These are the five trends they saw in their crystal balls. In addition, IGD expects retailers to focus on sustainability, with continued implementation globally of initiatives to reduce plastic and food waste. Consumer News - MarketWatch offers reports on the latest retail industry trends and consumer information. While this pandemic continues, retailers are using tech-driven solutions to allow customers to virtually try out clothing and makeup, reducing contact between shoppers and in-store items. All Rights Reserved, This is a BETA experience. Possessing the best management software is not a guarantee you will finish your Toby Pickard, head of innovation and futures at IGD, said: “As the pandemic continues to create challenges for social interaction and people continue to work from home, we expect retailers to focus on inspiring meal solutions for all occasions throughout the day and week. AI-powered voice recognition technology has improved to the point where it can truly be used to add value both in-store and via e-commerce apps. Beauty product retailer Sephora collects information on customer preferences via an app as they explore and rate products online, and makes them available to sales staff when they visit a store in person. The 5 Biggest Retail Trends In 2021. Trend 1: COVID-19, for the most part, has put physical retailing on At the same time, the challenges related to COVID-19 are pause. NBC rolled out technology that allows app users to be notified when products they see on screen are available for direct purchase. But the coronavirus pandemic has affected the way every trend will play out in 2021, and offline retail has been hit particularly hard. This has led to widespread job losses and famous names disappearing from shopping centers around the world. The shares of Future Retail surged more than 5 per cent post the verdict given by Delhi High court on the ongoing tiff between RIL and Future Group on … But the coronavirus pandemic has affected the way every trend will play out in 2021, and offline retail has been hit particularly hard. Omnichannel - Offline is online, online is offline. This one's been on the horizon for a while, but with the pandemic-driven changes, we're making to our behavior this year, we're likely to see ideas such as self-driving delivery vehicles and drone delivery really coming to life. How to keep sales going after the Christmas rush, Bestway extends Co-op agreement for Costcutter retailers, Treasury introduces £4.6bn in new lockdown grants, Gordon’s taps into consumer behaviour with alcohol-free spirit, Shopworkers could be prioritised in Covid vaccination programme, Frozen grocery sales finish 2020 on a high, figures reveal, Editor’s comment: Keeping up the pressure, Viewpoint: Make staff a priority for vaccine roll-out, Retailer profile: Premier Heyside, Oldham. Brands, including Body Shop, have successfully co-opted the direct sales model pioneered by the likes of Avon, creating networks of micro-influencers often selling to friends and family. Business. Bicycle Child Seats +100% 4. Looking forward to a new year, ... We asked analysts for their predictions for how retail and ecommerce will change in 2021. Buy online, pick-up in-store (known as BOPIS) has become a crucial way for many stores to continue to do business. Key Financials The company reported consolidated net sales of Rs 5193.19 crore for the quarter ended 31-Dec-2019, down 4.7 per cent from previous quarter's Rs 5449.06 crore and down 3.26 per cent from the year-ago quarter's Rs 5368.46 crore. Below you will find tips and advice about retail business trends, retail sales, shop ideas, retail store displays, online eCommerce sales and more. Trending News: Food and Grocery Retail Market Research Report 2020-2025: Walmart, Costco Wholesale Corporation, 7-Eleven Posted On: July 21, 2020 Posted By: [email protected] Highlighting changes in shopping habits, subscription services and in-store displays, this category is helping to keep a pulse on everything retail and business related. Getty Images. TradeDepot, the B2B e-commerce platform for consumer goods in Africa, has today released new insights from its market data that highlights the trends that will shape Nigeria’s retail sector in 2021.. >> Read more trending news Below are New Year’s Day store hours for some retailers, grocery stores and drug stores. Melden Sie sich jetzt für unseren gratis Newsletter an. Connecting these technologies is enabling retailers to bring the convenience of online shopping to offline shops and stores, and the richly interactive environment of offline shopping to the world of e-commerce. Walmart's business in the world's fifth-largest economy is one of the worst-hit by the global COVID-19 pandemic. The research organisation also expects retailers to escalate ecommerce, encouraging shoppers towards click-and-collect, and assessing the options for rapid delivery. Driving online profitability, creating safe shopping spaces, and bringing the out-of-home experience in-home are among the key trends expected to shape retail in 2021, research organisation IGD predicts. Search Sign in to comment! Though switching to online ordering and deliveries reduces the likelihood of coming into contact with people carrying viruses, there's still a fear of contamination caused by poor hygiene at order fulfillment centers or delivery networks. We look into the food and drink trends making an impression on the UK’s largest supermarkets. IGD expects retailers to be digitally enhancing operations in 2021 by introducing technologies that have a low capital investment and are easy to update, and to form partnerships with third-party technology providers to speed up new tech introduction. Forbes is a leading source for reliable news and updated analysis on Retail. ^ Trends in Pop-up Retail ^ New: Order and Pay for Online Items in Stores in One Seamless Transaction ^ E-tailers are set to open hundreds of physical stores in the next 5 years ^ Retailer of the Year: Target ^ New Poll Reveals Why Americans Patronize Pop-Up Stores ^ Thinking inside the subscription box: New research on e-commerce consumers Hours can vary by location. Consumer News - MarketWatch offers reports on the latest retail industry trends and consumer information. Total market cap of the Future Retail Ltd. stood at Rs 6034.71 crore at the time of writing this report. By csparr February 19, 2020 No Comments In the world of retail, news stories come out so often and so fast that even a retail expert might have difficulty keeping up. Hours can vary by location. You don’t want to miss industry insider Justin Honaman’s 8th annual look at the top retail tech trends to watch in the New Year. Back in January 2020, we talked about how Retail was changing at an unprecedented speed. Our experts at SPAR are always checking the news – here are some of the most interesting retail news … This is used to work out whether their best customers are likely to be spending their time on Facebook, Netflix, or taking part in Zoom calls, and assigning advertising budgets accordingly. Breaking news headlines about Retail News, linking to 1,000s of sources around the world, on NewsNow: the one-stop shop for breaking news Trending news, interviews, photos and videos from TODAY IE 11 is not supported. Dow, S&P 500, Nasdaq end at record highs as Trump signs COVID aid package in Industry News Get hard-to-find insights and advice on Retail. Retail Analysis is your window on the world of retail, providing insights on retailers, countries, stores and trends. Zusätzlich informiert retail über die aktuellen Projekte und Veranstaltungen des Handelsverbands. Voulez-Vous Parler Social Networks’ Content Moderation Policies? However, technology is now ushering in a new age of mass-personalization, allowing this to be carried out at scale across a growing range of goods and services. Newer developments have seen this technology moving from back-of-house to front-of-house, with customer-facing initiatives such as chatbots and virtual assistants. The trend started with megastars like Kim Kardashian but has increasingly trickled down into niche markets served by micro-influencers. Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Retail CIO Outlook I agree We use cookies on this website to enhance your user experience. Again, several trends will be involved here, including AI, to manage logistics and routing. Follow the popular trending news, topics, and video on Fox News. -- FCA Canada closed the 2020 calendar year with its fourth quarter retail sales up from the previous year, despite unprecedented … Bernard Marr is an internationally best-selling author, popular keynote speaker, futurist, and a strategic business & technology advisor to governments and companies. RealWealthBusiness is a leading source of reliable news & trending topics on Retail and Restaurant. 14th January 2021. WINDSOR, ONT. Keeping up with the latest retail news is one of the best ways to keep you ahead of the game and ensure that you never fall behind your competition. From innovative retail technologies to surprising new sales channels, here are the top innovative retail trends to keep an eye on in 2021. Retailers have been rethinking discounting merchandise for Black Friday, mostly because of the deep discounting that became a necessity in March when COVID-19 first took hold. – Car Body Design 2 The 9 Best Cookbooks To Gift and Grab This Year 3 Warmest Jeans for Winter, Found: Find 6 Lined Pairs Here 4 These Vegan Caramel Cookies Need to Be at the Top of Your ‘To Bake’ List 5 What To Do During Holidays Alone? This report provides in depth study of “ Retail Chocolate Market ” using SWOT analysis i.e. AI-driven big data retailing has been maturing for some years now, with major retailers relying on advanced analytics to understand what should be stocked in their stores and drive efficiencies in logistics. With new products popping up around the internet, we’ve decided to freshen up this list with the trending products to sell in 2021. 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