Tag Archives: retailindustry

Retail is shifting from ‘ Brick to Click’

Retail Store Lidl reveals expansion plans for 2021 in the US

Working from home and avoiding nonessential travel are some of the precautions being taken to prevent the spread of coronavirus (COVID-19). As such, it is to be expected that gasoline stations are experiencing a decrease in sales. It is projected that revenue from travel and tourism will fall compared to 2019, with airlines, cruise lines, and rental cars already encountering a drop in year-over-year travel sales. 

The economic impacts of COVID-19? 

Influencing more than just the travel and transportation industries, the coronavirus (COVID-19) is forecast to have many social and economic impacts. Many people would be less likely to go to social spaces and events if the virus were to spread to their community. Most people expect the stock market drop that resulted from the onset of the COVID-19 pandemic to have a lasting impact on the U.S. economy, and a growing percentage of people fear the outbreak will personally impact them financially

Everything on Apps now

The pandemic has accelerated the shift to e-commerce — or “from bricks to clicks” — by about five years, according to data from IBM’s U.S. Retail Index. The numbers show department store sales plunged 75% in the second quarter, though that’s expected to improve slightly for the year to a 60% drop. Meantime, e-commerce is projected to grow by nearly 20% in 2020, and Target, Walmart and Amazon have already capitalized on the shift. The numbers also show a shift in spending priorities, with clothing diminishing while groceries, alcohol and home improvement spending increase.

Microsoft surpass in customer & Retail meetup with AI

With emerging intelligence technology on its way joining Retail industry with advance feature Microsoft revealed unicorn capabilities in AI region integrated in dynamic retail industry like never before. They new app will go one step forward in the race of Omni retail channel and will visualize warehouse, supply chain and operations in a different mode that will help customers get going during shopping experience. This would be phenomenal addition in this dynamic industry.

Dynamics 365 revealed its two new app taking Retail to advance customer oriented shopping with AI

  • Advance AI utilization
  • Promises better retail experience
  • No more ques on check outs
  • No out of stock inventory

Connected store will predict potential threats at inventory, store equipment and check out transition should be hassle free. Not only day to day activity it will reflect seasonal trends of consumer and will help steam lining operations and inventory simultaneously

The two new applications, Dynamics 365 Commerce and Dynamics 365 Connected Store, are focused on improving the efficiency of stores and maintaining the customer experience between the web, mobile, and physical stores.