Retail Needs an eCommerce Element to Survive

Retail Needs an eCommerce Element to Survive

Retail businesses are not left behind in any way. ecommerce has created a new trend in the way goods are exchanged for money. Of course, there is still a place for your local retail store, however, your survival depends on a good blend of the two retailing models. Take for example, in the U.S, about $63.4 billion was exchanged through e-commerce between January and March of 2016. A huge jump of 35% from 2013 figures. This means local retail stores including yours have lost a chunk of money to online retailers. It gets better, it is predicted that by 2018, e-commerce will account for over 12% of retail sales.

It gets better, it is predicted that by 2018, e-commerce will account for over 12% of retail sales. Be it fashion store, bookstore, electronic store, and any other type of retail stores you can think of, there is increasing consumer awareness on the benefits of online shopping. Why should you adopt e-commerce? 1



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