Brick-and-mortar commerce is alive and well. Although offline retail
traffic did fall during the first year of COVID, analyzing monthly
visits to major retailers in the United States since January 2019
reveals that, since March 2021, visits to brick-and-mortar retailers
have consistently exceeded pre-pandemic levels. And offline retail
traffic has been steadily growing, indicating that brick-and-mortar
retail is not going anywhere. At the same time, the shifts in consumer preferences and shopping
habits mean that the role of the physical store is changing. Today’s
retail outlets can operate as marketing platforms, delivery and pick-up
locations, venues for social outings, and showrooms where shoppers can
examine products before purchasing online. Retailers who effectively
leverage the various components of their store fleet can create a whole
that is greater than the sum of its parts... RSK: Sometimes people need to touch, smell, see a product before they will purchase. | ||
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