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June 2021 COVID-19 + Ecommerce News Roundup

ROI Revolution

Ecommerce vs. in-person: Pandemic impacts in 2021. After surging nearly 34% in 2020 due to the pandemic, ecommerce retail sales are expected to grow a more modest 13.7% this year while non-ecommerce sales will see 2.2% Total retail sales will reach a record $5.86 Retail sales will remain steady at around 3.5%

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How adding services to your products can propel your company growth?

GetElastic

As Gartner aims to prepare application leaders for the accelerated shift towards digital, they predict that, “ By 2024, leading commerce organizations will generate 10% of online revenue from services attached to physical products.”. Subscription based models are at the center of recurring revenue in eCommerce. billion in sales.

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What is a Hybrid Retail Store? A New Concept To Increase Your Retail Sales

Korona

Opening a hybrid retail store means taking advantage of the benefits of these multi-channel systems. a brick-and-mortar store) with eCommerce selling. Here are some general guidelines to help you find the right channel mix for your customers. Take advantage of data analysis on your eCommerce platform. Table of contents .

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How Inflation Is Affecting Retail Businesses?

Korona

Leverage More Digital Sales Channels. The advent of the pandemic has driven an explosion of online sales and purchases. . Because of this, many brick-and-mortar retailers have turned to alternative sales channels such as eCommerce and in-store pickup (BOPIS). Online channels provide more value to customers.

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What is a Hybrid Retail Store? How To Adapt Your Retail Business

Korona

Opening a hybrid retail store means taking advantage of the benefits of these multi-channel systems. a brick-and-mortar store) with eCommerce selling. Here are some general guidelines to help you find the right channel mix for your customers. Take advantage of data analysis on your eCommerce platform. Table of contents .

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Why Retailers Need to Prepare for the Social Commerce Boom

365 Retail

Social commerce – purchases made directly on social networks – may seem anecdotal to some, but it’s taking off and is expected to grow three times faster than traditional e-commerce, reaching $1.2 trillion by 2025. Fourteen years later, however, 7 out of 10 do so, according to a study by Klarna.

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How to Start an Online Thrift Store in 2022- The Ultimate Guide

Korona

You can launch the store as an eCommerce platform, a self-hosted platform, or sell on marketplaces. The last steps in creating your online thrift store are finding a place to store your products and investing in a thrift store point of sale system for better inventory tracking and easy payments. Self-hosted platform.