Three Challenges Plaguing Today’s Retail Industry
The U.S. retail industry has seen unprecedented growth in the last two years, fueled by a pandemic that forced consumers to embrace online shopping and then return to brick-and-mortar stores once a vaccine was available. According to the U.S. Department of Commerce, 2020 saw a huge increase in sales versus the previous two years: 2018 - $3.635 trillion in total sales ($520 billion in eCommerce)2019 - $3.780 trillion in total sales ($598 billion in eCommerce)2020 - $4.040 trillion in total sales...