“In numbers compiled for this Forbes.com story, new research shows that since 2018 approximately 22% of all the department stores in the country have closed or will close before the end of the year. This represents 798 individual department stores, including entire companies that have gone out of business, companies in chapter 11 bankruptcy proceedings…
Tag: brick and mortar
Data Drop: eCommerce Numbers Steal Relevance
“While last week’s 16 percent overall spending drop lit up the headlines and scored high on the drama factor, it’s the eCommerce numbers – up 8.4 percent during the same period – that could hold the most importance for the future. Our research shows that 32.8 percent of consumers are shopping for retail items just…
4 views on the future of retail and the shopping experience
Natasha Mascarenhas says retailers will need to find new ways to sell aspirational products — and what was once cringe-worthy might now be considered innovative. Devin Coldewey sees businesses adopting a slew of creative digital services to prepare for the future and empower them without Amazon’s platform. https://www.google.com/amp/s/techcrunch.com/2020/05/29/4-views-on-the-future-of-retail-the-check-out-process-and-lines/amp/
Autonomous retail startup Standard Cognition acquires competitor Checkout Technologies
“As cashiers across the country take precautions to limit interactions with customers in the midst of the COVID-19 pandemic, it’s hard to think of a better time for the rollout of an Amazon Go vision of autonomous retail. Standard Cognition CEO Jordan Fisher has been building towards that future for the past several years. His…
Payoneer CEO: eCommerce’s Surge And Brick-And-Mortar’s ‘Vicious Cycle’
Payoneer found in its recent Q1 eCommerce Index, cross-border sellers in the U.S. and U.K. saw massive spikes in their year-over-year sales volumes across the first quarter, up 53 percent. 58.4 percent of consumers who bought cleaning supplies both before and after the pandemic have gone digital, as have 43 percent of consumers who bought…