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Has COVID permanently altered US retail? | Fintech Finance

August 21 2020

Has COVID permanently altered US retail?

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Long before COVID-19 was even a blip on the radar, countless obituaries had been written for traditional shopping, mega malls, brick and mortar retailers, and mom and pop shops. According to a new survey of US shoppers, the ongoing global pandemic is on track to all but eliminate retail and commerce as we once knew it.

Nearly three quarters surveyed (73.5%) reported that they are shopping online more now than they did prior to the spread of COVID-19. Moreover, nearly 9 in 10 (88%) said they will continue to shop online more even after a cure or vaccine for COVID-19 is discovered.

  1. dtcpay Partners With Primer to Meet the Growing Demand for Seamless Stablecoin Payments in Southeast Asia

    Crypto

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  2. SAMA and Google Sign Agreement to Bring Google Pay to KSA during 2025

    News

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  3. Tint Announces Record Growth in 2024, Expanding Core Markets and Launching New Embedded Insurance Products

    Insurtech

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  4. Anthony Chan, CEO of Isola Capital, Joins Hex Trust’s Advisory Board

    News

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  5. Paystand Announces Opening of its New Headquarters in Santa Cruz

    News

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