4 Trends That Will Shape Retail
So, we’re well and truly into the new year now and just as the pains and challenges of the Covid pandemic are starting to fade gradually, we’re now stuck looking for ways to deal with a whole new set of challenges in the form of a cost of living crisis and the fact that the UK economy is now officially in a recession.
It all may sound a bit bleak, but in episode 128 of The Resilient Retail Game Plan, I want to use my in-depth research and share with you the conversations I’ve been having with a variety of experts – from business consultants to trend forecasters – to cover and explain the major industry trends that will shape retail this year.
In today’s episode, we’ll look at the steadfastness of gift-giving during periods of low consumer confidence and study the rising popularity of the resale and second-hand markets. We’ll also discuss and break down the post-pandemic shifts in e-commerce and channel diversification, as well taking a look at how retail relationships are shifting from brands and customers to individuals and fans.
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