The next decade is seen as the golden age of the consumer, with shoppers spoilt for choices with products and services – often personalised to their needs and wants. On the whole, it’s all about making the retail experience inspirational, stirring, effortless and convenient to fulfil the consumer’s ever-changing needs.
The evolution in consumer demand, combined with transformative technological innovations, will continue to drive fundamental changes. Analysts predict these transformations will cause the retail landscape to change more in the next decade than it has in the past four.
The most debated hot topics of e-commerce is certain to dominate the next decade with penetration growing from approximately 10% today to more than 40% in 2026. Some product categories are likely to register higher rates of penetration of 50% or more, while others may not exceed 20%. Despite growth in e-commerce, the physical store will continue to be the channel that contributes the most revenue for the majority of the leading multichannel retailers until at least 2026.
PricewaterhouseCoopers (PwC) in its 2017 Retail Industry Trends report highlights some of the major trends that will shape the future retail industry trends.
RetailME published excerpts of the report in the July-August edition
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Carrefour, which is owned and operated by Majid Al Futtaim in the
British grocer Waitrose has opened its newest store in Abu Dhabi’s Khalifa
UAE-based Al Maya Supermarkets has kicked off its ‘Netherlands Food Week’ that
British grocery retail chain Tesco has announced a price lock on over
Dubai-based grocery retailer Union Coop has successfully obtained the ISO 22301, an
Spanish omnichannel supermarket chain Mercadona has announced salary increase amid inflation that
Grocery retail chain Choithrams will open eight convenience stores across Rove Hotels’
Part of regional retail conglomerate GMG, Géant plans to open more than
Online share in FMCG sales has been growing all over the world,
Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle
UAE-based diversified conglomerate GMG and Silal have signed a memorandum of understanding
Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon
Panda Retail Company yesterday held its first annual event for suppliers: “PACE”
Majid Al Futtaim, a leader in fashion, shopping mall, communities, and leisure
The National Retail Federation and Comexposium Group, one of the leading event organisers
The metaverse will fundamentally disrupt the retail ecosystem and take personalisation from
Consumers spent $1.14 trillion online globally and $270 billion in the US
120 billion new garments are made every year…of which 30% are worn
In January 2020 the share of contactless transactions in the UAE was
It’s estimated that 2 in 5 younger consumers make regular impulse purchases.
On January 1, 2023, the Government of Dubai announced the scrapping of
With numerous COVID-19 lockdowns and restrictions in China dampening consumer confidence and
As we head towards the end of another eventful year, here’s a