From re-purposed physical stores to the emergence of Cryptocurrency in retail, we are starting to see a blend of old and new trends making waves in the industry.
With increasing inflation, More retailers will be offering the option of cryptocurrency to their customers in the coming year due to better payment security, lower transaction fees, and faster transactions.
This week we dive into the new world of dark stores and cryptocurrency in retail.
THIS WEEK’S HIGHLIGHTS
- DOORCOUNTS WEBINAR TODAY: Join us today at 12 pm EST for our weekly webinar. CLICK HERE TO REGISTER FOR WEBINAR.
- The dark store: Giving new life to low traffic stores.
- Crypto in retail: Why consumers are eager to pay with crypto in physical stores.
FOOT TRAFFIC INDEX
Here’s a look at last week’s foot traffic compared to the same time last year.
FOOT TRAFFIC TRENDS
Industry insights so you can convert your foot traffic into more sales.
The dark store
If an order is called into a dark store and there are no customers to hear it, you can bet your bottom dollar it still adds up to big money.
Dark stores, shuttered stores opportunistically converted into fulfillment centers, are the new trend retailers are following to make the most out of their lower traffic stores.
By early 2021, U.S. companies had taken over nearly 100 million square feet of industrial and warehouse space. An additional 376 million square feet of space was under construction, according to news reports.
Despite e-commerce sales expected to reach $6.5 trillion by 2023, retailers are still investing big into physical locations.
Dark stores allow retailers to squeeze out the most cost-effective systems for reaching more customers.
Crypto in retail
As Cryptocurrency continues to make waves, it has slowly started making its way into the world of retail.
With inflation continuing to rise, more and more consumers are starting to see Crypto as a viable option for buying goods. Retailers such as Starbucks, Overstock, and the Dallas Mavericks have already started accepting Cryptocurrency as a form of payment.
Accepting a cryptocurrency that is hyper-deflationary by nature, incredibly safe, secure, and speedy, makes sense for retailers.
More retailers will be offering the option of cryptocurrency to their customers in the coming year due to better payment security, lower transaction fees, and faster transactions.
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