E-Business Applications Report: Future of Retail, Trends

This report, titled "E-Business Applications," examines the significant shifts occurring in the retail sector due to evolving consumer behaviors and technological advancements. It explores the integration of e-commerce and brick-and-mortar stores, emphasizing the importance of an omnichannel approach. The report discusses the growth of e-commerce and its impact on traditional retail, highlighting the need for businesses to adapt and offer seamless shopping experiences. It emphasizes the value of physical stores in providing tangible product experiences and the importance of merging online and offline strategies to meet consumer expectations. The report concludes that understanding consumer needs and preferences is crucial for creating engaging and convenient shopping experiences. The provided references support the analysis by offering insights into the changing retail environment.

Running head: E-BUSINESS APPLICATIONS
E-Business Applications
Name of the Student
Name of the University
Author note

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E-BUSINESS APPLICATIONS
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Conclusion.......................................................................................................................................3
References........................................................................................................................................4

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Introduction
Retailing has today reached a tipping point, no longer getting to avoid omnichannel
shopping. The changing demographics and technologies have also permanently altered how
consumers behave and the retailers have faced this in a completely unprecedented manner.
Today, simply proactively managing store portfolios would not do – companies need to actively
follow a dynamic, advanced and data-centric outlook to build the optimum store portfolio for
ensuring continuing viability (Walsh 2016).
Discussion
E-commerce is growing, and the growth will continue. However, it does not imply that
brick and mortar would die because of it, at least not in the near future. Brick and mortar retailers
have knowledge and supply chain capabilities. What they lack is technological knowledge and
understanding, which can be managed by organically by means of hiring people or by partaking
in acquisitions (Agrawal 2017).
Shoppers are always into wanting to touch, feel and experience the product they want to
buy, before buying it. They might be using digital means for researching and narrowing down
their choices, but when the matter comes to compensating and buying, they look forward to
seeing it in real and making sure they are making the correct choice. The future of retail is
situated at the juncture of brick and mortar and e-commerce. The two shopping experience forms
must be seamlessly integrated and must complement each other. The main objective for each of
these shopping experiences is the same - making the method of buying products for customers as
stress-free and exciting as possible. Today, as the modern shoppers have gained admittance to

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new technologies and changed what they wish to buy, both e-commerce and brick and mortars
companies have had to alter their approached and adapt (Popomaronis 2017).
It is difficult to present to customers a convincing and sticky brand experience online,
especially if the products on display are non-utility items similar to accessories, apparels and
home goods. In this process, many businesses have already lost money online and still offline
they have been highly profitable. This tendency is getting compelled by a wish to exploit the
growth in the experience economy – buyers are selecting to purchase experience over products.
E-commerce might be expedient, but consumers look for surprise and extemporaneity while
shopping, which is only available in a brick and mortar environment. Among convenience and
smart shopping, there exists a positive tension, which exist with the knowledge that there would
be a pragmatic element too. At the end of the day, it is all about the comprehension of the
different needs and preferences of the consumers and meeting them by means of exciting and
quirky ways, not only with the help of online of offline experience, but with the connection that
exists between them all (Shearman 2016).
Conclusion
Online shopping is trending upward and some sections of retail feel the influence more
than others, like apparel and consumer goods. Online sales still today do not alone represent the
whole of retail spending – the need and demand for physical stores still exist and its role inside
the omnichannel world still remains critical.

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References
Agrawal, A. 2017. Does eCommerce Success Mean Physical Stores Will Disappear in the
Future?. [online] HuffPost. Available at: http://www.huffingtonpost.com/aj-agrawal/does-
ecommerce-success-me_b_8904146.html [Accessed 10 Sep. 2017].
Popomaronis, T. 2017. Survival In Today's Retail Environment Means Merging Physical And
Digital. [online] Forbes.com. Available at:
https://www.forbes.com/sites/tompopomaronis/2017/06/30/survival-in-todays-retail-
environment-means-merging-physical-and-digital/#45843ba16e9c [Accessed 10 Sep. 2017].
Shearman, S. 2016. Back to bricks and mortar: how e-commerce has embraced the real world.
[online] the Guardian. Available at:
https://www.theguardian.com/media-network/2016/jul/07/bricks-and-mortar-ecommerce-retail-
digital [Accessed 10 Sep. 2017].
Walsh, M. 2016. The future of e-commerce: bricks and mortar. [online] the Guardian. Available
at: https://www.theguardian.com/business/2016/jan/30/future-of-e-commerce-bricks-and-mortar
[Accessed 10 Sep. 2017].