RetailDisruptive innovationPurpose Contactless shopping concepts meet the needs of those consumers who want to minimise social interactions, especially due to COVID-19; they also offer added value by combining the advantages of traditional shopping with digital features that stem from online shopping. ...
While cash flow and profits have stalled for many retailers and brands this year, due to COVID-19, a flurry of acquisitions has not yet materialized. Still, industry experts say it is a “sellers’ market.” Andrew D. Postal, managing partner at MMG Advisors, an investment bank focused on...
Before COVID-19, theconvenience trendwas being rewritten by players outside of the industry, putting pressure on the retail industry to adjust to reshaping consumer expectations. As the crisis hit, retailers have had to rapidly roll out conveniences such as buy online, pick up in-store (BOPIS)...
This study aims to analyze the impact of the COVID-19 pandemic on retail consumer behavior. This study uses quantitative methods with secondary data sources obtained from several countries including the United States, England, Germany, France, Canada and Latin America. The results show that the ...
The coronavirus pandemic has led to the closure of borders, limited travel and kept families apart across the world. It’s also created a unique problem for the surrogacy industry, leaving foreign parents unable to unite with their newborn babies. One facility in Southern California ...
With the rise of covid and lockdowns being put in place, the grocery industry is facing many challenges, some of them majorly being: Increasing competition in the online grocery retail space Safety concerns regarding the contactless concept ...
The impact of the COVID-19 pandemic on China's economic development is only temporary, said Zhang Ning, a senior China economist at UBS. Zhang also affirmed China's current policy has helped the country to become the first major economy to emerge from the impact of C...
COVID-19 has had a dramatic impact on the global retail business. China took the first hit, seeing $328 billion consumer goods sales ebb away in Q1 2020. Chinese consumers, including those in older generations, have further embraced eCommerce. While retailers and brands moved business and cust...
Impact of Covid-19 on online shopping behavior For two long years, the world shut down. Covid-19 and the ensuing lockdowns and stay-at-home orders meant shops closed their doors and consumers stayed at home. Naturally, home delivery e-commerce services exploded in ...
CHICAGO, Feb. 13 (Xinhua) -- The effect of the disease caused by the novel coronavirus, known as COVID-19, on the Chinese economy will be limited, said Khairy Tourk, a professor of economics with the Stuart School of Business of the Illinois Institute of Technology in Chicago. ...