Retail Forecasts Report 2019
21 August 2019
Original content provided by BDO United Kingdom
Our Retail Forecasts Report looks at the market factors that challenge retailers and looks ahead at the threats and opportunities to the high street.
Throughout 2018, UK retail has certainly experienced uncertainty and upheaval brought about by fast evolving shopping habits and the impact of economic uncertainty.
One thing that is for certain, remaining relevant is key, whether that be through engagement, product or maintaining an agile business model – retailers need to keep an eye on the trends to ensure that they remain fit for the future consumer.
With the ‘new consumer’ showing greater inclination to spend on experiences rather than on the high street, in this report we look at how retailers can remain relevant, competitive and profitable in 2019. We also highlight the consumer trends that are shaping the retail landscape and explore the areas of focus which are key to support brands to remain relevant to an ever-evolving shopper.
If you would like to discuss this edition of the report further or any wider sector issues, please contact Sophie Michael, National Head of Retail and Wholesale or speak to your usual BDO adviser.