2020 is the beginning of a new decade, and it also means new hope for retailers.
Use technology to drive profitability
In 2020, retailers will use back-end tools to complete some key business, such as inventory and customer data management.
Reasonable inventory is crucial for the retailer. These technologies will act as supporters of "behind the scenes" to ensure that stores have the right amount of goods at the right time. At the same time, Retailers can free themselves to do what they are good at, such as communicating with customers.
Payment flexibility
Flexibility is still a keyword in the payment field in 2020. Although cash and credit cards have not disappeared, consumers will continue to look for convenient and flexible payment methods, especially for Millennials. Payment online will rapidly develop to offline stores in 2020. For example, 290,0000+customers in Australia and New Zealand use Afterpay. Millennials have the highest support rate for this payment method, reaching 40.6%; This system allows consumers to choose to pay within a period of time, which also means they can choose to buy more products.
The integration of online and offline
Mature retail mode means the integration of online and offline, and offline can make up for the shortcomings of online. Consumers have become more and more accustomed to online shopping, but they are unable to actually touch the goods and greatly affect the shopping experience. In the future, offline stores may be used as a place for consumers to experience. In physical stores, you can try products in advance to experience them. In the event of product problems, retailers can also provide after-sales service. Of course, specific new retail is still being explored and developed, but the arrival of new retail is beneficial to retailers and consumers.
With the rapid development of society, FashionTIY is also making continuous progress.
After years of development, FashionTIY has become more than just an online wholesale market, we are committed to becoming a wholesale central procurement expert around you.
Currently, FashionTIY has excellent cooperative factories in 100+ cities around the world, we do not produce any products, we just gather together excellent products for you. There are currently 100,000+ products for you to choose. You can wholesale clothing, jewelry, accessories, beauty, bags, weddings & parties, household products, pet products, DIY and toy, etc at 70% cheap and LOW MOQ.
The above is FashionTIY's insight into the future development trend of the retail industry. FashionTIY will always be an ideal and trustworthy wholesale distributors for all boutique owners and retailers.
