Driving Traffic To Brick-And-Mortar Stores In 2024 And Beyond [Forbes]
GigaCloud Technology Inc (GCT)
Company Research
Source: Forbes
U.S. e-commerce revenue is projected to increase by $657.8 billion over the next five years and reach $1.9 trillion by 2029. However, brick-and-mortar locations are continuing to make a comeback across sectors, following dramatic decreases in retail foot traffic resulting from the Covid-19 pandemic. Average monthly foot traffic has now "recovered to 81% of pre-pandemic 2019 levels [and] traffic is expected to fully recover by Q3 2024." Still, these retailers are facing new, evolving challenges in capturing consumer value in 2024, with 45% of consumers reporting that they are "spending less money on non-essential items and focusing only on purchases critical for survival or well-being." In the household goods sector, for example, shoppers may be inclined to put off purchases of new furniture. With this, brands must focus on increasing their average order value (AOV) to support continued growth amid a challenging economic landscape. Retailers have the opportunity to capture revenue
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News
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- Top US Growth Companies With High Insider Ownership For September 2024 [Yahoo! Finance]Yahoo! Finance
- Top US Growth Companies With High Insider Ownership In September 2024 [Yahoo! Finance]Yahoo! Finance
GCT
Earnings
- 8/6/24 - Beat
GCT
Sec Filings
- 9/3/24 - Form 8-K
- 8/19/24 - Form 3
- 8/19/24 - Form 4
- GCT's page on the SEC website