Retail CIO Outlook Weekly Brief
Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Retail CIO Outlook
Thanksgiving and Black Friday can be marked as one of the busiest shopping days. The business holders and stores prepare themselves for this fruitful time. But, some statistics are posing a menace to the business world. According to a CBS News Poll, 42 percent of Americans said that they were planning to shop, but 50 percent said they were afraid of the shopping season. Previously, a report of the National Retail Federation showed that 30 percent of the annual sale takes place during this time. But RetailNext highlighted a fall in footfall between five and nine percent in 2018. In 2017, the rate of footfall was four percent lower than in 2016. In 2018, the East, South East, and East Midlands witnessed the highest footfall. So, the market is witnessing gradual scarcity of enthusiasm to shop during this period. The reasons for this continuous slip have to be addressed seriously to keep the smooth running of the market on.
Check this out: ARTIFICIAL INTELLIGENCE SOLUTION PROVIDERS (Enhanced Retail Solutions, Snap2Insight, Sentient Technologies)
AI is facilitating a drastic change in the regular way of life. But, Pew Research is pointing toward a shocking statistics. It stated that almost 70 percent of the Americans are wary of AI. A large number of British people want to get warned when they are dealing with AI. Some of the British people think about the introduction of rights for robots.
Online fashion sale also went through interesting stats in 2018. Previously, Pew Research Center pointed out that almost half of the Americans preferred to shop online. In 2018, UK became the top online fashion item buyer in Europe. As per Xeim, it is going to reach $765 billion by 2022. It will be followed by Germany and France with a predicted growth rate of 13.1 percent and 12.1 percent.
In 2018, the travel sector also confronted with important changes. The maximum number of British travel agencies think that they never deal with the same customer twice. People think hidden costs are real problems for them. The travel makers have to pay attention to solve this issue for their further growth. Enterprises have to address these stats properly to get rid of the problems that the market faced in 2018.
Check Out: Enterprise Technology Review
Read Also
