Shaping the future retail trends


July 10, 2017 | By RetailME Bureau

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

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /


Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau
Koita

Homegrown, organic and plant milk company, Koita has announced its expansion into 

Continue Reading

December 9, 2020 | By RetailME Bureau
Middle East's vegan revolution

Today’s on-demand streaming services are ripe with docu-series and explainer videos on 

Continue Reading

December 3, 2020 | By Shruthi Nair




Download Images RetailME Magazine