The corona pandemic has crushed luxury goods sales: the European market is shrinking by 36 per cent this year, for the first time since the banking crisis. Bain's analysts aren't counting on a full recovery before 2022/2023.
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Both retailers and consumers predict the festive season to be full of discounts and e-commerce. But will it also be the usual peak time for retail? There is low confidence in having a sales boost this Christmas.
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The online shift caused by the corona crisis is being exaggerated, according to a report by GlobalData. Consumers still buy the most in the physical store, even during the lockdown. E-commerce needs the brick and mortar store very badly.
As the current pandemic increases polarisation in the food sector, the middle class is about to disappear, Danone CEO Emmanuel Faber said in an interview. The divide between rich and poor grows, also in the way they eat, and everyone in the middle class will either move up or down to an extreme.
Even though Belgian restaurants, bars and non-food stores have been allowed to reopen for a long time, consumption has not yet recovered to pre-lockdown levels.
From food delivery to personalization, there would be no digital transformation without data-enabled decision-making processes. The use of large volumes of information shows to what extent data is key. Now, a new data source is available: data from the mobile network.
Every year, shoppers spend less on clothing and shoes. The numerous discounts and sharp price competition in the fashion retail industry have resulted in ever lower European clothing expenses since 2006.
International supermarket research organisation IGD has identified the five food retail trends that will dominate the next twelve months.
Research firm Mintel has identified five food trends that will have their impact on consumers, retailers and manufacturers next year. The “Global Food & Drink Trends 2018” report brings together insights from sixty analysts in about a dozen countries.
Consumer spending in the UK has dropped for the third straight month in July. It is the first time in four years that there was a three-month drop, with analysts pointing to the Brexit.
Not everyone is drinking gin & tonic this summer. Whisky is become very popular again and is even appealing to younger audiences now. Diageo Benelux country manager, Dirk van Ham, said it pays off to invest and innovate.
Local FMCG (fast-moving consumer goods) brands are growing faster than their multinational competitors. Coca-Cola is still the most popular brand in the world, but Colgate is the only one with a worldwide market penetration exceeding 50 %.
What will become the worldwide trends for food and fmcg (fast-moving consumer goods) in 2016? IGD's Senior Retail Analyst - Multichannel, Toby Pickard, gives us a small overview.
Supermarkets and the entire food industry stand a lot to gain thanks to the new digital opportunities which give them an insight into the customer's purchase and eating behaviour. This may lead to a more efficient food chain.
Taste, price and convenience are no longer the only factors that decide the purchase of food and drinks. An increasing number of shoppers also factor in other things, like health, safety, social impact, experience, ...
Six major trends will shape the food industry's future by 2025 according to London-based independent trend firm The Future Foundation's CEO, Christophe Jouan.