Brexit uncertainty had caused spending growth to slow in 2019 and the industry faced large-scale business restructuring with 85,000 jobs lost, a third of FTSE 350 CEOs changing and 9,169 store closures. Several large retailers saw significant increases in both e … in Industry News Our team of retail experts track the latest industry trends, deliver and analyse key news, and visit retailers and their stores around the world to provide you with commercial insights that will help you build stronger plans and work more effectively day-to-day. Getty Images. Why don’t you connect with Bernard on Twitter (@bernardmarr), LinkedIn (https://uk.linkedin.com/in/bernardmarr) or instagram (bernard.marr)? If you would like to learn more about technology trends, then have a look at my new books: Tech Trends in Practice: The 25 Technologies That Are Driving The 4th Industrial Revolution and The Intelligence Revolution: Transforming Your Business With AI. Five New Year’s Resolutions For Cryptocurrency, The Top 5 Consumer Technology Trends From CES 2021, How Startup ThreeFlow Is Transforming How Benefits Are Sold Using Machine Learning, Dilemma of Customers’ Increased Productivity or Service Providers’ Profitability. However, technology is now ushering in a new age of mass-personalization, allowing this to be carried out at scale across a growing range of goods and services. Retail Today is your destination for the latest news, issues and trends shaping retail industry Bicycle Child Seats +100% 4. Check … TradeDepot, the B2B e-commerce platform for consumer goods in Africa, has today released new insights from its market data that highlights the trends that will shape Nigeria’s retail sector in 2021.. Bricks and mortar stores have adopted elements of the online experience to encourage us to continue visiting them, and also played to the strengths that in-person experiences can offer, such as more personal levels of service. Search Sign in to comment! The shares of Future Retail surged more than 5 per cent post the verdict given by Delhi High court on the ongoing tiff between RIL and Future Group on … To stay ahead, retailers need to know the hot trends for 2021. The top ten trending categories in Australia over the last month have been: 1. The trend started with megastars like Kim Kardashian but has increasingly trickled down into niche markets served by micro-influencers. We look into the food and drink trends making an impression on the UK’s largest supermarkets. Retail sales volume was higher in 2019 than ever before — and it will only continue trending upward as the entire experience becomes more streamlined and frictionless for customers. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services A New Market Study, titled “Retail Chocolate Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports. 5 Retail Trends to Watch in 2020 The new year presents new opportunities for retailers. In eCommerce, analysts have differing views on the outcome of Amazon Prime Day, with some saying the tea leaves point to another record haul and others saying there’s room for an argument […] These are the five trends they saw in their crystal balls. Increasingly, brands are able to cut out the middle man and sell directly to the consumers who follow and engage with these online taste-makers. Though switching to online ordering and deliveries reduces the likelihood of coming into contact with people carrying viruses, there's still a fear of contamination caused by poor hygiene at order fulfillment centers or delivery networks. Patio Heaters +200% 2. Discover the latest and breaking Retail news from The Wall Street Journal. By using this website you are consenting to the use of cookies. Get hard-to-find insights & advice on Restaurant. Trending News: Labor Management System in Retail Market Growth, Size, Analysis and Trends to 2025| TZA, Highjump, Infor Post author By Report Hive Research Post date September 11, 2020 IGD expects retailers to be digitally enhancing operations in 2021 by introducing technologies that have a low capital investment and are easy to update, and to form partnerships with third-party technology providers to speed up new tech introduction. AI increasingly customer-facing across the retail industry. According to TradeDepot, the impact of the pandemic, rising inflation, border closures and other issues drove significant changes in behaviour for retailers, distributors and manufacturers in 2020. But the coronavirus pandemic has affected the way every trend will play out in 2021, and offline retail has been hit particularly hard. Back in January 2020, we talked about how Retail was changing at an unprecedented speed. There will be a greater focus from shoppers on hygiene and sanitation products and retailers and brands trying to differentiate themselves by helping shoppers and consumers live healthier lives. Retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed on Tuesday. Vegan food Plant-based eating has gone mainstream, and it’s clear from the investments that the UK’s largest retailers have made into vegan product development and … UK Politics. Highlighting changes in shopping habits, subscription services and in-store displays, this category is helping to keep a pulse on everything retail and business related. Trending News: Food and Grocery Retail Market Research Report 2020-2025: Walmart, Costco Wholesale Corporation, 7-Eleven Posted On: July 21, 2020 Posted By: [email protected] The research organisation also expects retailers to escalate ecommerce, encouraging shoppers towards click-and-collect, and assessing the options for rapid delivery. Retail inflation based on the Consumer Price Index (CPI) was 6.93% in November. Scottish government votes to protect shopworkers, Community recognises One Stop franchisee as community hero, Bill to delay business rates revaluation progresses, UKVIA calls for click-and-collect reprieve in Scotland, Suntory Beverage & Food reveals soft drinks opportunities, Government must do more to protect shopworkers, says ACS, Defra plans to fast-track supermarket lorries during port disruption, Ask the Supplier: Driving confectionery in the festive run-up, Ask the Supplier: Making the most of the tobacco-free nicotine pouch market. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. NBC rolled out technology that allows app users to be notified when products they see on screen are available for direct purchase. Again, several trends will be involved here, including AI, to manage logistics and routing. Driving online profitability, creating safe shopping spaces, and bringing the out-of-home experience in-home are among the key trends expected to shape retail in 2021, research organisation IGD predicts. Trend 1: COVID-19, for the most part, has put physical retailing on At the same time, the challenges related to COVID-19 are pause. Pickard added: “When planning for 2021, companies should consider the two main variable factors from the pandemic: the potential path of the virus (from a relatively manageable virus to multiple outbreaks with lockdowns) and performance of the economy (from an economic performance that quickly recovers to a hard-hit economy slow to rebuild).”, Tagged with: convenience stores ecommerce health home deliveries IDG sustainability. RealWealthBusiness is a leading source of reliable news and trending topics on Retail. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features AI-powered voice recognition technology has improved to the point where it can truly be used to add value both in-store and via e-commerce apps. Connecting these technologies is enabling retailers to bring the convenience of online shopping to offline shops and stores, and the richly interactive environment of offline shopping to the world of e-commerce. Bernard Marr is an internationally best-selling author, popular keynote speaker, futurist, and a strategic business & technology advisor to governments and companies. Our experts at SPAR are always checking the news – here are some of the most interesting retail news … Beauty product retailer Sephora collects information on customer preferences via an app as they explore and rate products online, and makes them available to sales staff when they visit a store in person. The Best CRM Systems Of 2020 According To Companies Using Them, 76% Of Enterprises Prioritize AI & Machine Learning In 2021 IT Budgets, How Data And AI Can Help Create A Mobility Renaissance, Amazon To Let Automakers Use Alexa Assistant For Cars. Consumer News - MarketWatch offers reports on the latest retail industry trends and consumer information. Adobe Stock. ... Mit unseren News bleiben Sie am Puls der Zeit! Die Retail-Trends 2021 • Next Safe Service - Für mehr Sicherheit Retailer übernehmen Verantwortung für die Sicherheit ihrer Kundinnen und Kunden sowie ihrer Mitarbeiter und Mitarbeiterinnen. Retailers have long encouraged bloggers and influencers to earn money by sharing affiliate links, and advertise via product placement. World News TV Newsbeat Long Reads BBC Trending The BBC bureau on the internet. -- FCA Canada closed the 2020 calendar year with its fourth quarter retail sales up from the previous year, despite unprecedented … Find the latest news, headlines, blogs and video about retail, consumers, shopping and retail companies from CNBC.com. Here are my predictions on how the world of retail will continue to change over the course of 2021 as the pandemic and other factors continue to influence our habits. Business. Some argue that you shouldn’t sell trending products, or … B&M Bargains boss pays himself £30m after bumper lockdown sales. For those that survive and thrive post 2020, technology will be at the heart of all parts of the business. The latest breaking news, ... retail. By csparr February 19, 2020 No Comments In the world of retail, news stories come out so often and so fast that even a retail expert might have difficulty keeping up. Check with your location before you head out. Since online shopping became a reality, retail has become increasingly digital and internet-driven. While this pandemic continues, retailers are using tech-driven solutions to allow customers to virtually try out clothing and makeup, reducing contact between shoppers and in-store items. According to analysts at McKinsey, initiatives like this typically reduce marketing costs by around 20%. How to apply for Rishi Sunak’s £9,000 business grant. 1 Happy Holidays! At the other end of the spectrum is the trend of smaller start-ups and cottage enterprises opening pop-ups, concessions, and collaborations with bigger brands. With so many of us stuck at home and retailers unable to find new customers by enticing us to walk into their stores, more resources will be focused on growing customer numbers with AI marketing outreach. Just as it is becoming increasingly common to use our voices to control our devices or search the internet, we will increasingly use them to get information and make purchases, and retailers will adapt their infrastructure to fit these changing habits. >> Read more trending news Below are New Year’s Day store hours for some retailers, grocery stores and drug stores. Zusätzlich informiert retail über die aktuellen Projekte und Veranstaltungen des Handelsverbands. Trends in retail sectors for 2021. 1. Watch TODAY All Day! Ask the supplier: How to make the most of crisps and snacks? Over the next year, autonomous delivery initiatives are likely to remain focused on “last mile" solutions, employing self-driving vehicles and airborne drones for trips between fulfillment centers and consumers’ homes. IDG also predicts retailers will creating inspiring meal solutions for all occasions and will seek to capture shopper spend that was previously taking place out of home. Press release - HTF Market Intelligence Consulting Pvt. Reporting on what's being shared and asking why it matters. Global retail trends 2020. Looking forward to a new year, ... We asked analysts for their predictions for how retail and ecommerce will change in 2021. As experts in retail merchandising, we are proud to use our expertise to provide merchandising solutions , assembly & installation services , new store sets & remodels , and programmatic services , all aimed at bringing success to your store. Man Wah raises $2.38b in new share sales Office leasing down in Q4, expansion demand to remain thin: CBRE Employees want workplace flexibility options in 2021: Cisco survey This convergence means offline and online retail both benefit from advances in technology and changing patterns of behavior. Likewise, while robots have been hanging out in warehouses and stock rooms for a while, assisting with inventory management, in 2021, we can expect to see them taking to the shop floor too. You may opt-out by. Newer developments have seen this technology moving from back-of-house to front-of-house, with customer-facing initiatives such as chatbots and virtual assistants. For an optimal experience visit our site on another browser. We’re looking at the latest in US retail and e-commerce news, innovations and insight over the first quarter of 2016. retail ist das offizielle Medium des Handelsverbands.Fachjournalisten und Experten berichten im Magazin über News und Trends im Handel, in Österreich sowie im Ausland. Below you will find tips and advice about retail business trends, retail sales, shop ideas, retail store displays, online eCommerce sales and more. This is used to work out whether their best customers are likely to be spending their time on Facebook, Netflix, or taking part in Zoom calls, and assigning advertising budgets accordingly. The key companies in the retail sector in Mexico, … This has led to widespread job losses and famous names disappearing from shopping centers around the world. At the same time, AR will be deployed by offline retailers to allow customers to access information about products they find on the shelves. Walmart’s CEO of U.S. E-Commerce Marc Lore Announces Retirement Another exercise in cutting out the middle man of the traditional retailer is seen in experiments with shoppable TV. Back in January 2020, we talked about how Retail was changing at an unprecedented speed. This actionable product placement means customers can interact and make purchases directly from TV advertising, but we can also expect to see it rolled out through sports coverage and entertainment TV, as brands look for new ways to engage with their digital audience. Retail is changing at an unprecedented speed, and with it come big challenges and opportunities. By Anna Meyer @annavmeyer. No shortage of new developments, so let’s open the doors. Opinions expressed by Forbes Contributors are their own. Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Retail CIO Outlook I agree We use cookies on this website to enhance your user experience. VR environments will increasingly be used by online retailers to provide immersive, feature-rich shopping experiences. Gelsinger Waves Farewell – Can VMware Navigate The Course Ahead? Cannabis News Business Retailing & Merchandising Growing & Horticulture Legal & Politics Finance & Acquisitions Marketing & Promotion Human Resources Science & Technology Manufacturing Health & Wellness Products Read the breaking Retail coverage and top headlines on Forbes.com Well-heeled shoppers are used to receiving personal attention when shopping at high-end stores, and personalizing their high-value purchases such as cars, bespoke clothing, and jewelry. Retail inflation based on the Consumer Price Index (CPI) was 6.93% in November. Retail inflation fell sharply to 4.59% in December, mainly due to declining food prices, government data showed on Tuesday. Dow, S&P 500, Nasdaq end at record highs as Trump signs COVID aid package Ltd. - Retail Banking IT Spending Market: The Latest Trends | Infosys, Fujitsu, Accenture - published on openPR.com Walmart's business in the world's fifth-largest economy is one of the worst-hit by the global COVID-19 pandemic. Possessing the best management software is not a guarantee you will finish your He. At their most sophisticated, this trend includes initiatives such as Amazon's famous cashier-less stores opening in the US, as well as Walmart's experiments with allowing customers to order and pay in-store and have goods delivered to their homes. By Liz Wells Today’s new reality simply means retailers have to re-order their roadmaps to accelerate processes that align with these new requirements. Voulez-Vous Parler Social Networks’ Content Moderation Policies? 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