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Despite a muted outlook for 2024, the Retail Think Tank outlines …
WEBDec 22, 2023 · While the retail sector outlook for 2024 is expected to be muted, hampered by ongoing macroeconomic challenges, weakened consumer demand and low economic growth prospects, retailers mustn’t let stagnation stifle innovation and future opportunities, the KPMG/RetailNext Retail Think Tank (RTT), an independent board of retail experts, warns. With the UK economy set to tread water in 2024, the ...
UK retail challenges for 2024: Predyktable reveals nine pivotal ...
WEBNov 20, 2023 · In an exclusive series of interviews with top-tier executives in the UK retail sector, Predyktable reveals nine pivotal challenges and strategic priorities
Number of UK retail companies on the rise, with 14% increase in …
WEBMar 20, 2023 · The number of retail businesses in the UK has risen by 14% in the last five years – resulting in an additional 27,445 new companies in the sector. From 2021 to 2022 alone, over 3,560 new retail businesses joined the industry. The findings were collated by Business Name Generator, using data from the Office of National Statistics’ report on ...
RPC releases Retail Compass report examining sustainability …
WEB2 days ago · The Competition and Markets Authority’s (CMA) Green Claims Code along with Europe’s Green Claims Directive presents a real impact for retailers and brands, with potential fines of 4% annual turnover for businesses guilty of greenwashing as the CMA has predicted that 53% of claims in marketing today are misleading or potentially greenwash.
Reawakening retail: how independent retailer Philip Morris & Son …
WEBAug 30, 2024 · A survey by Visa found that 54% of UK consumers prioritise shopping at their local stores to support their community, creating an opportunity for the smaller retailers to prosper. A good example of showing resilience in retail, is Hereford-based Philip Morris & Son, which next year will be celebrating its 180th year in business.
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Retail media and improvements in efficiency are top global retail …
WEBFebruary 14, 2024. Reading Time: 3 mins read. Retail media and improvements in efficiency are among the highly anticipated global retail trend predictions from international insight provider IGD. In the newly released report, IGD’s team of global insight leaders outline five trends that are set to shape the retail market in 2024 and beyond.
Small retailers make investment in tech a top priority for 2024, …
WEBJan 2, 2024 · The UK’s small retailers plan to invest in new technology in the year ahead as part of strategies to drive business growth and improve customer experience, according to the latest research from American Express.