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
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
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For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
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Why cinemas, wellness sanctuaries and cultural districts are becoming emotional infrastructure for
From bullion to boutiques, investment to immersion, Dubai Gold District marks a
NRF Vice President of Education Strategy Susan Reda forecasts 2025’s retail trends
The Dubai Duty Free (DDF) has recorded sales of $1.94 billion up
Saudi Arabia’s retail sector is rapidly transforming under Vision 2030. E-commerce, brick-and-mortar
At the heart of retail lies the consumer, Deloitte pointed out while
The GCC retail industry is projected to grow at a compound annual
In what comes as a significant announcement, Middle East based eyewear majors
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