The retail industry is going through a remarkable transformation - in part due to technology as well as cultural and social shifts.
In this episode of CERCONOMY, Alissa DeJonge, AdvanceCT's Vice President of Research, and Rachel Gretencord, AdvanceCT's Financial and Research Analyst, sit down to discuss the changes occurring in the retail marketplace, and what retailers need to do in order to survive - including establishing destinations where shoppers want to go and spend time - creating authentic experiences.
Businesses provide numerous benefits to an economy in the form of products and services for use by society, tax revenues to governments, payroll to employees, and innovations, among others. Businesses range in type from sole proprietors to multi-national conglomerates.
From 2015 through 2017, more than 10,000 New Englanders died from opioid overdoses. To better understand the factors behind the epidemic and the extent to which the crisis affects the region, a recent report by the New England Public Policy Center of the Federal Reserve Bank of Boston investigates the relationships between opioid abuse and various economic indicators in New England counties over the last two decades.
Alissa DeJonge, AdvanceCT’s Vice President of Research welcomes Dr. Jeffrey Thompson, the Director of the New England Public Policy Center at the Federal Reserve Bank of Boston to discuss the findings in the latest research reported in, “The Growing Shortage of Affordable Housing for the Extremely Low Income in Massachusetts.”
With the 2019 Travelers Championship kicking off tournament play today, AdvanceCT’s Vice President of Research, Alissa DeJonge, welcomes guest Nathan Grube, the Tournament Director, to uncover interesting facts and statistics about Connecticut’s largest sporting event.
Now that schools around the state are finishing up the academic year and the first day of summer is tomorrow, it’s time to think about recreation and outdoor fun. However, every activity that we enjoy also has an effect on the economy. From movies to museums, and from beaches to boutiques, every purchase we make is a bonus to the tourism industry.
In this episode, Alissa DeJonge, Vice President of Research is joined by Mia Ying, AdvanceCT's Research Analyst to share recent research conducted on the Northeast states for a presentation given at the Merge Conference held by the Society for Marketing Professional Services.
In this episode, Alissa DeJonge and Courtney Hendricson sit down to share highlights from the recent workshop that they led, hosted by the Connecticut Conference of Municipalities, on how global and national trends are affecting Connecticut’s economy and real estate markets, and how uncertainty has implications for businesses and residents.
The retail industry has gone through a substantial transformation over the past decade, and it continues to evolve. Brick and mortar stores still dominate retail sales transactions. However, they are under siege from online competition, causing them to adopt strategies that involve creating unique customer experiences and making customer purchases easier. At the same time, the online threat is evolving; online stores are also working to increase market share, improve the customer experience, and increase profitability. Online retailers are looking for ways to offer more personalized assistance to shoppers, as a way to increase sales, and also decrease the amount of returns.