2020 was probably the most challenging year in physical shopping in modern history. We are still busy managing the financial damage of the COVID 19 pandemic in the retail industry. Contact the best mobile app development agency in USA.
IBM's annual US Retail Index survey suggests that COVID19 has effectively accelerated the transition to e-commerce for five years, boosting some businesses and nearly bankrupting others. According to Retail Metrics, mall retailers already stalled due to department store predicament saw profits decline by 256% in the second quarter of 2020.