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In an increasingly competitive landscape, both local and foreign players must adapt to evolving consumer behavior driven by online purchasing and social media influence. With 73% of European internet access facilitating 24/7 digital shopping, companies must prioritize transparency and sustainability to thrive. As mobile devices become critical for shopping, retailers must communicate their social and environmental responsibilities clearly. The rise of own-label brands presents both challenges and opportunities, epitomized by Wickes' successful strategy. Explore the future of retail and what it means for brands and consumers alike.
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Capital • Captial • Investment • Consumers
Competition Local Players Foreign Players
Competition 279
Competition 249
Internet Online Purchases Social Media
Internet 73% of European Internet Access Digital Never closes Transparency Internet Sales Double in next 5 years Mobile Devices Increasing importance for shopping
Sustainability ‘One World’ Companies that do not take social and environmental responsibility seriously will not succeed in tomorrow‘s market place. On these issues a company must communicate exactly what it is doing for the community.
Future Retail Stores of the Future
Own Label vs Brand
Successful Concepts - Wickes 98% own labels Stores 2012: 200 Sales 2009: € 1050m Headquarters: Harrow, United Kingdom