The stores are only too happy to oblige with this customer participation for events made for them. Businesses can do more with the help of the leading event management software that they can easily find in the market.
While ecommerce statistics merit a separate page of its own, we highlight key figures that you can easily associate with retail developments. The numbers reflect the growing acceptance of consumers who not long ago were averse to the idea of sending private financial information floating all over the internet.
The latest shopping statistics also help in understanding what’s going with global economies. If you want to navigate your business ahead, you would do well to look up these figures too.
Facebook, Twitter, Instagram, Snapchat, Linkedin, YouTube have helped ecommerce become the colossal economic force that it is now. What initially started as sites where friends and families gather have now become a melting pot for businesses, consumers and professionals. These last include market and sale influencers, among many others. Their tool of choice: social media management software.
Branded Online Store%
Source: Big CommerceDesigned by
As with social media, mobile devices have played a key role in ushering a new age for retail businesses all over the world. What once served as a simple communication device now serves as an internet hub anywhere, anytime. With GPS technologies and incorporating payment gateway platforms, they have become indispensable to businesses and consumers alike.
The astounding fall of even the biggest names in commerce means that businesses must learn what works for the modern economy. Commercial titans have a lot going against them in the sense that it’s harder to implement critical changes right away. You can address issues in one branch, but there could be hundreds elsewhere spread across the globe.
Small businesses benefit from the simplicity of their operations. If they learn the lessons of their bigger contemporaries, then they should be safe steering their businesses to further growth.
You will not find a bigger help in today’s business landscape than the one provided by the leading business intelligence solutions. It’s the reason other software solutions are incorporating some of their features too.
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