Page 6 - The Ultilmate Guide to Retail in 2023
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2. Key trends in
retail for 2023
and beyond that
are here to stay
The retail sector is constantly evolving. Trends may come
and go but beyond the buzzwords, there are long-term
shifts that are not just disrupting eCommerce today - but
are set to persist well into the future.
Most notably, the dominance of online shopping is not
going anywhere. Nearly 80% of consumers shop online
at least once a month. Globally, the eCommerce market,
which is valued at $3.3 trillion today is predicted to reach
$5.4 trillion in 2026. But even if the growth of online
shopping is clear, this isn’t always true of its associated
terminology.
We’ve provided some straightforward definitions below:
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