{"id":9113,"date":"2019-09-02T11:10:05","date_gmt":"2019-09-02T08:10:05","guid":{"rendered":"https:\/\/www.become.co\/blog\/?p=9113"},"modified":"2020-12-03T16:26:41","modified_gmt":"2020-12-03T14:26:41","slug":"brick-and-mortar-vs-ecommerce-retail","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/brick-and-mortar-vs-ecommerce-retail\/","title":{"rendered":"Brick and Mortar Stores vs Online Retail"},"content":{"rendered":"\n\n

Do people still love to shop in brick and mortar stores?<\/strong><\/span><\/p>\n

You\u2019ve got your phone in hand and you look down and think, \u201cI could really use new shoes.\u201d<\/span><\/p>\n

You unlock the screen, tap on the app, swipe here, swipe there, click and purchase. It\u2019s easy and convenient, but there\u2019s something more essential missing…<\/span><\/p>\n

When you compare brick and mortar vs eCommerce, there are lots of pros on both sides. But one thing is for certain: technology hasn\u2019t made the human touch obsolete (yet).<\/span><\/p>\n

What do brick and mortar stores do that helps them compete with the ever-growing percentage of retail sales online? Find out below – plus, get the top eCommerce vs brick and mortar statistics of 2019!<\/span><\/p>\n\n

What does a brick and mortar store mean?<\/span><\/h2>\n

When somebody refers to a brick and mortar store, they\u2019re talking about a physical storefront where business transactions are conducted.<\/span><\/p>\n

You may have seen reports over the past few years about a \u201cretail apocalypse\u201d, where thousands of small brick and mortar retailers have been forced to close shop because they face such intense <\/span>competition from big corporations<\/span><\/a> and online sales. While there\u2019s some data to back up those claims, it\u2019s still clear that small storefront retailers have yet to drop out of the race and have been adapting to the new digital environment.<\/span><\/p>\n

For example, while many people may assume that the interactions at brick and mortar stores are between two people, the development of <\/span>retail technology trends<\/span><\/a> has resulted in more and more business being delegated to automated systems that reduce dependence on human employees.<\/span><\/p>\n

The physical storefront is slowly but surely adopting technology to streamline the business, which is turning it into something of a hybrid between what retail used to look like and the full-on digitalization of the retail industry. That brings us to eCommerce.<\/span><\/p>\n\n

[bctt tweet=”The physical storefront is slowly but surely adopting #technology to streamline the #business, which is turning it into something of a hybrid…” username=”Become_co”]<\/p>\n\n

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Side note:<\/b> Brick and mortar stores oftentimes face big seasonal changes in their business, which can mean serious challenges for extended periods of time. If that sounds familiar, business loans<\/a> can help keep you overcome those slow times of the year.<\/span><\/p>\n\n

Of course, the type of store you run will affect the kind of industry loans<\/a> you, as well as the specific circumstances that you find yourself in. Weigh your options carefully in order to choose the right funding solution for your business.<\/p>\n\n

Also, be sure to read up on <\/span>off-season survival tactics<\/a> that other business owners use to get through cash flow droughts<\/span>.<\/span><\/p>\n<\/blockquote>\n\n

In this age of digital technology that we live in, it\u2019s no longer enough to say that \u2018you run a retail business\u2019, since that now includes eCommerce (a.k.a. online retail or e-tail) businesses also.<\/span><\/p>\n

As opposed to brick and mortar stores, eCommerce businesses run their operations entirely through digital means. The idea may seem foreign to veterans in the retail industry – if you\u2019re still unfamiliar with the concept, now is the time to get caught up on recent <\/span>eCommerce trends<\/span><\/a> and online shopping statistics.<\/span><\/p>\n

With the two ideas laid out, you may be wondering how they compare. We were just getting to that – keep reading for a breakdown of brick and mortar vs eCommerce.<\/span><\/p>\n\n

Online shopping vs in-store shopping statistics<\/span><\/h2>\n

There\u2019s a lot to consider when comparing shopping online vs in-store, but research is providing insights that help us track how both parts of the retail industry perform. We promised you the top eCommerce vs brick and mortar statistics of 2019, and here they are.<\/span><\/p>\n\n

Top retail sales statistics:<\/b><\/p>\n