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Now the store is viewed as a flexible asset, capable of fulfilling a variety of needs: Distribution center supplying inventory to other locations Ecommerce fulfillment Amazon return hub Curbside pickup Private bubble/pod shopping location Retooled for more buying, less shopping Emphasis on health and safety, contactless shopping.
Earlier this year, we released a report, titled “The Best Vision is Insight,” outlining our predictions for the top retailtrends of 2020. Now, the newfound immediacy of the trends has, if anything, made them more insightful. And the backlash — the desire for a return to substantive human interactions — had already begun too.
Analyzing the holiday retailtrends of 2023 can illuminate the path forward for brands and retailers and clarify the steps they need to take to stay competitive. With this knowledge, brands and retailers can tailor their future strategies to align with consumer behavior and preferences.
Retail is one of the most highly competitive sectors in the business world* – it’s a tough environment, with constant industry changes. Retailtrends show that every year increasing numbers of retailers shut their doors for the last time**, impacting hundreds of stores and thousands of employees.
Sustainability as a Competitive Advantage By building eco-friendly supplychains and prioritising local sourcing, retailers can minimise emissions and waste, cut transportation costs and boost their brand reputation. Download our eBook: Top 5 RetailTrends Shaping The Future of Commerce in 2025.
Retailers nowadays have to offer a compelling reason for people to come to their point of sales. The mere idea of a near-by convenience store may no longer be as attractive as it used to be five or ten years ago according to a recent report on disruptive retailtrends by Deloitte.
Unsurprisingly, customers facing unexpected charges upon delivery are often refusing to accept deliveries of products, and this is causing 30% of orders to be returned , according to Statista data. If there has been one retailtrend that has proliferated over the past year, it has been the surge in online shopping.
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