The future of retail in the US: industry trends and market trends

24 Feb 2020

Retail sales volume was higher in 2019 than ever before — and it will only continue trending upward as the entire experience becomes more streamlined and frictionless for customers. However, the face of the industry is changing rapidly; Business Insider Intelligence recently reported that in 2019 ecommerce sales surpassed 10% of total retail sales for the first time ever.

The growing online trend impacts both e-tailers and brick-and-mortar sellers. Because merchants must embrace ecommerce to boost their own growth, the roles of solutions providers like BigCommerce and Shopify, as well as marketplaces like Amazon, could expand further in the coming years, due to their ability to help merchants without the resources to develop their own ecommerce platforms to begin selling online.

Click here to read full article.

More Topics

The network is an entrepreneur’s best asset

Feb 24 2020

Entrepreneurs have a lot to think about when building a business, and one of the most important may be strengthening and tapping their networks. More than 20 years of academic research has tied business networking to entrepreneurial success, demonstrating that networking is an important way to validate opportunities, connect to...

A Formula for Growth After the Start-Up Stage

Feb 20 2020

Much attention is paid to how entrepreneurs create an innovative product or service and bring it to market, pivoting quickly to solve financial and logistical challenges along the way. But after the start-up buzz wears off, owners must figure out how to scale their businesses for long-term, stable growth...

American business world optimistic about $100B trade target with Turkey