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Why Retailers Need to Prepare for the Social Commerce Boom

365 Retail

trillion by 2025. Developing sales through social networks through product placements or by using popular influencers is nothing new. Unsurprisingly, this growth is driven primarily by millennials and Gen Z, who it is estimated will account for almost two-thirds of purchases made on social networks by 2025.

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BNPL: Multiple Growth Opportunities Despite Rumblings About Regulation

Retail TouchPoints

Also known as pay-over-time or pay-in-4 installment plans, BNPL offers consumers the chance to split up the cost of major purchases directly at the point of sale. Even so, BNPL is expected to be the fastest-growing payment method, both online and in stores, through 2025 , according to the FIS annual Global Payments Report.

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Turn Innovation into Action: Top 10 Takeaways You’ll Get From #RIC21

Retail TouchPoints

Brick-and-mortar locations are still essential parts of the shopper journey, but they need to be reconfigured to accommodate both shopper discovery and functions like flexible store-based fulfillment. 17 from 1:20 to 2:10 p.m. 17 from 3 to 3:30 p.m. Maximizing the value of marketplaces.

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June 2021 COVID-19 + Ecommerce News Roundup

ROI Revolution

Ecommerce sales are expected to see slightly higher growth in 2022 compared to 2021, with a 15% total increase in ecommerce sales expected next year. Retail sales will remain steady at around 3.5% yearly growth until 2025, and ecommerce will eventually see slight declines in growth.

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Further Evolutions In Retail: All In For Experiential Retail

Retail TouchPoints

To survive, retail is being forced to think of itself as destinations to learn and interact, with fulfillment coming in the form of a pickup purchase or home delivery. billion by 2025. Though easy to describe and difficult to carry out, this is the future for brick-and-mortar. It is also where technology comes into play.

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How Inflation Is Affecting Retail Businesses?

Korona

Other than the wholesalers and customers, inflation can also affect rental fees if you have a brick-and-mortar store, energy costs, warehousing, order fulfillment, and pressure from employees to earn higher wages to cover their higher standard of living. TRY KORONA POS NOW Sales trends : Do you know what trends exist in your retail business?

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Multi-Channel Retailing: The Ultimate Guide to Engaging Customers On- and Offline

Korona

According to Statista, by 2025 , 10.4% of all retail sales will be through mobile commerce. This is the area with the largest growth in retail sales, ahead of other sales channels like in-store shopping and traditional eCommerce. Mobile-friendly websites and apps are another important area to consider.