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Future Of Retail
The future of retail can be explained in the following points
Retail Sales hit $25 trillion US dollar
Retailer Spending higher on Ads
Bricks & Mortar shops still dominate the retail industry
Online retail shopping reached 14% in 2019
Also read - what is retail
Retail sales go up day by day as shopping is one of the best things to do. People are spending more to buy their loved brands. Retailers are spending more money on the ads be mainly digital ads as people love to shop online. Since long brick & mortar dominated the retail business & since long it not changed & in the future also it is not going to change. Ecommerce is changing the shopping habits of the people now people love to buy & love to get the order delivered at the doorstep.
Technology is making a big impact on the retail industry as technology helps the customers to make the decision quickly. Day by day technology is changing so the retail industry is also changing. Smartphones, Apps & Mobile Commerce is impacting the retail industry in a big way.
The future of retail stores is still safe here, but only by timely adoption and up-gradation of technology, which gives a great in-store experience to shoppers.
So we can say that the future of retail is bright, many changing factors are changing the retail industry & change in good. retail is everywhere & growing every day.
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