Will consumer shopping experience shift to online post COVID-19?
Consumers have moved away from brick and mortar shops to buying from online stores that deliver the products at their doorsteps.
The trend of group shopping, store crowding during ‘Loot Sales’, and ‘Black Friday Sales’ will soon see a decline.
The fashion industry, which once thrived on consumers hoarding the products, might see the buyer rethinking every purchase in the future.
The trend of splurging money on luxury fashion and expensive couture is likely to see an overturn, as consumers experience a cash crunch.
With consumers moving towards digital platforms in a big way due to the pandemic, it is necessary for businesses enter the online space.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
The number of real estate tech deals worldwide has increased consistently each year, amounting to 454 deals as of 2018.
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