How to save on your clothing, accessories and more with online shopping, ecommerce flexibility
By now, we know that the fashion industry has struggled in recent years due to a number of factors, including a reduction in spending by consumers and an increase in online shopping.
That has made the industry susceptible to the phenomenon known as ecommerce Flexibility, which allows shoppers to pay a premium for products and services online while still receiving the same value for their dollars.
With more than 1.2 billion items on the internet, this trend is a boon to online retailers and online shopping platforms, which have been able to make the transition from traditional to ecommerce.
According to research firm eMarketer, online shopping in 2018 was valued at $9.9 trillion.
And, with ecommerce flexibilities in place, consumers are able to purchase more items in a given period of time.
However, that flexibility doesn’t mean that shoppers will always be able to shop online.
For example, when a shopper opts to buy an item from a platform such as Amazon or Target, the price will be lower than the full retail price of that item.
However and without ecommerce capabilities, these retailers would have to take the same product to the local store and pay a markup.
While some online retailers, such as Wal-Mart, are now offering a discount, others such as Nordstrom are offering no discount at all.
While it may seem like a simple, simple change, the benefits for retailers are huge.
According the research firm, eCommerce Flexibilities have been linked to an increase of 1.4 million jobs, with retailers seeing a 15 percent increase in sales.
With the rise of ecommerce, retailers are increasingly looking to bring back traditional retail channels, including the brick and mortar store.
According a recent report from The Economist, more than half of the retail industry’s retail employees now work in online retailers.
In 2018, Walmart announced that it would be moving its retail operations from the U.S. to a new online fulfillment center in India, in a move to create a more automated environment and better align with Amazon’s Prime Now service.
The move comes just a month after Walmart’s former chief financial officer, Kevin Johnson, announced that the company would be taking the same steps to streamline its online operations.
The move, according to Johnson, will help to cut costs, eliminate redundancies and help Walmart meet the growing demand for its Prime Now services.
Walmart will be the largest U.N. retailer by revenue in 2020.
It has already expanded its retail network in India and plans to open additional stores in the country.