Tweave.Tech

💡Did You Know?

According to a study by the U.S. Census Bureau, brick-and-mortar sales accounted for 86.6% of retail sales in the first quarter of 2023.📈🛍️

1️⃣ 'Retailtainment' is becoming a big thing. Brick-and-mortar stores focus more on providing their customers with an 'experience’, hosting events, offering classes, and creating Instagrammable moments. 🎭🎨

2️⃣ Tech is not just for e-commerce! According to a survey by Zebra Technologies, 75% of retailers plan to invest in Internet of Things (IoT) technologies to enhance the customer experience.🤖💼

3️⃣ Studies suggest that physical stores still play a major role in major purchasing decisions. A First Insight Report found that 71% of all shoppers surveyed spent $50 or more when shopping in physical stores.🛒💲

4️⃣ Contrary to popular belief, younger generations are not abandoning physical retail. According to a Coldwell Banker Commercial Affiliates study, 70% of Gen-Z shoppers prefer to shop in brick-and-mortar stores.👥🎯

5️⃣ The future of retail is 'Phygital'. A blend of digital and physical shopping experiences is taking centre stage as retailers seek to engage customers through multiple channels. According to the National Retail Federation, nearly all (98%) Gen Z still shop in-store.🏪🌐

6️⃣ The design and layout of a store can greatly impact customer behaviour. Studies show that most people turn right when entering a store, which is why retailers often put high-profit items in those areas. 🗺️🔍

7️⃣ Brick-and-mortar stores are becoming smarter. With technology like Augmented Reality (AR), Virtual Reality (VR), and AI-powered recommendation engines, the physical retail experience is becoming more personalised and immersive. 🕶️🔮

Brick-and-mortar retail stores continue to be a vibrant part of our commerce ecosystem, adapting and innovating in fascinating ways. Let's celebrate and shape the future of retail together!🏬🚀