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Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. Inflation, another hurdle on the retail landscape, prompted a shift in focus towards long-term business growth.

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The Quietly Growing Conundrum of Online Returns

Logistics Viewpoints

The continued growth in e-commerce retail sales has been largely driven by factors such as convenience, product selection and lower prices. As online shopping continues to grow – retail e-commerce sales are expected to make up nearly a quarter of total retail sales worldwide by 2026 – returns will become more prevalent.

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Retail Apocalypse Predicted to Continue

Enterra Insights

Over the past several years, thousands of brick-and-mortar retail stores have closed in what has been called the Retail Apocalypse. “As a result,” Wigglesworth wrote, “many big retailers are shuttering stores across the US.” ” The future of the retail apocalypse. . in the previous four.”[2]

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A 2024 Outlook into the Future of Retail Promotions

Cognira

A 2024 Outlook into the Future of Retail Promotions February 12, 2024 Promotions Home As we step into 2024, the retail landscape is undergoing significant transformations, with technology, data, and customer expectations playing pivotal roles. This year marks a turning point where sustainability takes a prominent role in the C-suite.

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Consumers Are in Charge of the Digital Path to Purchase

Enterra Insights

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

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Philippines Retail Market 2022-2026

Vinculum

The retail market in the Philippines is at its pinnacle to attract a large crowd in terms of sales. bn from 2022-2026 at a CAGR of around 11.68%. Below is mentioned how the retail market in the Philippines is segmented in terms of products and distribution channel-wise. Retail market industry analysis. Fast Retailing Co.

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The 2022 Chlorine Shortage: Another Year of Poolmageddon

ToolsGroup

between 2021 and 2026.The How Retailers are Responding to the Swimming Pool Chlorine Shortage. While distributors, retailers, and customers alike all have to face the chlorine shortage, businesses can provide coping methods for customers who can’t get their hands on the chlorine tablets they need. The result?