Tony D'Onofrio
Research
- October 04, 2021
The Future of Commerce 2025
Statistics show that global e-commerce revenues are expected to reach more than $2.7 trillion in 2021 and will continue to rise to $3.4 trillion in 2025. The Covid-19 pandemic forced brands to reimagine their approach to the commerce experience, both in-stores and online. As brands begin to integrate new digital touch points as part of their buyer's journey, it is important they keep their finger on the pulse of innovation or they may fall behind the curve. -from Rethink Retail
- September 27, 2021
Sounding the Alarm – How Rapid Adoption of IoT Devices is Compromising Retail Security
32% of retailers admitted to rolling out technology without the same rigor and safeguards they normally would due to the rush and desire to capture sales during the pandemic. Only 61% of retailers consistently use hardware level security, and even fewer follow all security best practices. -from IHL Group
- September 20, 2021
Retail Statistics 2021: the 100 Most Insightful Stats You Shouldn’t Ignore
Around 85% of Americans have said that Covid-19 impacted their shopping habits in some way, including reduced overall spending, increased online shopping, and increased use of delivery services.
- September 13, 2021
2021 Holiday Retail Forecasts and Predictions
KPMG expects that 2021 holiday sales for U.S. retailers will be 7% higher than last year’s; The 7% growth is almost double the retail industry’s historical annual growth rate. Surveyed U.S. retail executives expect 2021 e-commerce holiday sales to grow 35% compared to the prior year. Retail execs anticipate that 2021 holiday sales will represent on average of 35% of their company’s total annual sales. -from RIS News
- September 06, 2021
Supply Chain Technology Study 2021 - Preparing for the Supply Chain of Tomorrow
To future-proof retail supply chains against the inevitable next round of disruptions, retailers are devoting 30% of their overall tech budgets to improving overall supply chain capabilities. The most future-forward technologies that show the highest levels of retailer interest are robotic automation — robots for picking and packing (20%), drone or self-driving customer delivery (16%), and robots/computer vision for shelf stock monitoring (16%). Dark stores (16%) also appear on the emerging tech list. -from RIS News
- August 30, 2021
Top 10 Touchless Trends to Watch
2021 Retail Technology Purchases Plans by Sector. Stores more important than ever, but great changes are happening. Labor shortages. Inflation in wages / product costs. Chip shortages. Customer pickier, want removal of friction. Great inefficiencies due to COVID-19. -from IHL Group
- August 23, 2021
NRF 2021 USA Retail Security Survey
Despite the many new avenues for shrink, the overall rate of USA retail shrink remained relatively steady compared with 2019. While that can be seen as good news, it is worth noting that it remains above the five-year average. The shrink rate also seems to cut a fairly wide swath across retailers, with fewer keeping their shrink rates below 0.5%.
- August 16, 2021
Retail's Shakeout and Growth Story
The True USA Story of Store Openings and Closing. For each company closing stores, 4.2 are opening stores. Retail growth is accelerating. Labor, product, and chips are major constraints. Chain retailing has mostly right-sized. - From IHL Services Group
- August 09, 2021
33 Statistics Retail Marketers Need to Know in 2021 -Invoca Blog
81% of retail shoppers conduct online research before buying. In 2021, US retailers will spend $35.48 billion on digital ads. This is a 25% projected increase from 2020. The average cost for a retail lead is $34. The average conversion rate for a retail lead is 3%.
- August 02, 2021
The eBook: Retail Commerce In Context
RSR's goal in their most recent study was to understand how well retailers have been able to pivot to a digital-first world, the challenges they face, the opportunities nascent in the marketplace, and how their technology portfolios are able to support these shifts profitably? -from RSR Research
- July 26, 2021
The Shopper Speaks: 8 ideas for focusing on returns
Online returns more than doubled in 2020 from 2019. Ecommerce accounted for $565 billion, or 14%, of total U.S. retail sales. Plus, approximately $102 billion of merchandise purchased online was returned. -from Digital Commerce 360
- July 19, 2021
Life Reimagined: Mapping the motivations that matter for today's consumers
Global consumers have new motivations beyond price and quality. They are ready to abandon brands that don’t support their reimagined values. And to pay more to those that do. - From Accenture
- July 12, 2021
The Future Shopper Report 2021
A deep dive into 17 international markets and 28,000+ consumers to uncover how the global online shopper is shaping the future of commerce and how businesses need to respond to win online. -from Wunderman Thompson Commerce
- July 05, 2021
Evolution of How Consumers Shop -RIS News
The powerful combination of digital shopping and brick-and-mortar stores creates a multiverse of options for consumers. When executed effectively, a comprehensive omnichannel strategy creates a flywheel effect for retailers that drives sales and consumer loyalty to new levels, a phenomenon demonstrated by successes from such omni-commerce leaders as Target, Walmart, Lowe’s, Best Buy, and Kroger.
- June 27, 2021
PwC's Global Consumer Insights Survey 2021- The global consumer: Changed for good
The COVID-19 pandemic has been one of the greatest health crises in modern history. As consumers pivoted and adopted new habits, business leaders whether changes would be fleeting or permanent. Now PwC's June 2021 Global Consumer Insights Pulse Survey reveals that the changes are sticking - signifying a historic and dramatic shift in consumer behavior.
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It is a Small World
"To succeed in life, you need three things: a wishbone, a backbone and a funnybone." – Reba McEntire
Continuing our global journey to learn something new, our next stop is the Trevi Fountain in Rome. The name "Trevi" comes from the Italian words tre, meaning "three", and vie, meaning "roads". The fountain is located where three roads meet.
A fountain has been located at the Trevi Fountain site for over 2,000 years. The current fountain was designed by Nicola Salvi and built between 1732 and 1762. It's the largest Baroque fountain in Rome.
The Trevi Fountain's water comes from the Acqua Virgo aqueduct, the only functioning aqueduct from ancient Rome. Local lore says that throwing a coin into the fountain will ensure you return to Rome. Other lore says that throwing two coins will lead to love, and throwing three coins will lead to marriage.
Wishes aside, since 2006, a Roman Catholic charity called Caritas has collected the roughly €3,000 a day thrown into the fountain and used it to provide food and social programs worldwide.
Life is one sweet ride. Time flies way too fast. Take a moment. Sit at your favorite place. Imagine the history before you. Live each moment as it was your last. One day, it will be.
Categories
Brilliant Research
Unlocking Shopper Reactions to Secured Products
60% of shoppers report seeing locked-up merchandise on a regular basis. More than a quarter of shoppers say a retailer loses their purchase when items are locked up. 62% of shoppers say they typically wait for assistance when they encounter locked up merchandise, and 9% say they order the item online from that same retailer. - From Numerator.com Read more
Smart Infographic
Retail Media: An Evolving Growth Opportunity that Won't Wait
Retail media is still surging. Ad spending with US retailers is growing 9X faster than traditional point-of-sale shopper marketing. - From Bain & Company
Insightful Videos
Why EV Leases Are So Cheap Right Now In The U.S. -CNBC
Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. Read more
