In: Economics
The retail sector is changing dramatically to the point that many retailers will not survive the changes. These changes are being driven by e-commerce as well as large box stores, fast-fashion, etc. Think about how you shop for certain items and discuss how your own shopping experience has changed over time or is contributing the change in the retail landscape.
Retailing - Contain of the final activities and steps required to place merchandise made elsewhere into the hands of the consumer or to provide services to the consumer.
The Internet has completely changed the face of retail, empowering consumers with big amounts of information to make buying decisions and creating a platform for consumers to give response to retailers and brands on the quality of their products and services.
The increase
of the internet and the expansion of mobile devices has changed the method shoppers purchase, and present leading-edge retailers are improving their shopping experiences to match with much different consumer values and beliefs.
From the fashion of subscription boxes to the increaseof quality packaging and the conscious consumer, our shopping habits have changed quite considerably over the years. Today, everything and anything can be buy on-the-go and our shopping demands can be fulfilled with just a click.
As well as the increase of digital buyers, there are now also more aware and eco-aware buyers in today’s shopping world. A alert consumer is someone who regards the social, ecological, environmental and political impact of products and makes positive decisions regarding a purchase. This is one of the numerous methods in which shopping habits have changed over the last few years.