Consumers are engaging with and reacting to the retail sector in new ways. This is driving change across the retail value chain, forcing many retailers to look at their entire ecosystem. Investing time and capital in the right areas and pushing the envelope to deliver an authentic and connected experience is all about knowing what to prioritise for your business in a dynamic industry.
Sales data, research and insights are critical tools for understanding the strength and direction of the retail sector and provide essential information for retailers to make informed decisions on critical business operations.
While profitability is good and profit margins are up on pre-COVID levels, plenty of debate remains on the possibility of a sales downturn as discretionary spending and retail categories are being challenged in different ways.
In this podcast, Management Consulting Partner Liz Webster speaks with Craig Woolford, an analyst of the retail industry for almost 20 years. In the context of current economic headwinds, Liz and Craig discuss trends seen from the latest reporting season and what we may see in the second half of 2023.
Available on Apple Podcast, Spotify or within your browser.
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