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30/11/2021

The future of shopping centers

The future of retail real estate is as robust as the industry’s imagination and its ability to connect buyers to their individual and collective values and aspirations.

This exclusive analysis by Kearney examines the future of retail real estate and what the industry will look like in 2030.

Our study suggests the industry can have a robust future provided it evolves and successfully harnesses three change drivers: the human element, technology, and commercial considerations.

29/11/2021

Factors Influencing Online Shopping Behavior: The Mediating Role of Purchase Intention

Internet shopping is a phenomena that is growing rapidly nowadays. A peep into the exponential growth of the main players in this industry indicates there is still a large reservoir of market potential for e-commerce. The conveniency of online shopping rendering it an emerging trend among consumers, especially the Gen Y. The prevalence of online shopping has raised the interest of the retailers to focus on this area. Therefore, this study was to determine the relationship between subjective norm, perceived usefulness and online shopping behavior while mediated by purchase intention. University students aged between 18 and 34 that currently pursuing their studies in University Malaysia Perlis were selected as the subject of analysis. 662 out of 800 sets of questionnaires distributed were valid for coding, analyzing and testing the hypothesis. Collected data were then analyzed using SPSS version 18.0 and AMOS version 16.0. Structural Equation Modeling to examine the model fits and hypothesis testing. The conclusion can be depicted that subjective norm and perceived usefulness significant positively influence online purchase intention but subjective norm insignificant influence shopping behavior in a negative way. It is interesting to note that perceived usefulness also insignificantly influence online shopping behavior. Finding also revealed that purchase intention significant positively influence online shopping behavior. For future research, sample from working adults and other variables that related to online shopping were to be included to minimise sampling bias.

28/11/2021

Shopping Online: Convenience, Bargains, and a Few Scams

Online buying and selling have become important parts of many people's lives. Virtual stores allow people to shop from the comfort of their homes without the pressure of a salesperson. Online marketplaces provide a new and more convenient venue for exchanging virtually all types of goods and services.

Both businesses and customers have embraced online sales as a cheaper and more convenient way to shop. Still, just like anything associated with the Internet, there are benefits and dangers associated with shopping online. Read on to learn how to protect yourself while you use this handy resource.

27/11/2021

The curious origins of online shopping

Online shopping is now ingrained in our day to day, but snapping up whatever you want with the click of a mouse wasn't always so commonplace.

ow many times have you clicked ‘check-out’ to buy something in the last few months? If the spike in online sales amid Covid-19 is any indicator (or, perhaps, the list of merchants on your last credit card statement), it’s probably a lot.

26/11/2021

The Pros and Cons of Online Shopping

Online shopping is more popular today than ever before. A report from the U.S. Census Bureau found that in the second quarter of 2021, an estimated $222.5 billion was spent in retail e-commerce sales.1 In 2011, for comparison, the estimated total for retail e-commerce sales was $47.5 billion.2

Due in part to new and growing technology, online shopping has become incredibly easy and convenient. It also offers a greater selection than one storefront, opening the doors to products and services that may not be available at a nearby brick-and-mortar store.

While online shopping comes with a number of benefits, there are drawbacks to know about, too. Let’s dive deeper into the pros and cons of shopping online.

25/11/2021

Shopping

Shopping is an activity in which a customer browses the available goods or services presented by one or more retailers with the potential intent to purchase a suitable selection of them. A typology of shopper types has been developed by scholars which identifies one group of shoppers as recreational shoppers,[1] that is, those who enjoy shopping and view it as a leisure activity.[2]

Online shopping has become a major disruptor in the retail industry[3] as consumers can now search for product information and place product orders across different regions. Online retailers deliver their products directly to the consumers' home, offices or wherever they want. The B2C (business to consumer) process has made it easy for consumers to select any product online from a retailer's website and to have it delivered relatively quickly. Using online shopping methods, consumers do not need to consume energy by physically visiting physical stores. This way they save time and the cost of travelling. A retailer or a shop is a business that presents a selection of goods and offers to trade or sell them to customers for money or other goods.

Shoppers' shopping experiences may vary. They are based on a variety of factors including how the customer is treated, convenience, the type of goods being purchased, and mood.[4]

24/11/2021

The Future of Shopping

It’s a snowy Saturday in Chicago, but Amy, age 28, needs resort wear for a Caribbean vacation. Five years ago, in 2011, she would have headed straight for the mall. Today she starts shopping from her couch by launching a videoconference with her personal concierge at Danella, the retailer where she bought two outfits the previous month. The concierge recommends several items, superimposing photos of them onto Amy’s avatar. Amy rejects a couple of items immediately, toggles to another browser tab to research customer reviews and prices, finds better deals on several items at another retailer, and orders them. She buys one item from Danella online and then drives to the Danella store near her for the in-stock items she wants to try on.

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