This article discusses the benefits of e-commerce as a retail option in a recessionary economy, and lists effective strategies when adopting an online medium that could result in growth for a retailer.
This article discusses the benefits of e-commerce as a retail option in a recessionary economy, and lists effective strategies when adopting an online medium that could result in growth for a retailer.
As Australian online shopping – expected to be worth $21.3 billion this financial year and $30.8 billion by 2015-16 – continues to threaten bricks-and-mortar businesses, retailers are using the latest technology, combined with social media, including more shopping apps, to lure customers back into their stores.
The chain’s 2011 online sales amounted to less than 2 percent of its $264 billion in U.S. revenue…Wal-Mart is trying to improve links between its store inventory, website, and mobile phone apps so that more customers can order online and pick up their purchases at stores, which half of Web customers do already.
The food and grocery market accounts for over two thirds of the $505 billion Indian retail market. According to retail consultancy Technopak, the retail market is projected to touch $725 billion by 2017.
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