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Forrester Forecast: Online’s Share of U.S. Sales to Top 29% by 2029

Retail TouchPoints

Online Retail Forecast, 2024 to 2029. trillion in 2029, a five -year compound annual growth rate (CAGR) of 8.4% Forrester predicts that total retail sales (excluding automotive and gas) will increase from $5 trillion this year to $6 trillion in 2029, based on a CAGR of 3.7%. retail sales will increase from $1.2

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3 Ecommerce Logistics Trends that are Changing Retail Right Now

Retail TouchPoints

trillion in 2029. Today’s retailers need to focus just as much on the logistics side of their business operations to streamline processes, maintain profitability and provide the best possible customer experience. Operational agility. In ecommerce logistics, operational agility is a game-changer for small businesses.

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AWS to Invest an Additional $7.8B to Expand Ohio Facilities

Retail TouchPoints

billion by 2030 to expand its data center operations in Ohio, marking the second-biggest private sector company investment in the state, according to Ohio Governor Mike DeWine. trillion by 2029, according to Fortune Business Insights. Amazon will invest an estimated $7.8 Salesforce , Google Cloud and IBM round out the top five.

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Coach CEO Q&A: New Las Vegas Fulfillment Center will Reduce Delivery Times by 50%+

Retail TouchPoints

The facility, which currently employs 200 full- and part-time employees, is expected to require an additional 400 full-time workers by 2029. Tapestry already operates a fulfillment center serving the East Coast located in Jacksonville, Fla. Designed to distribute 22.2 RTP: The facility has opened at a time when the U.S.

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The Post-Pandemic Fashion Industry Makeover

Retail TouchPoints

Fashion companies like Levi, Patagonia and Eileen Fisher are moving toward resale in a big way by tying up with companies like Trove who collect and operate the resale business for them. Gen Z and millennial shoppers are driving the fashion resale growth, with the market projected to grow to almost twice the size of fast fashion by 2029.

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Embedded Finance: Making Payments Possible in New Frontiers

Retail TouchPoints

In fact, embedded finance will be a $777 billion opportunity by 2029. In doing so, businesses as diverse as consumer goods suppliers, transport operators, healthcare providers and entertainment companies can layer payment services into their processes, attract new customers with seamless payment journeys and generate additional revenues.

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IHL Study: Inventory Distortion Will Cost Retailers $1.77 Trillion in 2023

Retail TouchPoints

The report predicts that retailers could improve their gross margins by 25% or more by 2029 “if they were able to fully take advantage of all the benefits that AI can provide.”