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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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2021 Global Retail Trends That Paved the CPG Way

Rangeme

That’s what global consumers are saying, united by product trends that transcend consumer packaged goods (CPG) categories and national boundaries. Today’s global consumer trends influence e-commerce strategies, online marketplace assortments, and retail marketing trends in the U.S. and beyond.

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More Private Label, Smaller Store Footprints: How COVID-19 Is Accelerating Existing Retail Trends

Retail TouchPoints

Interest in private label products, from supermarket-branded foods to Amazon Basics hard goods, have been on the rise for the past several years. Additionally, the percentage of consumers willing to pay the same or more for private labels over name-brand products rose from 34%. In comparison, one hot market that may cool off is resale.

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How to Get Discovered by U.K. Retailers: Understanding British Consumers

Rangeme

retail market as it may differ from the markets your brand currently has a presence in. Whether the British market is familiar territory or completely new, here’s a deep dive into understanding the U.K.’s s marketplace, retailers, and how your brand can understand a new set of consumers.

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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

Perhaps it can be taken for granted but most consumers are struggling to make ends meet. 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. Retail media. Source: Bloomberg. Source: Bloomberg.

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Loyalty Programs: Personalization Is the Key To Keeping Shoppers Interested

Rangeme

As shoppers look for the lowest prices and are ready to shop around at different stores, loyalty programs are becoming key to retaining consumers. where 65% of the population is signed up with a supermarket scheme. There needs to be a layer of rewards personalized to consumer behavior.” Benefits to retailers.