Whitepapers

Retail Execution for the Ultimate Shopper Experience


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When shoppers began buying products online instead of in stores, brick-and-mortar retail had two choices: remain stagnant (and hope for the best) or evolve (and take mattersinto their own hands). The stores you see today chose the latter. They adopted ecommerce sites of their own to ward off the competition, and they added omnichannel shopping experiences to meet modern customer preferences. Due to this willingness to evolve, traditional retail has held its ground against ecommerce: it still accounts for 87% of total sales and grew faster than ecommerce for the first time ever in 2021. But the dust is far from settled.

 

 

 

 

 

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2023 INDUSTRY OUTLOOK

Execution has always been a cornerstone in retail, but in the coming years, it will be indispensable to success. The margin for error is slimming, consumers are expecting more from their shopping experiences, and retail teams from all sides of the aisle are being asked to do more with less.