As consumer habits and demand evolve?, note the Global Consumer Discretionary team, ?online retail sales should continue growing at a rate faster than traditional store-based retailing? global online retail sales are forecasted to grow at a ~15% CAGR, resulting in ~10% sales penetration by 2020? forcing traditional retailers to innovate and evolve or be left behind.
The top 3 strategies retailers are using to win in an online world are: 1) leveraging the store footprint; 2) enhancing distribution centers and the supply chain; & 3) offering competitive shipping solutions? based on the number of companies pursuing these strategies, there is general progress being made; the majority of retailers view this as a priority, with some retailers further along than others?.
