Shopify Report Future of Retail. Stores hit hard. Start selling online to make up 94% lost POS sales. This trend will continue.

The Future of Retail in 2021

Shopify released what they think about the Future of Retail in 2021. Will Retail be a 👻 or a 🚀? Major takeaways…

  • 2020 hit brick and mortar stores SUPER hard and more people are buying online. No surprise there!
  • Retail stores are pivoting to selling online really quickly. And if you aren’t, you NEED to. Stores that have made the switch made up on average 94% of lost POS sales.
  • The forecast for 2021 is that more people will continue buying online vs in a store and you need to embrace this change because it’s not going away.

I think Retail will be a 👻 and retailers really do need to embrace change and focus on building their ecommerce stores (if they haven’t already).

#ecommerce #retail #retailers #marketing #shopifystore

Read the full report: The Future of Retail in 2021 | Shopify  https://www.shopify.com/pos/future-of-retail-2021