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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The latest research shows 40 percent of surveyed shoppers report doing fewer activities in stores and more activities online — this is up from the 12 percent who reported doing so on March 6.

Retail 295
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UK Agencies Paint Stark Reality For Retail

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retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. The results of its survey suggest that U.K. These are extraordinary times for the retail sector. But the U.K.

Retail 141
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Walmart And Amazon Up Their Private Label Retail Game

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But the growing use of those brands to attract sales is also leading to more focus on potential challenges for online, private label retail over the next few years. Private brands, of course, are hardly new, and their use in retail predates the birth of eCommerce. Consumers can buy furniture anywhere.

Retail 158
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Overstock Unveils 17 Private Label Brands

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Overstock has unveiled 17 exclusive private label furniture brands, featuring more than 16,000 furniture and home décor products. Brands, introduced through the new selection, include The Gray Barn, Carson Carrington Home, and Laurel Creek. According to Retail Dive , the announcement comes as Overstock is looking for a buyer.

Branding 122
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Why Brick-And-Mortar Merchants Are Tapping Into Unattended Retail

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To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. percent — of surveyed Canadian consumers would not mind autonomous vehicle deliveries.

Retail 198
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RetailMeNot Launches 4-Day Discount Shopping Event As Retail Sales Rise

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RetailMeNot , the Texas-based company that operates coupon websites, announced “Rebound with RetailMeNot,” a four-day event featuring deals from a variety of popular stores. Some brands will offer as much as 20 percent cash back, RetailMeNot said. Census Bureau reported the nation’s retail sales increased 7.5

Retail 131
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Supermarkets Hoard Staples For Holidays, COVID Resurgence

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Associated Food Stores , a Salt Lake City, Utah-based cooperative that supplies supermarkets, said it has started to build what it’s calling “pandemic pallets” of sanitizing products so its warehouses will be fully stocked, Darin Peirce, vice president of Retail Operations, told WSJ. “We