{"id":1259599,"date":"2021-11-03T08:23:56","date_gmt":"2021-11-03T12:23:56","guid":{"rendered":"https:\/\/www.practicalecommerce.com\/?p=1259599"},"modified":"2022-04-27T19:52:26","modified_gmt":"2022-04-27T23:52:26","slug":"charts-physical-retail-to-transform-layout-purpose","status":"publish","type":"post","link":"https:\/\/www.practicalecommerce.com\/charts-physical-retail-to-transform-layout-purpose","title":{"rendered":"Charts: Physical Retail to Transform Layout, Purpose"},"content":{"rendered":"<p>The shift to online buying could prompt physical retail stores worldwide to commit a third of their space for online fulfillment.<\/p>\n<p>That&#8217;s according to Edge by Ascential, a U.K.-based research and advisory firm. Its &#8220;Retail Insight&#8221; service provides market data and analysis to worldwide retailers \u2014 based on 2 million data points and 40 economic indicators for every country.<\/p>\n<p><a href=\"https:\/\/www.ascentialedge.com\/insights\/ecommerce-strategy\/3-ways-suppliers-can-drive-store-based-value-digital-era\">According<\/a> to Retail Insight, by 2023, 34.8% of global &#8220;chain retail&#8221; sales will be online, up from 30.8% in 2021, rising to 37.7% by 2025. This shift will transform the purpose and layout of physical stores, Edge by Ascential predicts.<\/p>\n<p>The pandemic accelerated the adoption of digital retail. Estimates vary on the magnitude. Regardless, physical retailers that had used their stores pre-Covid to fulfill orders held an advantage.<\/p>\n<div id=\"everviz-aaB5srWcw\" class=\"everviz-aaB5srWcw\"><script src=\"https:\/\/app.everviz.com\/inject\/aaB5srWcw\/\" defer=\"defer\"><\/script><\/div>\n<p>That trend \u2014 online ordering with local pickup or <a href=\"https:\/\/www.practicalecommerce.com\/is-last-mile-delivery-ripe-for-disruption\">delivery<\/a> \u2014 will likely accelerate. The effect will be a restructuring of the layout of physical retail, with significant store space repositioned for online fulfillment.<\/p>\n<p>The transformation, according to Retail Insight, will impact all consumer categories.<\/p>\n<div id=\"everviz-emx_6HwgO\" class=\"everviz-emx_6HwgO\"><script src=\"https:\/\/app.everviz.com\/inject\/emx_6HwgO\/\" defer=\"defer\"><\/script><\/div>\n<p>&nbsp;<\/p>\n<div id=\"everviz-_GkKOoSRx\" class=\"everviz-_GkKOoSRx\"><script src=\"https:\/\/app.everviz.com\/inject\/_GkKOoSRx\/\" defer=\"defer\"><\/script><\/div>\n<p>&nbsp;<\/p>\n<div id=\"everviz-DCRhcY_JN\" class=\"everviz-DCRhcY_JN\"><script src=\"https:\/\/app.everviz.com\/inject\/DCRhcY_JN\/\" defer=\"defer\"><\/script><\/div>\n<p>&nbsp;<\/p>\n<div id=\"everviz-u7BhOOxFw\" class=\"everviz-u7BhOOxFw\"><script src=\"https:\/\/app.everviz.com\/inject\/u7BhOOxFw\/\" defer=\"defer\"><\/script><\/div>\n<h3>Future Stores<\/h3>\n<p>Data from Edge by Ascential&#8217;s Retail Insight suggests physical retailers will adjust their store setups and strategies to stay competitive in the post-Covid world. Stores of the future will focus on <a href=\"https:\/\/www.practicalecommerce.com\/the-retail-omnichannel-imperative\">accommodating<\/a> online consumers, becoming physical portals into brand and product experiences, where shoppers can socialize and experiment with products while using digital touchpoints, such as mobile phones and social media.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shift to online buying could prompt physical retail stores worldwide to commit a third of their space for online fulfillment. That&#8217;s according to Edge by Ascential, a U.K.-based research and advisory firm.<\/p>\n","protected":false},"author":2426,"featured_media":1260070,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[58310],"tags":[58315],"class_list":["post-1259599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local","tag-charts",""],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.2 (Yoast SEO v25.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Charts: Physical Retail to Transform Layout, Purpose - Practical Ecommerce<\/title>\n<meta name=\"description\" content=\"The shift to online buying could prompt physical retail stores worldwide to commit a third of their space for online fulfillment. 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