The ‘future’ – a word that perhaps doesn’t sit too comfortably in retail at the moment.
For so many retail brands, the future looks extremely uncertain, and for many others, any future is likely to take a drastically different form to the past, bringing with it the need for radical overhauls in business models.
But perhaps the raft of challenges affecting the sector recently also present an opportunity to take stock in terms of re-thinking the fundamentals of the classic retail business model, and challenging what have become ‘accepted norms’, to explore new channels and new approaches.
Of course, at the heart of everything must be the consumer.
Credit Essential Retail.com