The trend toward shopping using the Internet is growing faster than expected (Cramer, 2014). Since Internet has become popular medium for people to shop, more companies then launched online shopping platform. With this new platform, they were able to do sales directly to their customer.
Brick-and-mortar stores are losing their touch in the retail world. Not only has there been a huge surge in online-only stores in the last decade, but traditional retailers have had to up their online game.
It is no surprise that the increase in online shopping among consumers has changed the traditional brick and mortar retail store. As more consumers shop online, brick and mortar retailers are shifting their in store retail systems to identify closer to a “just in time” inventory system, and shifting seasonal products while attempting to enhance the customer service experience to remain appealing and relevant (Ramos, 2010). Online retailers continue to push boundaries and generate innovative avenues to reach the consumer faster and more competitively without geographic boundaries, leaving brick and mortar retailers like Home Depot to renovate their own procedures and systems in store and online. One issue that plagued Home Depot was its outdated
Consumers must feel that they are making the right decision. Physical stores can not only offer a beautiful place filled with all sorts of aesthetically appealing items, but also they offer a social experience. For many, “going food shopping” has become a ritualistic outing. Thus, online suppliers must counter-act this. In order to do so, not only must they somehow lure the consumer in in the first place, but also they must be mindful that the consumers’ experiences must be perfect. This means that they must first engage the clients without having a location and then be sure that inventory and offerings are totally accurate and that no products are damaged in the process. Online suppliers have tried to differentiate themselves and find a niche in offering something that is more “green” and environmentally friendly. Whilst supermarkets can only tell customers to bring their own bags, online retailers not only can say that they are more ecologically friendly, but also offer even more “green” options at a higher cost. Operationally this translates into a massive online experience that needs qualified programmers, designers, product development experts, able to discern the right online configuration needed to convince
According to MarketLine, the world online retail market expanded by almost 18% in 2010 and is predicted to reach close to $435 billion in sales. The market is expected to reach a 90% growth by 2015 and exceed $827 billion in sales. Listed in an article “Ecommerce Growth Statistics”, the average amount spent by each consumer is expected to rise from $1,207 per year to $1,738 per person by 2016. That is a significant increase. That shows that people prefer to shop online than going to the actual store in today’s society. Shoppers will spend on an average of $327 billion online shopping in 2016, which is about 45% from $226 billion in 2012. It is very evident that consumers will drive ecommerce into the future; especially e-retail. In just a few years, purchases online will be more profitable than ever, with others products and services available to purchase such as mobile and social allowing consumers to shop to their convenience. For retailers and
-Honestly, I have little to basic knowledge about Shopify. All I know is this program is used to upload the products that you want to show in your website. You can input the sizes, amount, description and the image of your product as well as the payment method. You can also track the orders through this software.
A distinguished structure that is present in today’s retail environment is a shopping centre. A shopping centre is where multiple stores presenting different merchandisers are formed under a building and allocated through a leasing agency. Shopping centers are aimed towards middle income suburban residents who are mobile. A shopping centre has controlled walkways which enable consumers to walk from store to store. Plenty of effort is put into developing the design of a shopping centre, thus increasing the amount of time people spend shopping. The
Programming is a time-consuming process since every step needs to be defined. To be more efficient, developers try hard to not repeat code they have written which still works. The Unix and NodeJS community embrace this by creating and distributing small, reusable modules. Almost every app that I have seen the source code for has third party modules being used. It may sometimes be foolish to reinvent the wheel, however, software developers should when an existing library cannot support a use case or for a learning experience.
Shop.ca faces many negative aspects of the external environment that will affect the company’s future. E-commerce is not well tracked on statistics Canada but data in 2012 showed that 83 percent of Canadians are online and only 56 percent of those actually end up making their purchases online, this number has now grown but not significantly. In 2012 retail sales in Canada only generated $25 billion dollars, compared to the U.K who's online sales accounted for more than 20 percent of retail totaling almost $200 billion dollars. Latest statistics in Canada now show that online retailing is expected to total nearly $40 billion dollars by 2018, which still will not even be half of what the UK was generating, in what will be, 6 years ago (Statistics
This result shows that customers want the retailers to have a mobile app so that they can easily browse through the products while they shop inside the store using in-store Wi-fi. Lack of customer service can be another factor that causes retailers to fail in omnichanneling.
Over the past decade, Internet usage has soared to new heights, and as a result, a new e-commerce platform hits the market every day. Leading to decreased prices and increased efficiency, competition is good for business, but it can also create quite a headache. Each platform has its own set of pros and cons, and sorting through them all can be tedious and frustrating. Though potentially time-consuming, it is important for users to carefully analyze each available platform, comparing its features to their unique business needs. In the digital realm, an e-commerce platform acts as the location of your business, and just as it is in the real world, location is everything. With this in mind, choosing the right platform for your business is crucial
Switching to retails store allow customers to experience hand on experiences and services from the stores. Additionally, it will be convenience for people in the area to come ask for help and support with technology. Furthermore, brick and mortar store allow you to displace different types of merchandise mix, such as artist albums, records, and artists fashion line. These aspects will enhance the Spotify’s brand image and offer them the opportunity in making further sales, as well as attracting local
Today’s customers are more aware and empowered, and have more bargaining power due to the exponential increase in competition – direct, indirect or substitute. In retailing, they want hassle-free shopping, have less time at their disposal to locate the shop and the merchandise and are reluctant to keep waiting. The modern format retail stores are doing their best to anticipate the customer’s demands and are going all out to redesign their store interiors, offer more choices in varieties and assortments, and are giving as many services as feasible.
Online commerce was introduced to consumers in the mid-1990’s, and in the years since, it has grown exponentially. It started out virtually nonexistent and has become a multi-billion dollar industry. Nearly every retail sector has entered online commerce; clothing, electronics, home, health and grooming items, even food and groceries are starting to gain traction online. Online commerce sites rival traditional brick and mortar stores such as Walmart and Target, as well as other big-box stores. As online retailers such as Amazon continue to expand, many brick and mortar stores have been making their way online, indicative of an increasing movement towards online commerce. With more than 80% of the online population having made an online
- Small-Medium Enterprises (SMEs) wishing to build an online presence at Yahoo! website by subscribing to the Yahoo! Merchant Solutions program which help SMEs to create and run a virtual store front in under an hour! The package comes with a domain name parking service, a business application suite such as business web mail service as well as all the hosting needs all rolled into one simple solution. The revenue source will include the monthly subscription fees of the SMEs for the running, maintenance and 24/7 support extended to the merchants. This greatly reduced the transaction costs involved in