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New data from leading eCommerce provider Visualsoft saw that while overall Christmas revenue dropped by 4% compared to 2023, average order value (AOV) rose by 21%, reflecting the growing impact of thoughtful shopping and retailer incentives. Office goods saw revenue increase 35% as people look to kit out their space for homeworking.
By 2032, digital will be the most important area of their business, and sectors that today have remained relatively untouched — motor vehicles and parts, convenience stores, furniture/homefurnishing stores, building material, and more — will have reinvented their digital posture and orientation.
Homefurnishing brand Cloth & Company is working with 3D asset creation and management provider All3D to help even small retailers and designers overcome this challenge through the creation of virtual showrooms using 3D rendering software. Creating the virtual showrooms was a fairly intuitive process.
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 homefurnishing sales by 2022, retail store owners can no longer afford to miss out on the opportunity to ramp up their cross-channel game plans.
And two categories that were down for the year we’re homefurnishings and electronics which is interesting to me in a little surprising. Like an industry-standard estimate what what you do have you know again think about this December had a weird or shape than ever before it was way more e-commerce n trick.
It did and then, furnishings and furniture and HomeFurnishings grew at 21 percent so about the industry average and again because of all the money people spend on their homes I kind of would have expected that to be higher so those two things.
Scot: [3:46] I feel like we should create a new word for this I’ll work on it in the vein of a ship again yeah that’s just boring I don’t know. If you want to follow along on with all the data, here is a visual recap of retail growth 2020-2021. PDF Download). We also highlight the six most important trends of 2021.
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