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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

In 2018, Ernst & Young (EY) launched an ambitious project called FutureConsumer.Now , to model scenarios that would challenge present thinking about future consumers. RTP: The Future Consumer Index also identifies some retail trends. Which retail trends identified in the Future Consumer Index do you think are most pertinent?

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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

They’re the essential expenses that effectively set the table for conducting any retail business. And, according to KPMG’s 2018 Retail Trends Report , they account for up to 14% of the retailer’s overall cost of doing business.

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The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive

Indigo 9 Digital

Fast forward less than two decades later to 2018 when Sears was in so much financial hardship with declining sales and profits as well as mounting debt it filed for bankruptcy. Most mid-priced retailers like Sears or JCPenney or Gap are struggling not just because of poor assortments but due to consumer economics. A lack of focus.

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8 Things You Need to Know About Block (Formerly Known as Square)

Indigo 9 Digital

Cash App started allowing users to make purchases in Bitcoin in 2018, making Cash App one the first mainstream payment apps to do so. In 2021 $10 billion worth of Bitcoin transactions flowed through Cash App and more than 10 million Cash App users have used the app to buy Bitcoin since 2018.

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Differentiation by Certification: Understanding 7 Popular CPG Certifications

Rangeme

Unlike creating your own product attribute logo and slapping it on your packaging, obtaining official certifications from respected organizations creates transparency between you and your customers, builds trust, accountability, community engagement, and the opportunity for consumer education.

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Cheers! Vegans Can Enjoy a Tipple With New Plant-Based Alcoholic Beverages

Rangeme

In 2018, Guinness stopped filtering through isinglass (fish bladder), which it had been doing for more than 250 years. But other recently launched brands cater to the trend of vegan beverages. Drake’s Organic Spirits debuted in 2018 and offers ultra-premium rum, vodka, “boxtails” including a mojito and a margarita version, plus mixers.

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Oatly’s Strategy, 5 Reasons it Has Taken Off

Indigo 9 Digital

By all accounts Oatly is an overnight success. Its oat milk landed in coffee shops in the United States in 2016 and by 2018 its was so popular there were shortages of it across the United States. If you do subscribe to our retail trends newsletter to get the latest retail insights & trends delivered to your inbox 4.