Question
The Pandemic Was Supposed to Push All Shopping Online describes two very different trends in distribution. One trend manifests itself through the increasing number of
The Pandemic Was Supposed to Push All Shopping Online describes two very different trends in distribution. One trend manifests itself through the increasing number of product categories being sold online. Retailers invested heavily in their online operations as of recently. Consumers, especially younger consumers, continue being interested in online shopping. The other trend is observed when statistics tell us about significant declines in online revenues while in-store sales grow for the same chains in the post-pandemic world. For instance, the article tells us that Dicks Sporting Goods online sales fell by 11% while its in-store annual revenues increased by 14% as of Apr. 2022. Please do the following:
3A) Run a quick Google search and find out for yourself (other than an occasional comment or two in my lecture I intentionally do not want to provide this information to you) the answers to the following questions: (1) what percentage of sales volume in the United States is generated online versus in store as of recently (look for the recent data: the data from the 2019 - 2022 is recent enough)? (2) which type of retail (online or in physical stores) is growing faster?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started