Assuras
Retail
There are too many risks for retailers to ignore the shift towards the future of retail, which means investing more in digital and cutting costs from brick-and-mortar stores. Assuras provides strategic solutions to meet these challenges - because we're experts at understanding what it takes to be successful when competition is tough.
Most Recent Retail Statistics
➔ In 2019, e-commerce sales grew by 14.9% to reach $601.75 billion
➔ According to a study by the National Retail Federation, 56% of consumers say they are likely to shop online more in the next year
➔ The average US retail customer spends $1,704 per year on retail purchases
➔ There are approximately 3.8 million retail establishments in the US
➔ The retail industry employs 42 million people in the US
➔ The US Census Bureau estimates that 75% of the US population shops online
Our Contribution — Services
Assuras offers a wide range of services in the Retail Industry, including:
- Strategic planning for retail businesses
- Optimizing store layouts
- Digitalizing Retail Operations
- Managing digital store operations
- Developing marketing strategies
- Improving customer service
- Increasing sales and profitability
- Analyzing retail data
Current State of Industry
The retail industry is currently in a state of flux. Online shopping has been on the rise in recent years, and brick-and-mortar stores are struggling to keep up. Many traditional retailers have closed their doors, while others are struggling to stay afloat. The future of the retail industry is uncertain, but it is clear that the landscape is changing.
The rise of online shopping has been a major disruptor to the retail industry. More and more consumers are turning to the internet to purchase items, and this trend is only expected to continue. This has put pressure on traditional retailers to either close up shop or find a way to compete with the convenience and low prices of online retailers. Many have turned to omnichannel strategies, which allow consumers to shop online and in-store, but this is not a silver bullet. The retail industry is in a state of change, and it is unclear what the future will hold.
Future Prospects
The future of retail industry will be very exciting with the advent of new technologies like artificial intelligence, robotics, and virtual reality. Retailers will be able to offer more personalized shopping experiences to their customers and provide them with more customized products. In addition, retail stores will be able to use these new technologies to improve their operations and become more efficient.
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