It’s no surprise that shopping in 2014 is drastically different than it was 20 years ago, or even five years ago with the continuously evolving nature of modern day technology. Smartphones and tablets have made it easier for shoppers to find information about products on the go and transact within seconds. Many retail businesses have realized the lucrative potential of opening an ecommerce store, or in some cases, completely abandon the brick and mortar model and move operations online. Recent research predicts that global ecommerce sales should reach over $1.3 trillion by 2016, representing a significant chunk of business that will be conducted online.
The online environment and ecommerce sites confer upon shoppers plenty of advantages that cannot be found in stores, such as:
Online retailer Gift-Library.com recently prepared an infographic detailing the current trends in the retail landscape and predicts how ecommerce sales will rise in the future. The main question is: how will your business leverage the growing trend of online & mobile shopping?
Infographic Source: Digital Information World