One thing business owners can count on is change. As time marches forward, innovation sparks technological advancements, which can alter consumer behavior.
Here are 10 trends shaping the retail landscape, according to the L.E.K. Consulting team, which counsels companies on strategic issues through analytical analysis. Managing directors Robert Haslehurst and Jon Weber discussed the trends last week in a webinar, “The New Face of Retail: Retail and Consumer Trends Reshaping the Landscape.”
Some of these trends are nothing new but they still have a big impact on how retailers do business. While your company may not be able to leverage every facet, it’s always prudent for business owners to be aware of what’s affecting the market. [Read more…]