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Even in our hesitant economy, e-commerce has been and continues to be a booming industry. In fact, online shopping is predicted to increase to $1.4 trillion in 2015, and e-commerce is growing at a steady 10 percent per year.
Although the retail industry as a whole is in crisis when in comparison to booming industry giants such as Amazon.com, there are some benefits to being a brick-and-mortar store. For one thing, consumers enjoy the one-on-one interaction and personal touch that comes from shopping in-person. For another, online shopping makes impulse buys unlikely, meaning that people are less likely to discover a new favorite product and less likely to take a risk on an unplanned purchase.
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- Companies:
- Amazon.com
- Solutions
Rich Scamehorn
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