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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

In 2018, Ernst & Young (EY) launched an ambitious project called FutureConsumer.Now , to model scenarios that would challenge present thinking about future consumers. Orschell discussed the differences and overlaps among these consumer segments as well as other recent research.

Consumer 278
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Does Procurement Play a Role in Retail Recovery?

Retail TouchPoints

The last year and a half has been tremendously disruptive to all kinds of businesses, particularly the retail industry. According to a recent consumer behavior report by Raydiant , fewer than half of their survey’s respondents now say they prefer to shop in person.

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Cheers! Vegans Can Enjoy a Tipple With New Plant-Based Alcoholic Beverages

Rangeme

But for the vegans among us, there’s nothing appealing about consuming animal products. According to the Future of Drink Report from market research company Datassential, Chicago, 42% of consumers say they are interested in plant-based, alcohol-free versions of classic cocktails. Beer and cider, animal-free.

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Forever 21: 4 Reasons it Failed & Filed for Bankruptcy

Indigo 9 Digital

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. Although clothing is a department store staple retailers like Sears or specialty retailers like Gap couldn’t keep up with a more nimble fast fashion retailer like Forever 21. Do you like this content?

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The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive

Indigo 9 Digital

Fast forward less than two decades later to 2018 when Sears was in so much financial hardship with declining sales and profits as well as mounting debt it filed for bankruptcy. He foresaw that America’s growing railway infrastructure could be used as a way to send goods to consumers in rural communities that lived far away from stores.

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Differentiation by Certification: Understanding 7 Popular CPG Certifications

Rangeme

With hundreds of new food and beverage products launching every day, how do you make sure yours stands out from the crowd and gets the attention of both consumers and retail buyers? Check out the following 7 certifications bodies that are in-demand by retailers and consumers alike: 1. USDA Certified Organic.

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Why Tackling Food Waste Is Good for Business

Rangeme

s largest food businesses, accounting for around 60% of U.K. Retailer sustainability efforts. Retailers including Sainsburys, Waitrose, and Abel & Cole have made particularly impressive strides. Food producers and retailers in the country are playing an important part in the campaign, with a string of innovative ideas.