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We're already past the halfway point of the year, and it has been an eventful period thus far. There has been a notable increase in bankruptcies, Layoffs have been widespread, deals and acquisitions have been on the rise.
From leveraging changing consumer behaviors to harnessing data, and embracing new technologies, retailers are adapting to meet the demands of today's consumers. Retailers continue to invest in and explore the metaverse, and an increasing number of brands are stepping forward to leverage the few good bits like AR/VR/mixed reality. However, challenges persist as questions arise about how to make these endeavors profitable.
In this edition, we have curated insights from industry leaders who delve into how retailers across the nation are not only keeping pace with the ever-accelerating technological curve but also pioneering innovative approaches to position themselves for success and drive bottom-line profitability. The topics covered in this edition span various crucial focal points that are shaping the retail industry, including shifts in demand and supply, inventory planning, reinventing the in-store experience, capitalizing on the customer journey, connected commerce, AI in retail, winning in the omni-channel world, and grappling with sustainability.
With important selling seasons such as back to school and the holidays on the horizon, this edition of Retail Today offers unique insights on what to watch for in the retail landscape throughout the summer and into the fall. We hope that this edition proves to be a valuable resource on your journey towards success in the ever-evolving world of retail.
As always, happy reading!
Mid-Year Recap: Notable Trends in Retail and the Path Ahead