𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗧𝗿𝗲𝗻𝗱𝘀 𝗦𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝘁𝗮𝗶𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆: 𝗧𝗼𝗽 𝟱 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀

Technology has brought a tremendous amount of change and transformation in the retail industry. As the retail landscape continues to evolve, customer behaviour is also changing along with their expectations. In order to survive and thrive in the market, which is led by several advancements, retailers must be swift in adapting and embracing new shifts in consumer preferences and demographics.
In the last few years, technology has brought extensive modifications in the way both small and big players manage their business. While the retail market is highly competitive in the developed economies, in the developing economies, the market is expanding and growing at a **** faster pace. Consumer spending, a fundamental indicator of the growth of the market, along with the increase in the scope of online shopping, has been reshaping the industry.