article thumbnail

Retail Trends in 2021 — Overcoming 2020’s Challenges

Retail TouchPoints

In the past, retailers blamed upstream suppliers for lapses, but no more. CSR accountability will be a point of competitive differentiation and a matter of law. CSR is not something they do, it’s who they are. What was once a black box is now expected to be a clear one. 6210 – Uyghur Forced Labor Prevention Act.).

article thumbnail

‘The Best Vision Is Insight’ — The Top Retail Trends Of 2020

Retail TouchPoints

A single data breach in the retail industry typically costs more than $1.84 Those figures don’t even account for the costs associated with negative brand perception and increased regulatory scrutiny. million globally, according to IBM and the Ponemon Institute, and upwards of two times that in the US.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What retailers need to know about Vietnam’s potential and challenges for 2025

Inside Retail

Meanwhile, cities such as Ho Chi Minh City and Hanoi are seeing continued investment in shopping malls and mixed-use developments, providing more opportunities for international retailers. According to Savills, shopping malls continue to dominate Vietnams retail landscape, accounting for 63 per cent of total retail space supply.

article thumbnail

Retail Consumer Behavior Patterns and Shifting Dynamics: The Future of Retail & Retail Trends

RETAIL MANAGEMENT SOFTWARE

The Retail market landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. Here Are The Ten Emerging Retail Trends We Predict For 2022.

article thumbnail

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

Retail TouchPoints

Two years later, as consumers adapted to shutdowns designed to stem the spread of COVID-19, EY recognized that the speed of consumer transformation had greatly accelerated and that new research was needed, explained Jeff Orschell, EY’s Americas Retail Leader and Global Account Leader, in an interview with Retail TouchPoints.

Consumer 279
article thumbnail

5 Ways to Navigate the CPG Industry’s New D2C Landscape

Retail TouchPoints

It has accelerated retail trends, especially the surge of online shopping and the waning of physical retail. COVID-19 has changed our behaviors, including the way we make purchases. An Astound Commerce survey conducted in May found that 60% of consumers made online purchases weekly or more often since the onset of the pandemic.

Shipping 306
article thumbnail

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.