The results of the recent MoM Google Local Marketing report show that both the retail and restaurant verticals saw increases in searches and listing views. The restaurant industry saw double-digit increases in searches and listing views, while the retail industry saw a 21% increase. The increase in searches and listings was accompanied by a 9% increase in total clicks. This increase coincides with the growth of experiential dining, where consumers are increasingly looking for unique dining experiences.
The restaurant industry was particularly hard hit by COVID 19. In April 2020, almost 60% of the US population was vaccinated, prompting the government to lift the ban on eating out. However, the impact on the restaurant industry affected sales and profitability. While profits fell by 10% during this period, the restaurant industry saw record growth in searches and listing views in July 2022.
Although the economy is recovering, consumers remain wary of the recession. According to the latest Q2 GDP report, consumer spending rose 1% year-on-year, suggesting that the recession has not dampened consumer spending. But experts worry that the recession will soon wear on consumers’ patience and limit their spending.
This trend will continue into 2022. The rise in food delivery brought its own challenges. Consumers became cautious about the handling and safety of their food. Foodborne illnesses affected more than 900,000 people last year. As a result, food safety has become an issue of great importance to restaurant and retail businesses. Delivering a safe, quality product is critical to attracting and retaining customers.
The global economy continues to experience disruption, and the power of retail has never been more important. As global pandemics continue to disrupt economies, the ability to anticipate and meet consumer demands has never been more critical. The companies that can best meet these needs will win in the long run.
Data from over 170,000 Google business profiles reinforces a continued rise in consumer spending despite economic uncertainty.
SAN DIEGO (PRWEB) Aug. 23, 2022
According to recent research by Rio SEO, the leading provider of an all-in-one local marketing platform proven to increase online visibility, last month’s National Consumer Search Behavior Survey revealed a continued average month-over-month (MoM) increase in average total searches and listing views across most verticals surveyed, particularly retail and restaurant businesses.
Service businesses, financial services brands, sit-down restaurants, quick-service restaurants, hotels and retail brands collectively experienced MoM increases in total listing impressions and total Google searches. Together, Rio SEO saw a:
In July, retail marketing metrics MoM increased with a 14% increase in average listing views, an 8% increase in searches and a 3% increase in clicks. Additionally, the restaurant industry – quick-service and sit-down – metrics saw significant increases MoM with a 30% and 32% increase in average listing views, 21% and 17% increase in Google searches and 9% and 2% increase in total clicks respectively .
According to a recent Yelp report, many restaurants are also experiencing an increase in reservations, as well as a high number of requests for both outdoor and indoor seating. Experience-focused dining, such as dinner theaters and Internet cafes, is expanding as consumers seek to find more unique dining options.
“This summer, consumers are showing a lot of resilience,” said Ryan Weber, Director of Client Success, Rio SEO. “It’s encouraging to witness month-over-month local marketing metrics evolving positively and the steady increase in consumers feeling more comfortable shopping and engaging in personal activities.”
Service companies, financial services brands, sit-down restaurants, fast-casual restaurants, retail and healthcare organizations collectively saw year-over-year increases in local search behavior:
To view the full analysis or to request a demo of Rio SEO’s comprehensive local marketing platform, visit RioSEO.com.
About Rio SEO
Rio SEO is the leading local marketing platform for business brands. The Open Local Platform provides multi-location organizations with a comprehensive, seamlessly integrated suite of turnkey local marketing solutions proven to increase brand visibility across search engines, social networks, map applications and more. The world’s leading corporate brands – retailers, restaurants, hospitality, financial services, healthcare and more – rely on Rio SEO’s innovative technology and local marketing expertise to drive motivated, measurable online traffic to websites and brick-and-mortar locations. Rio SEO is part of Forsta, a global leader in customer experience (CX), employee experience (EX) and market research (MR). The combined technologies of Forsta and Rio SEO enable brands to engage consumers throughout the customer journey from discovery to purchase to advocacy. For more information, visit http://www.rioseo.com.
For the original version on PRWeb visit: https://www.prweb.com/releases/retailers_and_restaurants_see_increases_in_searches_and_listing_views_in_july_2022/prweb18856500.htm
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Contents
- 1 What are the recent trends in retailing in India?
- 2 Who dominates the retail market?
- 3 What is the most sold item in the world?
- 4 Which product has more demand in market?
What are the recent trends in retailing in India?
A ‘good’ digital customer experience involves providing consumers with a fast, responsive and frictionless experience as they move between channels in their customer journey. Brands with great DCX provide a cohesive and consistent online experience that delights their customers.
Major trends impacting retail in India Contactless engagements (mobile payments, contactless deliveries, virtual tours, AR/VR-led consultations and home visits). Growth in selected sub-sectors driven by increased spending on essentials, nutrition, wellness and hygiene (discretionary spending has been de-prioritised).
What is retailing explain retail trends in Indian scenario?
What are the main trends and developments in retail? Some of the developments taking place include tighter consumer spending; new forms of retail; shortening retail life cycles and retail convergence; the rise of mega-retailers; growth of direct, online, mobile and social media retail; the necessity of omni-channel retailing; the importance of retail technology; green retail; and…
What is Indian retail scenario?
Answer: Explanation: The Indian retail sector has grown rapidly with various factors influencing its rise. The few vital factors would be the rise in digitization, consumer purchasing power, urbanization and rapidly changing lifestyles of consumers.
What are the trends in retailing?
Industry Scenario The Indian retail market is estimated to reach $2 tn by 2032, driven by socio-demographic and economic factors such as urbanization, income growth and rise in nuclear families. On the other hand, the Indian e-commerce industry is expected to cross 350 billion. USD in 2030 and grow at a CAGR of 23%.
- Here are 5 retail industry trends that retailers are embracing to keep their businesses going.
- Invest in omnichannel retail strategies. …
- Provide a personalized retail experience. …
- Join the growing culture of immediacy. …
- Embrace the digital mobile wallet. …
What are the recent trends in retailing?
Expand into new markets and create new channels.
- Here are 5 retail industry trends that retailers are embracing to keep their businesses going.
- Invest in omnichannel retail strategies. …
- Provide a personalized retail experience. …
- Join the growing culture of immediacy. …
- Embrace the digital mobile wallet. …
What is the meaning of trends in retailing?
Expand into new markets and create new channels.
How is retail doing in 2022?
Retail sales trend analysis is the strategy that helps retailers know the right buttons to push, the right actions to take, and the right people to talk to. Trend analysis also reveals the truth behind a problem in business, what caused the problem and solutions to avoid this problem.
What is the current status of retailing in India?
By 2022, worldwide retail sales are poised to grow 5% year-on-year (YoY) to exceed $27.33 trillion.
What is retailing discuss present scenario of retailing in India?
The Indian retail market is largely unorganized. However, over the next 3-5 years, the share of modern retail (including e-commerce) will increase to 30-35%, and the share of traditional retail will decrease to 65-70%.
Why is retail industry growth in India?
The Indian retail sector has grown rapidly with various factors influencing its rise. The few vital factors would be the rise in digitization, consumer purchasing power, urbanization and rapidly changing lifestyles of consumers.
Who dominates the retail market?
Healthy economic growth, changing demographic profile, increasing disposable income, urbanization, changing consumer tastes and preferences are some of the factors driving the growth of the organized retail market in India.
Based on retail sales generated in fiscal year 2020, Walmart was by far the world’s leading retailer with retail revenue exceeding US$559 billion.
Who is the number 1 retailer in the US?
Which are the top 3 retailers in the world?
Who is the largest retailer in the United States 2022?
The latest data from the National Retail Federation shows that Walmart continues to lead as America’s top retailer. In 2021, the company brought in retail sales of $459.51 billion in the United States – an increase of 6.6 percent over the previous year.
What is the most successful 2021 retail?
Walmart again leads the pack, claiming a retail share of 12.67% of the market, equivalent to $572 billion in sales.
What is the biggest retail market in the world?
This ranking shows the top 100 US retailers in 2021, based on US retail sales. Once again, Walmart was the leading US retailer. That year, the company accounted for about 460 billion US dollars in retail sales.
What is the largest retail business in the world?
The World’s Leading Retail Markets The United States is home to the top three retail companies in the world, namely Walmart, Amazon and Costco. By 2021, the total retail market in the United States reached a turnover of over 6.5 trillion US dollars.
Where is the largest retail store in the world?
Based on retail sales generated in fiscal year 2020, Walmart was by far the world’s leading retailer with retail revenue exceeding US$559 billion. Many of the world’s leading retailers are American companies.
What is the most sold item in the world?
Since March 2009, the world’s largest moniker goes to Shinsegae Centum City Department Store, located in Busan, South Korea.
What is the most sold item in the world? The most sold item in the world is clothing and fashion items. This ranges from women’s and men’s outfits to children’s clothing, shoes, accessories and much more. People love their clothes and fashion isn’t going anywhere!
- What are the 3 best selling products in human history? The 10 best-selling products in history
- Lipitor.
- Star wars. …
- Rubik’s cube. …
- Mario Bros. Franchise. …
- iPad.
- Harry Potter. Related Link: Top 4 NYSE Stocks in the Personal Products Industry.
- Michael Jackson’s ‘Thriller’ “Thriller” is the best-selling album of all time, selling 70 million copies worldwide.
Which product has more demand in market?
Toyota Corolla.
By far the product with the highest growth rate and the largest market share within e-commerce is clothing. With abundant choices like menswear, womenswear, baby and kids clothing, fashion accessories and more, it is indeed a lucrative market to enter.
