What will Christmas shopping be like during the pandemic?

Must read

There’s a boom in selling new houses. How will it influence prices?

The sale of new houses in the United States has soared to levels not seen since 2006. Several factors contributed to this trend-building situation...

US fines BMW with $18 millions for inflating sales figures

BMW will pay an $18 million fine to resolve allegations that it inflated its monthly sales figures in the United States for five years...

Employment grows in Florida after months of decline due to pandemic

Florida's unemployment rate fell 7.4 percent in August, according to the Department of Economic Opportunity. This confirms that you have recovered half of the...

Poverty rate fell in the United States to historic lows

The United States achieved the lowest poverty rate in 2019 since they were published by the Census Bureau in 1959, that federal office said...
Florida Times
Florida Timeshttps://floridatimes.news
This article was written by the Florida Times. If you want to replicate this content, be sure to link to this story to preserve the original source.

The coronavirus pandemic has impacted consumer behavior and retailers will offer more options for Christmas purchases such as digital markets, social media products, and even online clothing testers, according to one report.

39% of merchants plan to sell products beyond their own websites, in digital markets, while 31% will make products available on social media apps, according to a survey by international online payment company Paypal.

Because 52% of merchants surveyed are unsure whether consumers will use testers in stores, 39% will offer virtual alternatives. This includes online adjustment or sizing tools (26%), virtual showrooms (23%) and virtual imaging experts (23%).

The Paypal survey was conducted by Netfluential last August among 1,000 small and medium-sized retailers in sectors ranging from home and electronics to fashion and cosmetics and published on its blog in September.

Opinion polls revealed that many U.S. retailers are taking a reactive approach and waiting to see what this year’s procurement scenario is.

“But other traders are being proactive in finding innovative and technological ways to reach consumers in the new environment”

The company said.

The data reveals that 1 in 3 of the retailers surveyed are proactively preparing their businesses and 1 in 5 entrepreneurs say their future depends on the results of this year’s season.

The first group expects Christmas sales to be lower than last year and still implement key strategies to increase revenue, according to the survey.

More than 45% of traders who already offer “buy now, pay later” financing expect to see an increase in Christmas sales.

70% of retailers are not hiring additional staff or employees who were previously fired by the virus crisis and 28% of companies are still waiting to see what demand will look like later in the year to start planning.

Safety is paramount during Christmas shopping

The vast majority of retailers (81%) is taking additional precautions to keep buyers safe, according to the survey.

Retailers are finding ways to limit physical contact and help customers practice social estating.

46% plan to offer sidewalk pick-up service, while approximately the same amount will make masks mandatory and implement physical estating rules and 34% said they will offer hand sanitist in the store.

34% of retailers selling in physical stores are implementing cashless payment options.

“Given current economic uncertainty and (the situation), retailers must continue to adapt to boost sales and support consumers“, Paypal said.

Latest article

Walter Mercado’s horoscope: here what the universe holds for you this Monday 05-10-2020

Walter Mercado's horoscope is undoubtedly a guide for the followers of the late astrologer. Betty B. Mercado, niece and collaborator of Walter Mercado, continues...

Delta Storm forms in Caribbean and Cuba is on hurricane alert

Tropical Storm Delta formed in the northwest Caribbean Sea on Monday and could turn into a hurricane as it passes near Cuba, which is...

What about the check? House of Representatives approves $2.2 trillion economic relief package

The House of Representatives narrowly approved on Thursday an amended version of an economic relief package against the COVID-19 pandemic for $2.2 trillion, which...

Moderator Chris Wallace fails to stop interruptions in first debate

He is known as a tough interviewer, but Chris Wallace struggled Tuesday night to moderate the presidential debate, without being able to control a...

Poll: Americans fear foreign interference

Most Americans are at least concerned about the potential for foreign interference in the November election and most believe that Russia tried to influence...

What is the experimental antibody treatment given to the president Donald Trump

After being diagnosed as positive for COVID-19, President Donald Trump received an experimental drug, the White House said this Friday. "As a precautionary measure, it...