It is also not enough to merely show an e-commerce presence; consumers expect and demand the best for the least. Our analysis highlights which retailers continue to make strides forward and which are falling behind.
Great Neck, NY (PRWEB) October 26, 2016
Industry-leading retail financial and commercial development consulting firm Information Clearinghouse, Inc. (ICI), through its F&D Reports and Creditntell divisions, has released its new special analysis titled, “U.S. Retail Sector: The Rise of Omnichannel Strategies,” which examines the hottest trend in retail and how it is transforming the way retailers do business. The report includes a broad survey of the major players within various retail sectors and how these players remain competitive by integrating e-commerce and maintaining multi-platform engagement with customers.
2015 was the sixth consecutive year that U.S. e-commerce sales experienced double-digit annual growth, substantially outpacing the uptick in brick-and-mortar sales. The mainstreaming of the internet and smart devices has positioned e-commerce as a pivotal component in the future of retailing. The growing demand for price, selection and speed has led to the rise of the “omnichannel” retailer, where stores serve as a key part of supply chain management. Additionally, with Amazon growing at a faster pace than overall e-commerce sales, and consumers consistently assessing price and convenience, the stakes are high, forcing retailers to ramp up e-commerce initiatives and, specifically, omnichannel capabilities.
This report serves as an introduction to the current landscape of omnichannel initiatives across multiple retail sectors — including retail food, mass merchandise, restaurant and casual dining, drug store, department store and electronics — and will act as a foundation for ICI’s forthcoming seven-part series on specific trends within each sector’s omnichannel development.
Commenting on the Omnichannel Analysis, CEO Lawrence Sarf stated, “In football, if offensively you become one-dimensional, your opponent’s defense can key in on your only strength and shut you down. The same holds true in retail today. Those that are one-dimensional in their customer sales platform are destined to be shredded by the competition. It is also not enough to merely show an e-commerce presence; consumers expect and demand the best for the least. Our analysis highlights which retailers continue to make strides forward and which are falling behind.”
Information Clearinghouse, Inc. (publisher of F&D Reports & Creditntell) is a leading credit consulting firm specializing in the analysis of public and private companies in numerous retail segments. The focus of its analysis is to deliver the key intelligence today’s busy credit executive needs to make a highly informed decision without sifting through pages of non-essential data. To learn more, visit our websites at http://www.fdreports.com and http://www.creditntell.com.