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A retail project ten years ago is worlds away from where we are now; e-commerce adds more competition to retail and tech evolves the way we shop. All of that change is only possible for retail if the fit-out industry can evolve in tandem. In 2002, Marks and Spencer held a 12-week self checkout trial.
In 2002 Wayfair’s founders Steve Conine and Niraj Shaw noticed a trend. If you do subscribe to our retailtrends newsletter to get the latest retail insights & trends delivered to your inbox 5. Wayfair’s customers who shop infrequently put pressure on marketing spend. Do you like this content?
This was Nordstrom’s way of thinking more holistically about its customers’ needs and in return customers often shop while dropping off a return. The brand set up popup shops in Nordstrom stores around the United States. In 2002retailers selling goods comprised 53.2% of the retail space in the United States.
While brick and mortar stores still play a strategic role in this market vertical, online shopping has skyrocketed, and with $294 billion expected in online home furnishing sales by 2022, retail store owners can no longer afford to miss out on the opportunity to ramp up their cross-channel game plans.
1997: The first contactless payment system, Mobil Speedpass, was launched, paving the way for convenient and fast payment methods in retail. 2002: The United Kingdom introduced the first cloud-based POS system, enabling businesses to manage their operations remotely and efficiently.
With companies like Shopify it has never been easier to set up shop online. If you do subscribe to our retailtrends newsletter to get the latest retail insights & trends delivered to your inbox 3. Unlike many direct-to-consumer retailers it has largely only served customers online.
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