Description
The retail industry is one of the most dynamically transforming and aggressively expanding industries across the globe. While it is influenced by a number of socio-economic factors at play across different regional markets, some of the key forces that drives it remain the growth in population, financial conditions of the population the industry targets, and the spending power and habits of the consumer. An increased shift of the global population from the conventional brick-and-mortar retail outlets to e-retail websites is one of the most important and influential trends in the retail industry in the present scenario. A vast rise in the number of consumers using smartphones and other digital mediums to access internet and its ever-expanding network, are expected to continue to drive the expanse of the e-retail sector in the next few years, bringing in massive transformations in the way the retail sector operates.