Over the course of the last months, digital shopping behaviors have accelerated at breakneck speed. According to data from Finaria, the Covid-19 pandemic has helped increase the number of eCommerce users across the globe by 9.5% year-on-year. As a result, online shoppers now exceed 3.4 billion, and they’re expected to reach 4.9 billion by 2025, according to Finaria forecasts. While this increase in traffic offers new opportunities for your online retail business, it also presents new challenges. According to the latest report by Shopify, eCommerce competition has reached record levels – fueled by legacy wholesalers, global retail giants, and product categories not traditionally purchased online. This is driving up customer acquisition costs. Customers have higher expectations than ever too, and seemingly little patience for retailers that fail to deliver. According to ZK Research, last year two-thirds of millennials admitted changing loyalties to a brand because of a single bad e
https://www.tridentinfo.com/8-ways-ls-central-will-support-your-online-retail-business/
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