Expansion, mobile commerce to be big for retailers in 2013
Retailers are increasingly looking to expand their operations, and it seems as though 2013 may just be the year this happens for many companies. By opening up new brick-and-mortar locations, as well as offering ecommerce solutions for consumers, businesses can see success this year.
The Sun Sentinel reports that retail industry experts believe that many retailers will be expanding to new locations in 2013, as confidence levels for both businesses and consumers return to what they were before the economic recession a few years ago. One reason why companies are opening additional stores is to stay competitive within the market, the news source notes. Despite these positive forecasts, experts believe this year will still be somewhat difficult for retailers, as consumers slowly become more optimistic about their financial conditions.
Another aspect that is anticipated to significantly boost the retail industry in 2013 is mobile commerce, according to Forrester Research. Forbes reports that a Forrester study revealed that retail purchases made through mobile devices are expected to account for $31 billion by 2017, as consumers increasingly use their smartphones and tablets for shopping purposes.