How Shopping Has Changed Our Lives Of The Consumer

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

Technology is constantly changing and it influences the shopping habits of the consumers. Roberts (2004) argues that online shopping opportunities have increased

For retailers, being online is efficient and improves customer relationships, but it does not replace a retailer's ability to "up-sell" and ultimately it struggles to match the brand appeal created by a physical presence in a strong shopping centre.

Over the past decade, Shopping on the internet has skyrocketed with internet sales reaching almost £30 billion in 2012, which accounts to almost 10% of total sales in the UK. This is due to the increased possession of Internet devices such as: smartphones, laptops and computers. It has become much easier and simpler for

The Internet has changed the way we do virtually everything, including the way we shop. However, shopping is not the only thing that has changed. In the last decade we have changed the way, we apply for loans, study, and even plan a vacation. Doing any of these things would have been impossible a few decades ago. At present, online banking, paying bills, ordering new services, and shopping online have become part of our daily lives. Traditional brick-and-mortar stores have been around much longer than online stores, but we cannot deny that online shopping is giving the traditional stores competition. Many consumers still choose to shop at regular brick-and-mortar stores because they like to see and

Convenience has been the deciding factor for the survival of online retail for the past couple of years. Whether it is the convenience of time or just simply having the luxury of items being shipped to any location, online shopping has become very popular. In Computer Weekly’s article “Are Bricks-and-Mortar stores the Next Step for Online Retail?” Clare McDonald discusses the future of online retail and the future for retail and small businesses. Agreeing with Miya Knights an IDC analyst,

After careful analysis of retail store sales, expansions, restructuring, and competition of online retailers, I have found that Wal-mart stores have continued to thrive through the financial crisis of 2008 and continue to growth through rebranding and continuing to incorporate new technology to provide the highest level of customer service (see figure 6). As technology becomes a bigger part of our lives every day, it becomes more important than ever to increase technology into the shopping experience for the customers. Furthermore, with online retailers providing a wide variety of products, product selection is crucial. Stores that do not provide a large selection of different products will continue to show declines, compared to stores that incorporate new products and various types of single products. Wal-mart has shown that including grocery items into their stores has allowed for a single inclusive shopping experience, and results in increased sales revenue. Single item stores, such as Payless and Radio Shack, that never branched into new product lines, have found themselves closing up shop sooner rather than later (see figure 7). This leads to a primary conclusion that innovative incorporation of technology, research into customer studies of newest trends, and an incorporation of new products to increase the “one-stop” atmosphere in retail stores

We will see our customers go online on their cell phone and check on what we have said and then purchase the item there in our store, where it is convenient and they can try the item on and take it home that day. Our customers are ubiquitous in that we have to stay on top of their various purchasing trends and predict the movements that they are going to make on a daily basis. Sometimes we get it, sometimes we don’t. We have found that our customers want options that work for them right at their fingertips along with great customer service. We have found that “omni-channel” shopping (the use of a variety of channels in a customer 's shopping experience including research before a purchase-Wikipedia, https://en.wikipedia.org/wiki/Multichannel_retailing) is not only on the rise, but also here to stay. We need to find ways to embrace this new shopping method and find ways to optimize their experience within our store utilizing these methods. A few strategies that we are considering are:

Online shopping has completely altered the way we experience the world around us today. Online shopping has transcended us from the physical world and led up into the virtual one. Not only can one buy something physical online

Thesis: Online shopping is better than in-store one and will have more customers in the

The proliferation of online shopping has significantly altered the retail landscape. While the physical store continues to exist - and even thrive in many cases - the risk of turning irrelevant remains. Millennials - who will constitute a significant percentage of the consumer population in the future - prefer the convenience of online and mobile shopping. When they occasionally do step into the store, it is more likely to experience the product than complete a purchase.

This is evidence that online shopping is affecting the viability of physical storefronts to stay in business. Identify the main problems and offer solution. There are a growing number of people choosing online shopping and this growing trend has emerged all over the world over the last few decades. Online shopping cuts a lot of hassle and stress out of going to the store but also has a possibility of charging more so people are more and more interested meanwhile many would argue that it is an easy alternative to leaving the house and going to the mall. Online shopping is making things much easier in terms of time. The only thing you have to do is go to the

The traditional retail market has been transformed by technological advances. The internet today has allowed consumers to purchase various products from home ranging from apparel to groceries. The online shopping market has grown significantly within the past decade, leading to many online e-commerce startups such as Amazon, eBay, and mobile start-ups such as Instacart. While e-commerce provides convenience for shopping, it has created major disruption to the traditional shopping industries. Traditional retailers have since faced bankruptcy due to their inability to compete with such start-ups. The traditional American toy store, Toys R Us, announced its state of bankruptcy just last month due to a significant decline in sales. More and more consumers are turning to online giants such as Amazon to purchase daily items as a result of convenience. According to the Washington Post, Toys R Us is just one of more than 300 retailers to file for bankruptcy this year, as Americans ditch the shopping mall in favor of their laptops, smartphones, and tablets (Bhattarai, 2017). Shopping which used to require walking or a vehicle trip to stores is no longer required for consumers with online shopping. Online shopping has appealed to consumers worldwide by encompassing the business aspect of service convenience which constitute saving time and/or effort (Jiang, Yang, and Jun, 2012). For consumers whom have busy lives and those whom are physically disabled, online shopping is a positive

When thinking about the top three points in the Kimberly –Clack case indicates the way customer’s shop in-store opposed to virtually. The case demonstrates that there several adjustments that need to be completed with Virtual Technology. These changes to this form of technology present an integrating end to the traditional method for shopping in the business sector. In implementing these strategies/changes will permit “quicker feedback, more economical and adequate training along with other forms of evaluation (O’Brien and Marakas, 2009).” One of the benefits of virtual technology is this strategic form of technology embarks upon the value of service rendered to companies similar to Kimberly-Clark presents to sellers within the company. Implementing formative strategies such as these aids in the way buyers plan to shop. It equips the customer with the ability to virtually compare product in more or a visual aspect even including a new product that hit the market. Shoppers will have the flexibility to reflect upon the data retrieved from the virtual technology to support the companies the product and the developmental stages. These methods will promote that shopping with the opportunity to explore product goods/services through a system that reconstructs the way we shop aisle by aisle. This technique is more engaging for the customer to actively participate in selecting items before making their virtual purchase opposed to being put on the spot when shopping

Supermarket e-commerce stores that have altered business practice grow very fast. The popularity of online supermarket increases every year. Keynote’s study (as cited in Hand, Riley, Harris, Singh, and Rettie, 2009, p. 1205) explain that in 2006, the percentage of online supermarkets are higher approximately 35% than previous year. It could be that customers will shop online only in the future if the popularity of traditional stores go down. In addition, many supermarkets such as Walmart, Coles, and Giant are starting to build e-commerce. Online supermarket grow