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The landscape of American retail is changing, with new customer demands, new players, new competition and a growing proportion of sales taking place across new digital channels like socialcommerce. retail sales growth. At the same time, specialtyretailers like Party City and Joann faced challenges.
While we’re expecting this year to see an acceleration of many trends that took off in the pandemic years, the consumerisation of B2B e-commerce is the sleeper of the 2023 season. Without further ado, here are four major areas for retailers to focus on in 2023. Socialcommerce and live shopping.
But if you have never heard of socialcommerce, now is the time to stand up and pay attention. Statista has reported that the global value of socialcommerce will grow from US$1.3 In late 2023, Salesforce reported that 59 per cent of consumers had shopped on social media, a massive jump from 15 per cent in 2021.
We started as a direct-to-consumer brand, and now you can find Fishwife in 5000 brick-and-mortar retailers across the US, including Whole Foods, Sprouts, Target and thousands of incredible independent specialtyretailers.
Although mass merchants are poised to get the majority of back-to-school and back-to-college sales, apparel and specialtyretailers have more opportunities than ever to use social channels like TikTok and Instagram to bridge connections. Gen Z-centric brands prioritizing digital community building.
According to a report , small specialtyretail stores have a market size of $33.4bn in the US. Want to know more about small specialtyretail store businesses in the country? 62% of businesses believe that socialcommerce has helped them improve customer communication.
WeChat has emerged as a social and commercial ecosystem within which consumers can manage their social and retail life: they can post, make calls, send messages, play games, pay bills, buy products and book taxis. As a result, socialcommerce is no longer considered a separate shopping channel. cegid.com/en.
No Shopify launches an ad product such as a retail media network Yes Meta/Google/TikTok lose ad share to new social media platforms and retail media networks. A least one retailer has an AI based auto-replenishment solution with significant adoption. Number five prediction for Jason Retail Geek.
It’s interesting that these kind of you know inexpensive gamification sites are getting so much traction at all obviously wish has by all all apparent measures done pretty well here so.
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