It is good news for the retail industry as lockdown measures are starting to ease, with non-essential shops including high street shops, department stores and shopping centres given the go-ahead to reopen on the 15th June providing they are covid-secure. As retailers prepare to reopen, they need to evaluate what they have learnt from the[…]
As our circumstances change daily, we truly find ourselves in uncharted territory. At a time where the future is uncertain, we have time to reflect on our businesses, our home life and society at large. Understanding retail I have found myself reflecting and drawing on past experiences to plan and project for the future. I[…]
The challenges presented by the coronavirus COVID-19 pandemic are unprecedented, there is no denying it is a period of turmoil for almost every business, including the retail industry. From disruptions to deliveries to store closures, the threat to retail can’t be ignored. Yet although this may paint a relatively bleak picture for the future of[…]
Is 5G changing the way we pay? 5G is set to power the next generation of internet connectivity and eCommerce, so retailers need to pay attention. Payment options are endless from digital wallets to biometrics and many consumers believe they would replace their bank card with their mobile phone entirely within 5 years. 5G is[…]
Brick and mortar is still breathing: its survival is just a case of reinvention to stay competitive in the evolving workplace. Integrating brick-and-mortar with digital ordering and distribution platforms have been shown as successful in the restaurant industry with applications such as Uber Eats and Deliveroo, so does the retail sector need to follow suit?[…]
The “returns epidemic” comes at a big cost. Sites such as Amazon and ASOS offering quick, easy and free returns have given rise to returns by the shed load and the serial returner who have come to expect this convenience from every retailer. Social media has created a culture of “wardrobing” and “snap and send[…]
Long-term luxury for retail: millennials are buying less and buying better. The switch to luxury has been driven by the growing middle-class as well as a preference for sustainability. Consumer appetite has also been driven by the emergence of new luxury experiences, athleisure, streetwear and prestige skincare, highlighting the change in consumer habits and the[…]
Roaring 20’s and retail: what trends do we expect from retail this decade? Sustainability isn’t going anywhere in 2020, with retailers who reduce their carbon footprint standing out from the competition. Like the 2010’s, technology will continue to be a factor in which brick-and-mortar stores really stand out – Adidas’ London Flagship store, with its[…]
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