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The retail landscape is quickly evolving today, as brick-and-mortar retailers including lululemon athletica and Kate Spade reinvent themselves to better compete with e-commerce giant Amazon.com. There's a lot at stake for these retailers, as more consumers than ever are opting for the convenience of online shopping over trekking to physical store locations.
Amazon pulled in quarterly sales of $19.74 billion during the first quarter, a double-digit increase over the same period a year ago. That's more than Michael Kors, Kate Spade, and Lululemon combined. However, new technologies such as Apple's iBeacons are helping reinvigorate the in-store shopping experience. Check out the following presentation to discover three retail trends that promise to transform the industry in 2014.
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The article 3 Retail Trends You Must Watch This Year originally appeared on Fool.com.
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