Online Retail Penetration Remains Low for Grocery, While Consumer Electronics is Set to See 50% of all Sales from Online Channels in Coming Years
Retail stores and employee numbers look set to decrease across most segments as retailers introduce new store technologies and invest in alternative fulfillment methods.
- Retail stores and employee numbers look set to decrease across most segments as retailers introduce new store technologies and invest in alternative fulfillment methods.
- According to global technology intelligence firm ABI Research, retail stores will fall at a CAGR of -1.8% and -0.9% in North America and Europe, respectively.
- For example, online retail has surpassed 30% of all sales in the UK, while Italy sits much lower at just over 11%.
- Food and grocery hold a relatively low online sales penetration rate across all countries assessed, ranging from 3-13%.