We spoke to 150 C-suite individuals from leading retail organisations in the UK to understand what the ‘Future of Retail’ looks like.
The DWF & Raconteur ‘Future of Retail’ report combines DWF's legal expertise with insights from some of the UK's top retailers. Essential reading for everyone involved in delivering growth in retail.
Don't forget to come back as more topics will be added soon from our experts.
International expansion is central to many retailers’ futures, with a focus on a low-cost, low-risk e-commerce strategy.
The savvy retailer will use customer data to their advantage, but businesses are increasingly wary of the dangers of data breaches.
Our clients are telling us that they are focused on delivering value and quality in an evolving omnichannel world. We know that technology has a huge part to play in the future, but we wanted to understand if retailers saw this as a driver for growth or whether other areas would be influencing change.
Did you catch our last blog post on becoming omnichannel? It details the key changes in bricks & mortar vs e-commerce vs m-commerce we’re expecting to see in the next 5 years and what retailers’ customers top demands are.<
There is no escaping omnichannel. It is at the forefront of retailers’ minds as it continues to drive the majority of sales growth.
Data shows % of respondents who considered demands to be in top 2:
We have identified three key business areas affected by Brexit, to help you proof your business:
i.) Labour, people and employment;
ii.) Tariffs and customs barriers to the movement of goods;
iii.) Non-tariff barriers and regulatory issues that will affect future trade flows, both in goods and services.
The food sector has always been susceptible to unpredictability and is fiercely contested. It is a sector where a company’s performance can fluctuate wildly based on various external influences. A one-off food scare, a change in strategy by a retail client or even Brexit can all have dramatic impacts on the bottom-line.