As 2017 is quickly approaching, it’s important for retailers to look at the trends that will take shape in the New Year. Check out just a few of the hot trends you can expect to continue to grow in 2017.
Online spending is skyrocketing
While in-store spending remains steady, most retail growth is coming from online sales. We’ve seen huge online shopping days this year, with Cyber Monday hitting its biggest spending day at $3.45 billion.
Social commerce will become bigger
With Facebook, Instagram, and Pinterest all offering mobile shopping options, shoppers are able to interact with their brands on social AND buy directly from their posts.
The Prime Effect
Amazon Prime is creating higher expectations on quick payment options and faster shipping. Shoppers will expect retailers to give them the same experience they have with Amazon.