Retailers are separating in-store and eCommerce operations. Plus, apparel brands are dealing with the increase in cotton prices, and conversational commerce could play a key role in eCommerce within the next decade.
Data:
4.2%: Increase in apparel prices through August 2021.
$1.16: Per-pound price of cotton.
60%: Share of consumers who consider trust regarding personal data to be at least a moderate problem.
300: Increase in conversation volume on the Quiq platform since April 2020.
$7B: Macy’s market valuation.
