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

Mike Anthony

Retail is arguably changing faster than ever before. Every market I visit is changing in many ways, and while each country is different, there are a number of unifying trends that are hitting almost everywhere. Yes, the balance between the trends might vary, but each of these is hitting pretty much everywhere to some degree.

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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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Tesco’s Strategy for Gaining Market Share

Indigo 9 Digital

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. Having an effective loyalty program as well as the right value proposition has helped Tesco to regain market share in the competitive grocery market in the United Kingdom.

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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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Staying Competitive: Keeping Up With Amazon

Rangeme

Now retailers are doubling down on AI for faster processes that make the customer experience more convenient. Supermarket News. AI’s role in retail. 5 London Supermarket Tesco Trials Cashierless GetGo To Rival Amazon Go. Supermarket News. Digital advertising. Marketing Dive. Marketing Dive.

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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. Kiwi stores set targets.

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Decoding Upcoming HFSS Regulations in the U.K.

Rangeme

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. on TV; there will be a complete ban of paid-for advertisements for HFSS products online. Endcaps are an excellent merchandising location for supermarkets and will still be used to boost sales.