It’s a good time to be in the grocery business. As other retailers were forced to close their doors, grocery was one of a few ‘pandemic-proof’ segments of the industry. We all have to eat after all.
It’s long been said that the middle is disappearing from retail. Covid-19 has introduced another type of split into the mix.
The world has, understandably, been more than a little obsessed with the ‘new normal’. With all of the change that this has brought, a lot of things have had to be reframed to fit the new context. Convenience is one of them.
One of the biggest recent trends in retail has been the rise of direct to consumer (DTC). And like so many other trends it only seems to have been accelerated by the coronavirus pandemic.
To help make sure your retail business can adapt to whatever the world can throw at it, we’ve partnered with legal experts Freeths, to create a free two-part report that will help you mitigate the impact of future global crises.
The humble queue. A familiar part of the physical retail experience. And while it has always been a minor friction point, who would have thought six months ago that it would become a major headache?
In just a few days, non-essential retail stores in the UK will reopen their doors. They won’t be the same as before though. Social distancing and hygiene measures will mean the physical shopping experience is very different.
As retailers across the world try to figure out how to make socially distanced shopping work, many are turning to tech to help tackle the challenges of Covid-19. One retailer though may have already had the tools needed to thrive in this new shopping world.
Lockdown may be lifting but Covid-19 hasn’t gone away. In fact, scientists are saying that a second wave is a matter of ‘when’ not ‘if’. What does this mean for retail then?
Covid-19 has had a major impact on the retail industry. That’s a given. It’s just not affecting things as much as you might think.
It goes without saying that COVID-19 has been extremely challenging and surprising. Everything we thought we knew about society, business and future now seems up for grabs.
From simple shifts in the way retailers do business to complete reinventions – here’s another 11 of our favourite retail responses to Covid-19.
There’s a silver lining to what’s happening with coronavirus in retail. Hard to imagine? Well there is.
The new business as usual is adaptability. Covid-19 has completely (and understandably) disrupted the retail world as we know it. What retailers need is to pivot and adapt their business to the new situation.
This was ecommerce’s moment. While online shopping has continued to hit new highs year-on-year, the majority of retail sales still happen in physical stores. Until Covid-19 that is.
At this point no-one needs reminding of the fact that coronavirus has changed retailing totally. Yet, the way retailers and brands have responded to the challenges has been truly inspiring.
Will you still have customers post coronavirus? For some brands the answer may be no. In the past few days and weeks we’ve seen countless brands and retailers respond to the impact of COVID-19 in different ways – some good and others bad.
If you’re not already considering your critical suppliers in your coronavirus strategy it might be time to do so.
Like the rest of the world, we’ve been incredibly saddened at the recent turn of events and our thoughts are with all those impacted by Covid-19
What’s the current situation with coronavirus (COVID-19)? The answer to this varies depending on where you are in the world. However, it is widely agreed that this is not a quick fix problem.