Retailers have closed thousands of stores in 2020, an increasing high rate that has surpassed last year. According to Business Insider, 6000 stores are expected to be closed by end of the year in the US.
In this context, retailers are finding new ways to generate sales as their in store earnings is decreasing. Retailers have to revamp their approach with the help of new technologies such as AR and VR experiences.
InThe Future of Retail: In-Store Experienceslide deck, Business Insider Intelligence looks at the technologies physical retailers are introducing ‐ like sensor networks and dynamic screens ‐ to revamp in-store product discovery and drive sales.