At the same time, they need to ensure that customers have an exceptional in-store shopping experience. Their focus should be to display the merchandise strategically while minimizing wasted space. One of the ways smart retailers can keep up is by utilizing their store spaces effectively to maximize sales. For perspective, the five-year average before the pandemic was just 4.4%. Sales grew 6.7% in 2020, and the NRF predicts that it will end up somewhere between 10.5% and 13.5% to reach $4.44 trillion this year. The retail industry has been growing at unprecedented levels since the pandemic.
