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TwitterBetween November and December 2021, total retail sales in the United States had decreased by roughly two and a half percent. The coronavirus pandemic had caused major blows to U.S. retail when it first became a global emergency, i.e., during March and April 2020. As of January 2022, the United States had accounted for over 60 million COVID-19 cases since the beginning of the pandemic.
Which industries did COVID-19 affect the most? The COVID-19 crisis caused consumers to shift their spending focus towards necessities: in other words, people in the United States had been spending more on groceries and household supplies. Most other industries, including out-of-home entertainment, restaurants, apparel and footwear stores, saw a substantial decrease in consumer spending as a result of the virus outbreak.
Hoarding behavior among consumers Not only have consumers changed what they buy, there have also been times when shoppers would purchase larger quantities: during the first weeks of the pandemic, hoarding was very prominent among households in the United States. Over the later quarters, pantry filling and hoarding behavior fluctuated, but showed a mostly downward trend.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
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TwitterDuring the peak of the coronavirus (COVID-19) crisis (March-April 2020) when many countries worldwide introduced lockdown measures, e-commerce share in total retail sales saw proportions that were not seen before. In the United Kingdom, where an already mature e-commerce market exists, e-commerce share saw as high as **** percent, before stabilizing in the subsequent periods. In the most current period (as of January 31, 2021), United Kingdom, United States and Canada were the leading countries where e-commerce had a higher share as a proportion of total retail, at **, **, and ** percent, respectively.
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COVID-19 accelerates significant opportunities for long-term growth in electronic payments Read More
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TwitterWhen asked whether they had exhibited any of the following changes in shopping behavior since the coronavirus (COVID-19) pandemic started, an estimated 40 percent of consumers in the United States said they had given a different brand a try. Close to a third of U.S. shoppers had tried out a new digital shopping method.
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TwitterThe COVID-19 pandemic has caused a permanent shift towards online shopping. While restrictions have eased, consumers have kept the online shopping habits they formed in lockdown.
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The Coronavirus (COVID-19) country report analyses how the pandemic will impact retail spend in South Korea. Read More
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TwitterRetail platforms have undergone an unprecedented global traffic increase between January 2019 and June 2020, surpassing even holiday season traffic peaks. Overall, retail websites generated almost ** billion visits in June 2020, up from ***** billion global visits in January 2020. This is of course due to the global coronavirus pandemic which has forced millions of people to stay at home in order to stop the spread of the virus. Due to many shelter at home orders and a desire to avoid crowded stores in places where it is possible to shop, consumers have turned to the internet to procure everyday items such as groceries or toilet paper.
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The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More
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TwitterThe COVID-19 pandemic has led the retail sector into a period of profound change. How must retailers adapt their operations to ensure they remain competitive in the future?
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This brief looks at how some retailers and brands have reacted during the COVID-19 crisis with the take outs other businesses can use to devise their own strategies. Read More
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The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More
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TwitterIn 2020, the food service industry in the United States took a huge hit due to the coronavirus (COVID-19) pandemic. According to the source, in 2020, the retail sales of the food service industry was forecasted to reach *** billion U.S. dollars (nominal dollars). This shows a *** billion U.S. dollars decline when compared to the previous year.
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Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 51 to 75 Percent data was reported at 0.000 % in 11 Aug 2021. This stayed constant from the previous number of 0.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 51 to 75 Percent data is updated daily, averaging 0.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 0.000 % in 11 Aug 2021 and a record low of 0.000 % in 11 Aug 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail Trade: NS: Decreased: 51 to 75 Percent data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S008: Business Survey: COVID-19 Effect: Turnover (Discontinued).
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Sweden Business Survey: COVID-19 Effect: SO: Trade: Retail: Others: High Risk data was reported at 0.000 % in 23 Sep 2020. This stayed constant from the previous number of 0.000 % for 24 Jun 2020. Sweden Business Survey: COVID-19 Effect: SO: Trade: Retail: Others: High Risk data is updated daily, averaging 0.000 % from May 2020 (Median) to 23 Sep 2020, with 5 observations. The data reached an all-time high of 0.000 % in 23 Sep 2020 and a record low of 0.000 % in 23 Sep 2020. Sweden Business Survey: COVID-19 Effect: SO: Trade: Retail: Others: High Risk data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S009: Business Survey: COVID-19 Effect: Seizing Operations (Discontinued).
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The coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel coronavirus a pandemic on March 11, 2020. Read More
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TwitterIn response to the COVID-19 pandemic, the Epidemic Question Answering (EPIC-QA) track challenges teams to develop systems capable of automatically answering ad-hoc questions about the disease COVID-19, its causal virus SARS-CoV-2, related coronaviruses, and the recommended response to the pandemic. The goal of the track is to evaluate systems on their ability to provide timely and accurate expert-level answers as expected by the scientific and medical communities as well as answers in consumer-friendly language for the general public.
Expert QA: In Task A, teams are provided with a set of questions asked by experts and are asked to provide a ranked list of expert-level answers to each question. In Task A, answers should provide information that is useful to researchers, scientists, or clinicians.
Consumer QA: In Task B, teams are provided with a set of questions asked by consumers and are asked to provide a ranked list of consumer-friendly answers to each question. In Task B, answers should be understandable by the general public.
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We adapt the collection of biomedical articles released for the COVID-19 Open Research Dataset Challenge (CORD-19). The CORD-19 collection includes a subset of articles in PubMed Central (PMC) as well as pre-prints from bioRxiv. Contexts in this collection will correspond to automatically identified paragraphs in the articles' abstracts, or main texts. This dataset has not been added yet.
We include a subset of the articles used by the Consumer Health Information Question Answering (CHIQA) service of the U.S. National Library of Medicine (NLM). This collection includes authoritative articles from: the Centers for Disease Control and Prevention (CDC); DailyMed; the Genetic and Rare Disease Information Center (GARD); the Genetics Home Reference (GHR); the Mayo Clinic; Medline Plus; the National Heart, Lung, and Blood Institute (NHLBI); the National Institute of Allergy and Infectious Diseases (NIAID); the World Health Organization (WHO); and the Office on Women's Health of the U.S. Department of Health & Human Services. Contexts in this collection will correspond to paragraphs or sections as indicated by the HTML markup of the document. The data in its original form has been included but is being parsed.
Thanks to the EPIC QA challenge, which you can visit here.
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As per Cognitive Market Research's latest published report, the Global Online Fashion Retail market size was $771.90 Billion in 2022 and it is forecasted to reach $2,755.17 Billion by 2030. Online Fashion Retail Industry's Compound Annual Growth Rate will be 17.37% from 2023 to 2030. Market Dynamics of the Online Fashion Retail Market:
Evolution in online shopping along with the emergence of technologies:
Technological advancement has become the center of life. Most devices such as smartwatches, and mobile phones with multiple accessibilities merge with digital networks. Technologies such as blockchain, and artificial intelligence have pushed online fashion businesses to be more user-friendly which can help customer to fulfill their needs. E-commerce retail platforms which are using several technologies would be able to surge their competitive advantage towards better customer experiences and customizing the products as per their requirements. Artificial Intelligence (AI) is becoming the most popular technology in the online fashion retail industry. AI has the ability to change vast and diverse data into valuable data which helps to exceed cost, speed, and time. Furthermore, Augmented Reality (AR) technology also plays a vital role which provides a real-time view and also magnified computer-generated information.
Restraining Factor:
Lack of close examination and frauds in online shopping:
Many customers want to feel and touch the product in order to identify product quality. Thus, most of the customers prefer to purchase from window shops to touch-feel-try the products which may lead to hinder the market growth to some extent. In addition, the products shown in the pictures are sometimes misleading. The size, colour, and appearance are not images with electronic images. In addition, many people prefer to visit physical stores for examining the product though it consumes time. Further, the online payment mode is not much safe while doing payment transactions. Therefore, retailers and e-marketers are paying attention to finding out a solution to this issue.
However, the emergence of new technologies, good discounts, availability of different brands, time-saving processes, a wide range of products, and safer payment transactions are expected to surge the market growth during the forecast period.
Current Trends on Online Fashion Retail:
Development of new applications in online fashion retail platforms:
Increasing penetration of smartphones and the emergence of new technologies followed by the development of different applications have gained traction in the online fashion retail market. Solutions like Mobile body scanning technology are having a lucrative impact on the online fashion retail market size and shape. In addition, a solution like Mobile Tailor which allows customers to take body measurements remotely and contactless by using just two photos of them enables businesses to expand their reach. Furthermore, YourFit solution also helps shoppers to find out matching online shoppers in order to overcome size issues. Thus, the development of new applications in the fashion world is projected to expand the market growth in the future.
Impact of the COVID-19 pandemic on the Online Fashion Retail Market:
The outbreak of Covid-19 has significant impact on the global fashion retail market. As governments of several nations announced lockdown and social distancing regulations, the market has faced several damages during the Covid-19 pandemic. However, there are some positive impacts such as the emergence of new technologies i.e. ewallet, 360-degree videos, three-dimensional product view, and trying on clothes with augmented reality has gained traction during a pandemic. The online fashion market has gained traction among young consumers during the outbreak of COVID-19. UK-based eCommerce company BooHoo has reported that during the lockdown their sales has increased by 45% in May 2020.
As the online fashion retail industry is growing, fashion businesses need to adapt to changing circumstances. Due to the high competition in the sector, online fashion businesses have to implement new intelligent solutions which are going to recommend the right product to the right customer in real time. Introduction of Online Fashion Retail:
In the past decade, increasing usage of the internet has given new momentum to the online fashion retail market. Rising demand for designer dress...
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TwitterAs the new coronavirus strain Sars-Cov-2 (Covid-19) is spreading across the world at an alarming pace, the consumer market is seeing disruptions as manufacturing and production sectors slow down, particularly in countries where the disease hit the hardest. According to a study conducted with UK retailers in the food, fashion, and health and beauty categories, retailers are positive that the Covid-19 will have a negative impact on their sales. While ** percent thought the impact would be significant, a great share of respondents thought the outbreak would have a slightly negative impact on their sales, if the virus persists.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
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The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020. Read More
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Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail: IC: Decreased: 1 to 25 Percent data was reported at 17.000 % in 11 Aug 2021. This records a decrease from the previous number of 28.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail: IC: Decreased: 1 to 25 Percent data is updated daily, averaging 33.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 55.000 % in 12 Aug 2020 and a record low of 17.000 % in 11 Aug 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Trade: Retail: IC: Decreased: 1 to 25 Percent data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S008: Business Survey: COVID-19 Effect: Turnover (Discontinued).
Facebook
TwitterBetween November and December 2021, total retail sales in the United States had decreased by roughly two and a half percent. The coronavirus pandemic had caused major blows to U.S. retail when it first became a global emergency, i.e., during March and April 2020. As of January 2022, the United States had accounted for over 60 million COVID-19 cases since the beginning of the pandemic.
Which industries did COVID-19 affect the most? The COVID-19 crisis caused consumers to shift their spending focus towards necessities: in other words, people in the United States had been spending more on groceries and household supplies. Most other industries, including out-of-home entertainment, restaurants, apparel and footwear stores, saw a substantial decrease in consumer spending as a result of the virus outbreak.
Hoarding behavior among consumers Not only have consumers changed what they buy, there have also been times when shoppers would purchase larger quantities: during the first weeks of the pandemic, hoarding was very prominent among households in the United States. Over the later quarters, pantry filling and hoarding behavior fluctuated, but showed a mostly downward trend.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.