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Inflation is set to influence every aspect of retail for the next 12 months and beyond. In the first week of January, shop prices surged to 8%, hitting a record high, according to the latest figures from the BRC-Nielsen Shop Price Index. With falling consumer sentiment and customers searching for value, what can retailers do to support their customer base while also safeguarding margins?
Retail is being continually reimagined to attract and retain profitable customers. With new economic pressures and heightened customer expectations, there is limited leeway for mistakes. Businesses can no longer afford to risk costly and long-winded trial and error in the real world, especially when it comes to sustainability and waste.
Retail is being continually reimagined to attract and retain profitable customers. With new economic pressures and heightened customer expectations, there is limited leeway for mistakes. Businesses can no longer afford to risk costly and long-winded trial and error in the real world, especially when it comes to sustainability and waste.