Shopping

[New] Affirm and Shopify will begin testing in the coming months, with Shop Pay Installments expected to be made available to eligible US merchants starting later in 2020.
[New] By 2022, voice shopping is expected to jump to $40 billion in the US and by $5 Billion in the UK.
The first of Kroger's robot warehouses is not even scheduled to open until early 2021, so there is time for grocers and shoppers to figure out any new preferences to grocery shopping.
Social Shopping: With the growing influence of social media, in 2020 will mark a crucial tipping point for social commerce as a prominent channel for online shopping.
Department stores: Following months of store closures, growth will further decline from initial predictions of -1.1% to -17.8%, to an estimated £12.9bn in 2020, as shoppers are expected to continue to shop online despite stores reopening.
As a consequence of Covid-19, Chinese shoppers might drive a majority of sales as soon as this year, as they start to buy again while western consumers retrench.
Retail stores may take a big hit: 100,000 locations could close by 2025 - a trend accelerated by the COVID-19 outbreak - if more Americans opt for online shopping.
There is strong potential for consumers, previously cautious around online shopping, to gain confidence and retain a higher proportion of spending online after the crisis, which will drive increased demand for 'last touch' logistics in particular.
With global e-commerce sales set to reach $4.1 trillion next year, the significance of social shopping forecasted to rise and mobile transactions set to dominate 73% of all online sales in 2021, the user journey is paramount.
COVID-19 has undeniably accelerated the growth of online grocery shopping across all age demographics, with 50% of all American consumers projected to have tried online grocery by the end of 2020.
Menthol cigarettes are one of the products that will be banned from UK shops as new smoking laws come into effect this year.
Consumers are reliant on digital devices now more than ever, and Business Insider Intelligence predicts that mobile will inch closer to becoming consumers' preferred channel for online shopping within the next five years.
After a bruising year, US department stores and apparel retailers will seek to bounce back in 2020 by closing more locations, shrinking their shops and adding more experiences to attract customers - like old-fashioned tailoring and trendy in-store cafes.
The coronavirus pandemic will vastly accelerate the decline of the British high street, where the number of shops could more than halve in the next two years.
Drastic changes in the capital markets in which shops operate, as well as new demands that younger generations will expect of the advice market, are creating the 'strongest shifts' asset managers have seen in more than 40 years.
Global e-commerce sales are expected to top $4.2 trillion in 2020 and reach more than $6.5 trillion by 2023, with more than 2.1 billion shoppers expected to purchase goods and services online by 2021.
Online returns will become a $550 billion problem for retailers this year due to the rise in online shopping.
UK retailers could be missing out on online sales estimated at £17.1 billion a year by not meeting the needs of disabled shoppers online.
UK consumers will spend more than £4bn getting their caffeine fix from high street coffee shops this year.

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Last updated: 02 August 2020