Will Department Stores Be History By 2030?

Retail TouchPoints

Last week, UBS analysts described Nordstrom as a “no-growth retailer,” one that hasn’t been able to fight off pricing perception and a cultural shift in consumer spending. Their functions as places of inspiration — where anyone and everyone could learn about the latest offerings of a vibrant consumer culture — have been largely supplanted by social media.

Volvo will only make e-cars and sell them online starting in 2030

RetailWire

Volvo is phasing out all vehicles that run completely or partially on fossil fuels and will only produce electric models beginning in 2030. The car manufacturer also announced that, beginning in 2030, consumers will have to go online to buy their new Volvo EVs. The car maker’s announcement earlier this week follows a similar announcement by General Motors, which pledged to be fully electric by 2035

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Pandemic drives growth of ghost kitchens

RetailWire

One response to the pandemic has been the rise of ghost kitchens to create meals for consumers ordering food online. Euromonitor has forecast that ghost kitchens could grow to a $1 trillion global market by 2030

Uncovering the factors changing the face of retail: Part one

PFS

Over the past decade, we have seen this sector move to a primarily online function and innovate to meet the needs of an ever-shifting assortment of consumers. Despite these unknowns, one thing has become apparent: Consumers are continuing to shop more and more.

Unilever pledges to remove petrochemicals from cleaning and laundry products

RetailWire

Unilever has said it will eliminate the use of petrochemicals in its cleaning and laundry products by 2030. The consumer packaged goods giant highlighted the environmental benefits of its efforts and said it was the first to do so. Unilever plans to use plant- and marine-based alternatives, such as algae, to replace the ingredients it is taking out

Ahold Delhaize Unveils Ambitious Health and Sustainability Goals

Retail Touch

Ahold Delhaize’s proprietary research found that 43% of consumers feel sustainability is “extremely important,” up from 28% of consumers pre-pandemic. Food — and how consumers shop for it — has far-reaching impact.

Five Ways Retailers Can Avoid Ending Up Like Toys ‘R’ Us

Retail TouchPoints

Recent studies suggest 60% of the world’s population will likely live in large cities by 2030, and that transition is already well underway. Also, contrary to popular belief, Millennials prefer going to brick-and-mortar locations , and by 2030 they’ll comprise 35% of all spending — invest in all avenues or your stores, physical or otherwise, will suffer.)

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Is Black Friday Still Relevant in 2020?

Retail Touch

The current shift towards online shopping is what we would have expected to see in 2030, meaning that the pandemic has accelerated the rise of ecommerce by a decade. They also must make sure that they are addressing their consumer sentiments in real time.

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[Shopify Statistics] Black Friday & Cyber Monday (2020)

AcquireConvert

The year 2030 has been pulled to 2020. The pandemic has fundamentally accelerated the consumer shift from brick and mortar to online. Across Black Friday and Cyber Monday Shopify merchants saw $5.1 Billion USD in sales.

Want To Reduce Your Environmental Footprint? Switch To Digital Signage

Retail Touch

Consumers love environmentally conscious companies. Worse, The World Counts expects paper demand to double by 2030, indicating that companies are not taking advantage of more environmentally and cost-friendly solutions. Consumers want to give their business to eco-friendly companies.

Trends Analysis: Brands, Carbon Offsetting and eCommerce Delivery

Scalefast

The idea consumers could have purchases delivered directly to their homes was one the industry was built on. The problem is when consumers opt for faster shipping or order surplus items with the intention to return them, writes CBC News science and tech writer Emily Chung, Ph.D.

Uncovering The Factors Changing The Face Of Retail

Retail Touch

Over the past decade, we have seen this sector move to a primarily online function and innovate to meet the needs of an ever-shifting assortment of consumers. Despite these unknowns, one thing has become apparent: Consumers are continuing to shop more and more.

Retail Trends in 2021 — Overcoming 2020’s Challenges

Retail Touch

We’re going to skip any in-depth discussion of consumers’ ever-warming embrace of online shopping because it feels more “established than trending,” and because with limited space we want to cover what we believe are more intriguing developments for supply chain professionals.

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To defy the retail apocalypse, Target and Best Buy embrace the blur

Steve Dennis

This line of largely misguided thinking contributed mightily to the idea that physical retail was destined to go away and led to some aggressive predictions about online shopping penetration getting to 50% by 2030 (or even 30% by 2025) that look less and less prophetic every day.

The Impact of Sustainability in Shaping Retail

Retail Next

In his article, “ Sustainability and the consumer in 2019 ,” Duncan Baizley painted a very clear (and research-based) picture of how consumers see corporate sustainability, noting that brands will need to move beyond messaging and rather token-like gestures and embrace real, systemic change.

The Retailers Creating ‘The Offer you Can’t Refuse’ for Customers

Retail Touch

But as with many innovations, voice offers both an opportunity and a threat — there is a risk that the voice intermediary will take the retailer’s place in the customer relationship, thus becoming a gatekeeper that influences consumers on where to shop, and not necessarily with you!

Etsy’s Shipping Initiative Puts Other E-Commerce Platforms to Shame – Want to Go Green? Take a Leaf Out of Etsy’s Book

Ecommerce Platforms

Unbelievably, the purchase of these ‘offsets' doesn't cost consumers a dime. Not to mention, when Etsy learned that only 10% to 20% of consumers pay emission offset fees they soon realized they'd have to foot the bill if they wanted to make a real difference. By 2030, Amazon wants to achieve this for half of its shipments.

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7 Brands Discuss the Benefits of the New Cashless Economy and Apple Pay’s Growing Ubiquity

BigCommerce

And by 2030, those surveyed expect digital wallets to be the primary source of payments. Obviously, consumers are nervous about credit card security so offering the many payment choices is a good idea. Speed and trust: the less info you need a consumer to enter on your site, the more likely it is that they will complete the transaction with you. Technology is restructuring how money moves.

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5 Reasons Why Nobody is Engaging With Your Social Posts (and How to Fix it)

Kissmetrics

Increasing at a rate up to as much as one new user every 8 seconds until 2030, ignoring this user group as part of your social media strategy is untenable. Cisco forecasts , “…Internet video streaming and downloads are beginning to take a larger share of bandwidth and will grow to more than 81 percent of all consumer Internet traffic by 2021.”. 56% of consumers report they’d rather fire off an emoji than pick up a phone. Your content is poppin’.