Sunday, December 22, 2019

Online Shopping Versus Traditional Brick-and-Mortar Shopping

Online Shopping Versus Traditional Brick-and-mortar Shopping Consumers are making purchases daily. There are a number of occasions and reasons prompting people to shop. Special occasions such as birthdays, anniversaries, and holidays all contribute to retail sales. Sustaining one’s daily life through purchase of food, clothing, personal hygiene products and cleaning products also contributes to the economy through commerce. How do most people like to shop? In recent years a new alternative to the traditional brick-and-mortar shopping, online shopping, has increased in popularity. â€Å"U.S. e-commerce sales grew from 72 billion U.S. dollars in 2002 to 228 billion U.S. dollars in 2010.† (â€Å"Online shopping,† n.d.,†¦show more content†¦This ensures a quick bargain without even having to get dressed to leave the house. People are able to shop for nearly anything while in their pajamas. Sometimes consumers just do not feel like going out and fighting the crowds to find the perfect birthday or wedding present. Blac k Friday is a prime example. Many people avoid all traditional brick-and-mortar shopping the day after Thanksgiving because of the overwhelming crowds and instead opt for Cyber Monday and enjoy shopping from the comfort of their own home, workplace, or mobile device. What if it is unrealistic to wait for a certain product? Even with expedited shipping, online shopping is not practical in certain situations. Even though all grocery shopping can be done online, what happens when a parent runs out of formula for their baby or need milk for their children’s cereal the next morning? Waiting anywhere from a day up to two weeks is not realistic. What happens when an outfit is bought online, and once it has been received the clothing it does not fit? Online shoppers must go through the return process and wait for the company to send out a new size or refund their money. In the traditional shopping setting, patrons are able to try on clothes and therefore eliminate having to exchan ge them because they do not fit. The possibility of receiving the wrong item altogether is much higher with online shopping than with traditionalShow MoreRelatedThe E Commerce Industry3776 Words   |  16 PagesIntroduction With a steady increase of time, effort, and money being poured into digital marketing over the past few years, one can only wonder what this means for the future of online exchange, or E-commerce. It is said that by 2016, the web will impact purchase decisions of sales totaling $2 trillion. This is over half of all retail transactions (van Bommel et.al.). Digital strategy is no longer something that can be overlooked, an extra tool for a company to take advantage of if they have theRead MoreThe Impact of Online Apparel Stores on in-Store Shopping3618 Words   |  15 PagesThe impact of online apparel stores on in-store shopping: A complement rather than a substitute Abstract Due to the fast development of the Internet and the growing popularity of online shopping, some argue that the online shopping will substitute store shopping ultimately. For some products such as books and tickets, that might be true, however, for product like apparel - a kind of high-risk and hedonistic product, it is not the case. This essay demonstrates why it isRead MoreLuxury Brand Experience In An Omni-Channel Setting With Strategic Online Visual Merchandising Analysis867 Words   |  4 PagesReinforcing the Luxury Brand Experience in An Omni-Channel Setting with Strategic Online Visual Merchandising Introduction Over the past decade, the consumer has taken the lead in online brand perceptions and conceptualizations. Multi-channel business practices are becoming more adaptive with its fast-growing and evolving consumer market. It is essential that retailers in the 21st century acknowledge the success of multi-channel businesses. The function of multiple-channel retail, also commonlyRead MoreThe E Commerce And Online Auctions Essay962 Words   |  4 PagesMarket Analysis The E-Commerce and Online Auctions industry has exploded over the past decade. Lured by the ease of ordering at home and ability to quickly compare prices and product reviews among retailers, many consumers are increasingly choosing to shop online over purchasing products at brick-and-mortar locations or via mail-order catalogs. RunWayMe will be part of the growing trend with a unique concept of selling the latest celebrities look-a-like outfits at affordable prices. Although thisRead MoreThe Army And Air Force Exchange Service1677 Words   |  7 Pagescompetitors are online shopping and local stores. With the rise of online shopping websites like Amazon, AAFES must actively reduce costs and lure shoppers into their stores. Amazon offers Amazon Prime and products are sold at cheap prices with often a one week delivery rate to locations overseas. When customers do not need the item instantly, the lure of more options and cheap prices thru online retailers causes a reduction in sal es in brick and mortar stores like the PX. AAFES does offer online shoppingRead MoreE Commerce : A Small On Line Business1317 Words   |  6 Pagesfourth feature. Marketing is enhanced with video, audio and text messages which improves the customer experience. Next is interactivity. It is the fifth feature. The interactivity feature of the technology adapts to the customer experience. The shopping experience is tailored to the customer. It personalized the experience. An example of interactivity is recommendations that Amazon suggests based on previous purchases or items you have researched. Which leads into the sixth feature. That featureRead MoreBrick and Mortar Retail vs. E-Commerce. What Is the Solution?5704 Words   |  23 PagesBrick and Mortar Retail vs. E-commerce What is the Solution? 1. Executive Summary Although the recent development of the Internet has skyrocketed business sales for the average e-commerce company, there are many advantages that they are missing out on that a brick and mortar organization can provide. So where is the ultimate middle-ground a firm can search for when aspiring to provide quality products and quality customer service in the most efficient way? The following is a discussion on theRead MoreNeiman Marcus and Target Retailing973 Words   |  4 PagesNeiman Marcus and Target Neiman Marcus and Target are stores that provide goods and services to consumers in a traditional brick and mortar set up with auxiliary outlets online and via catalogue. Neiman Marcus prides itself on delivering to the discerning consumer unique and innovative items much like a boutique store. Whereas Target is considered a discount retailer, second only to Wal-Mart, providing a wide variety of everyday items from groceries to furniture. While both Neiman Marcus and TargetRead MoreAmazon: Online Shopping and Amazon.com1873 Words   |  8 Pages2000? 4. As a member of the Amazon.com board of directors in early 2001, what challenges did the company face and what actions would you take? Amazon.com is a global leader in online-retail. The company was founded by Jeff Bezos in Seattle in 1995, during the period of tech boom era of the 1990’s. Since founding as an online bookseller, Amazon.com drastically grown to expand its product offerings, fulfillment, and customer service. This growth required huge investments in technology and processesRead MoreThe Impact of the Internet on the Retail Industry6630 Words   |  27 PagesThe internet has significantly impacted the retail industry: A qualitative amp; quantitative analysis of Amazon online shopping amp; Wal-Mart retail stores    Table of Contents INTRODUCTION___________________________________________________________3-4 PORTER FIVE FORCES ANALYSIS__________________________________________4-5 AMAZON HISTORY________________________________________________________5-7 AMAZON SWOT ANALYSIS________________________________________________8-10 WAL-MART

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.