Digital transformation, omnichannel retailing, and personalization are key to survival for conventional retailers.
ATLANTA, GA. October 25, 2023 /PRNewswire/ — Nexcess, the premium internet hosting supplier optimized for WordPress, WooCommerce, and Magento, launched a report in the present day on financial shifts and their impression on the dwindling conventional commerce sector.
The report uncovers the explanations behind stunted conventional commerce development, methods for future-proofing by means of digital transformation, and the steps brick-and-mortar retailers can take to outlive.
Learn the report: The Fall of Conventional Commerce
Brick-and-mortar companies have confronted a troublesome few years. Technological improvements, the pandemic, and altering habits of customers have all contributed to the slowed development of the standard commerce sector.
In the meantime, ecommerce gross sales have grown quickly: ecommerce gross sales grew 7.7 % in contrast with a 0.5 % improve for general retail gross sales from Q2 2022 to Q2 2023.
Brick-and-mortar retailers aren’t as nimble and scalable as fully-online counterparts, and it’s hurting enterprise.
In truth, Chapter 11 chapter numbers jumped 68 % within the first half of 2023.
As on-line purchases proceed to develop and general retail gross sales stay largely stagnant, it poses a problem to the standard commerce sector.
Nonetheless, there are steps brick-and-mortar retailers can take to remain aggressive and meet the evolving wants of customers.
Retailers are studying that choices akin to curbside pickup can entice prospects. In truth, this providing has grown 66 % year-over-year.
“It’s intriguing to see how shopper habits continues to evolve, and quicker than ever earlier than,” says Reid Peifer, VP of Artistic at Liquid Internet.
“At Nexcess, our mission is to assist companies who need to earn money on-line and we’re hoping that our report empowers brick and mortar enterprise house owners to embrace digital transformation and hold tempo with shopper expectations. We’re all about transformation, and we delight ourselves on serving to organizations of all sizes begin, handle, and broaden their on-line companies — one thing we’ve carried out for 23 years.”
With an array of choices spanning enterprise degree to SMBs to starter markets, Nexcess helps websites and shops all over the world with totally managed internet hosting for WordPress, WooCommerce, Magento, and extra.
For extra on the evolving commerce panorama and to discover ways to digitally remodel what you are promoting, learn the complete report: The Fall of Conventional Commerce.
To study extra about best-in-class internet hosting, go to Nexcess.internet.