Post by raihanali8877 on Jan 6, 2024 9:19:29 GMT
Fashion retailers have high conversion rates, with 89.3% of mobile traffic converted into sales. 1 A significant number of smartphone users, 79%, have made online purchases using their mobile devices in the past six months. 1 About 37% of smartphone users used their devices to make mobile payments in a store at least once every six months. 1 The global mobile payments market is expected to grow by 33% by 20221. Mobile payment apps are projected to process $14 trillion in transactions per year by 20221. Omnichannel Retail • Nearly half of brands (50%) expect connecting online and in-store operations and data to be their top challenge in the next year..
2 • Thus, 53% of brands are investing in tools that allow them to sell their products anywhere. 2 • 33% of brands say omnichannel fulfillment is their top priority in the next year. 2 • On average, 46% of Phone Number List retailers plan to increase their investments in digital channels such as online store, social commerce, mobile apps and live sales to increase sales in the next 12 months. 2 • 43% of brands will focus on displaying available products in nearby stores. 2 • Consumer goods retailers claim that sales from their brick-and-mortar stores are almost equivalent to sales from their e-commerce websites. Physical stores account for 18% of revenue, while e-commerce accounts for 19%. 2 • 81% of brands plan to maintain or increase their investment in live sales to drive sales in the next 12 months. 2 • 49% of brands plan to increase their investments in social commerce in 2022 2 • Over the next year, more than half of consumers (54%) are expected to browse products online and buy them in store. 2 More than half of shoppers (53%) are also likely to see a product in a store and buy it online. 2 • 55% of consumers want to browse products online and check availability at local stores. 2 • Almost half of consumers ( 47% ) prefer to be able to complete their purchase online and return to the store.
2 • Flexible mixed delivery options such as BOPIS are important to 58% of consumers. 2 General Retail Trade Statistics The retail sector is the largest employment sector in the United States, accounting for 52 million jobs. 4 The retail sector has a significant advantage, with 9.8 million workers directly involved, followed by education (7 million), local government (5.6 million) and healthcare (4.7 million). 4 As of 2020, there were 1,045,422 retail outlets in the United States. 4 Despite the challenges, the COVID-19 pandemic has not stopped the creation of new businesses, as the number of firms has increased by more than 48,004 since the start of 2021. E-commerce accounts for 13% of total US retail sales as of 20224 The share of e-commerce sales is growing steadily: from 9% in 2017 to 5.5% in 2012 4 The share of retail sales in e-commerce is projected to continue to increase. 4
2 • Thus, 53% of brands are investing in tools that allow them to sell their products anywhere. 2 • 33% of brands say omnichannel fulfillment is their top priority in the next year. 2 • On average, 46% of Phone Number List retailers plan to increase their investments in digital channels such as online store, social commerce, mobile apps and live sales to increase sales in the next 12 months. 2 • 43% of brands will focus on displaying available products in nearby stores. 2 • Consumer goods retailers claim that sales from their brick-and-mortar stores are almost equivalent to sales from their e-commerce websites. Physical stores account for 18% of revenue, while e-commerce accounts for 19%. 2 • 81% of brands plan to maintain or increase their investment in live sales to drive sales in the next 12 months. 2 • 49% of brands plan to increase their investments in social commerce in 2022 2 • Over the next year, more than half of consumers (54%) are expected to browse products online and buy them in store. 2 More than half of shoppers (53%) are also likely to see a product in a store and buy it online. 2 • 55% of consumers want to browse products online and check availability at local stores. 2 • Almost half of consumers ( 47% ) prefer to be able to complete their purchase online and return to the store.
2 • Flexible mixed delivery options such as BOPIS are important to 58% of consumers. 2 General Retail Trade Statistics The retail sector is the largest employment sector in the United States, accounting for 52 million jobs. 4 The retail sector has a significant advantage, with 9.8 million workers directly involved, followed by education (7 million), local government (5.6 million) and healthcare (4.7 million). 4 As of 2020, there were 1,045,422 retail outlets in the United States. 4 Despite the challenges, the COVID-19 pandemic has not stopped the creation of new businesses, as the number of firms has increased by more than 48,004 since the start of 2021. E-commerce accounts for 13% of total US retail sales as of 20224 The share of e-commerce sales is growing steadily: from 9% in 2017 to 5.5% in 2012 4 The share of retail sales in e-commerce is projected to continue to increase. 4