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Key retail trends for 2024 – and what you need to do about it NOW

Mike Anthony

But if retail is changing, then manufacturers and suppliers (as well as retailers) need to adjust their strategies and plans to address each of the trends, to realize the huge opportunities that each offers, and to ensure that the (equally huge) threats they pose are understood and mitigated. That’s where I come in.

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What Aussie retailers can learn from their counterparts in the UK, Europe

Inside Retail

Retail trends tend to surface in the UK and Europe about 12-24 months before they reach Australia. On the ground, I can report that there are challenges facing UK and European retailers that savvy Australian retailers can learn from to plan ahead. That’s what took me to the UK this month for a fact-finding mission.

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4 Elements of Amazon’s Strategy to Watch

Indigo 9 Digital

Before Amazon most retailers where primarily in the business of selling goods. Then Amazon comes onto the scene and shows the retail industry there are other ways to make money including by having a lucrative cloud business or through advertising sales. That’s why if you are a food and beverage retailer, stores matter a lot.

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Tesco’s Strategy for Gaining Market Share

Indigo 9 Digital

Tesco’s success is not by accident it has a carefully crafted strategy that is keeping its competition in the cut throat grocery sector at bay. Consumers at that time were reeling from the recession and Aldi and Lidl entered the grocery market in the United Kingdom with low prices and were able to steal share. Value for money.

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Staying Competitive: Keeping Up With Amazon

Rangeme

Now retailers are doubling down on AI for faster processes that make the customer experience more convenient. Walmart to build local fulfillment centers at dozens of stores. Supermarket News. AI’s role in retail. 5 London Supermarket Tesco Trials Cashierless GetGo To Rival Amazon Go. Supermarket News.

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Living Low-Carbon Lives Proves To Be Priority For Retailers

Rangeme

In 2020, Tesco ran a No Time For Waste challenge (also with Hubbub) and last fall that retailer promised to achieve net-zero carbon emissions by 2050 across its operations, together with those generated by the products it sells and its supply chains. stores look at the big picture. Kiwi stores set targets.

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Decoding Upcoming HFSS Regulations in the U.K.

Rangeme

Consumers in England and Wales will soon be forced to resist, at least to some degree, with new legislation around food merchandising, starting in the coming months. January 2024: It’s anticipated that retailers will no longer be allowed to offer Buy One, Get One offers and multi-buy deals on HFSS products. Two for the price of one?