Is online shopping really taking over?

| January 6, 2020

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Despite all the enthusiasm around online shopping, data suggests Canadians still overwhelmingly prefer purchasing in-store. The National is CBC Television's flagship news program. Airing six days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

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Glossier, Inc.

Glossier, Inc. is a direct-to-consumer beauty company that leverages content and community to power a superior shopping experience. Our skincare, makeup, body, and fragrance products are sold in the United States, Canada, and the United Kingdom directly through www.glossier.com and in our New York City showroom. Glossier, Inc. was founded in 2014 by Founder & CEO Emily Weiss, has over 150 employees across three countries, and $86M in total venture capital funding.

OTHER ARTICLES

3 Retail Stocks to Sell Before Their Shares Fall Further

Article | March 10, 2020

With retail stocks hammered in the coronavirus-driven market selloff, should you buy the dip? Some retailers, like Costco, may see upside from the panic. But, there are scores of retailers who could see diminished profits in the near term. Why? Supply shocks, for one. Also, if this crisis causes a recession, expect to see decreased consumer spending. The brick-and-mortar retail sector is already feeling a squeeze thanks to Amazon (NASDAQ:AMZN). In other words, the “retail apocalypse.” This may be a more material factor for smaller, niche retailers. However, even major retailers struggle to stay relevant in the face of e-commerce growth.

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Traffic to US retail stores has almost entirely vanished due to Covid-19

Article | March 10, 2020

At many malls and retail stores around the US, foot traffic has been in decline for some time. Even so, they’ve never seen anything like this. In a research note sent to clients today, investment firm Cowen and Company estimated total foot traffic to US retailers was down 97.6% for the week through March 27 compared to the same time last year. It has come to a “near complete halt,” Cowen said, following the outbreak of the new coronavirus. Many stores across the country are closed, of course, so shoppers couldn’t visit even if they wanted. Retailers have voluntarily shuttered stores to protect workers and help slow the virus’s spread. Simon Property Group, the largest mall owner in the US, closed its malls through at least the end of March.

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what impact will it have on convenience stores?

Article | March 10, 2020

The Internet of Things (IoT) is not an elegant phrase, but for independent retailers, it is an important one. It refers the way in which computing devices embedded in everyday objects can communicate with each other. In shops, this could mean anything from shelf-edge labels to fridges, to vending machines to security cameras. For cameras, the IoT provides the connections necessary to record, analyse and identify known thieves who might enter your shop. Nick Fisher, chief executive of Facewatch, has high hopes the system could help his company become a major benefit to retailers of all sizes. He says: “Convenience stores are a significant market for us. They have high footfall, a problem with theft and there are not enough police to help stop it.”

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3 Ways Location Technology is Changing Retail

Article | March 10, 2020

Changes fire rapidly in today’s retail environment, and legacy retailers like J.C. Penney, Walmart and others are seeking innovative new ways to capture shopper attention. While e-commerce gains raise concerns that in-store experiences are obsolete, traditional retailers continually strike back and, ultimately, online sales make up only 10 percent of all retail sales. However, traditional retailers should take heed: online shopping illustrates innovative experiences that capture consumer attention and provide inspiration in stores. Today, e-commerce platforms allow retailers to personalize shopping experiences, uncover data behind every decision, and move customers efficiently through the purchase path. While stores have struggled to do the same, location technology has helped make up the difference.

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Spotlight

Glossier, Inc.

Glossier, Inc. is a direct-to-consumer beauty company that leverages content and community to power a superior shopping experience. Our skincare, makeup, body, and fragrance products are sold in the United States, Canada, and the United Kingdom directly through www.glossier.com and in our New York City showroom. Glossier, Inc. was founded in 2014 by Founder & CEO Emily Weiss, has over 150 employees across three countries, and $86M in total venture capital funding.

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