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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

Bain & Company data validate this perspective, noting that Europe managed to recover beyond the 2019 pre-COVID baseline due to the spike in tourism as well as solid local demand. It’s no surprise then that Gen Z and Gen Alpha’s spending power in the luxury market will grow 3X faster than other generations’ through 2030.

Payments 290
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#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. In fact, McNamara noted that Mastercard predicts a comeback for Black Friday 2022, with total sales exceeding 2019 results.

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Top Risks For Retail Businesses In 2021 (And in The Next Decade)

Retail TouchPoints

As lockdowns became the new normal, consumers and retailers started going ‘digital’. This has increased e-commerce’s share of global retail to 17% in 2020, up from 14% in 2019. With the adoption of e-commerce on the rise, brick and mortar retail businesses face increased risks of having to shut down.

eCommerce 306
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Key themes of the 2019 Asia E-tailing Summit

Tofugear

There are ample ecommerce opportunities in Asia Online retail revenue in Southeast Asia is forecast to grow at a CAGR rate of 23% to reach US$53 billion by 2023, according to Forrester. People are trusting AI more, yet AI has its limits People are trusting AI more, and retail managers and directors are starting to endorse AI.

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Oracle NetSuite Review: How to Build a Next-Gen Store in the Ecommerce Age

Ecommerce Platforms

Small businesses , mid-sized businesses, and global enterprises with multiple locations and large personnel numbers use NetSuite. Over 400,000 businesses in those three categories use NetSuite to simplify their business processes across different industries like: Professional and consulting service. Manufacturing.

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What retailers can learn from the 2021 holiday shopping season

Kibo

The 2021 holiday shopping season was historic, in that it was the culmination of two years of accelerated trends, shifting consumer behaviors, and omnichannel shopping realities that have emerged since the start of the pandemic. Shoppers return to stores, while omnichannel retail remains strong. from 2019 to 2027.

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Ecommerce Chatbots 101: What Are They And Do You Need one?

GetElastic

However, there are several other advantages, especially for ecommerce businesses: Boosted revenue through conversational commerce. This includes enabling a full cart & checkout process through chatbots, whether that’s in Facebook messenger or other social media pages, in messaging apps or event over text. In-chat payments.