Trax retail pricing1/17/2024 ![]() ![]() Making products and services available to consumers anytime, anywhere is key. Whether online or in-store, convenience drives sales. Their preference for convenience and flexibility requires businesses to explore options like: social shopping buy online, pick-up in store delivery lockers and similar alternatives. The binary choice between physical stores and e-commerce is no longer enough for consumers. Dynamic business models are the new norm.To stay relevant, stores can moonlight as fulfillment centers, or be part of omnichannel experiences like showrooming. For profitability, brands must focus on making ad spend more efficient - and technology can do exactly that.īrick-and-mortar stores are getting smaller and offering new services as part of the e-commerce value chain. The growth in competition has led businesses to spend more on advertising, often outpacing sales. Retailers need to provide customized experiences to get noticed amid the noise. With smaller businesses now able to enter the market more easily, brand loyalty is less important to consumers than the shopping and channel experience. Here are the trends, and their impact on businesses. The report also reveals the technology that can keep businesses from falling behind, including Trax’s industry-leading tools. ![]() In the Future of Retail-Tech: Emerging Landscape in Israel 2020 report, Deloitte Digital and Deloitte Catalyst set out to uncover the state of retail and discovered eight consumer trends - including one that has emerged as a result of the pandemic. The future of retail is driven by technology These included, which was acquired by Trax to address important merchandising needs in any physical store at any time. In fact, Israeli companies were targeted in 11 out of the 20 retail-tech mergers and acquisitions in the past two years. Businesses must rapidly adjust to these new consumer preferences - and the right retail-tech solution can help.Ĭontributing a substantial amount to these solutions, Israeli companies made up 12% of the global investment in retail-tech, with US$791m invested in the sector in 2019. With COVID-19 imposing movement restrictions around the world, these behaviors have only accelerated. The convenience and personalization offered by online shopping has driven consumers to steadily shift to digital. The Future of Retail-Tech: Emerging Landscape in Israel report from Deloitte discusses eight of them and how retailers and manufacturers can use technology to be future-ready. COVID-19 has accelerated many recent consumer trends. ![]()
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