The increasing interest in smartphones will rule out retail sale growth in the next decade. However, every retail store has set up a web store so people can buy stuff online at their own convenience.
The retailers have to take some strong action so they can succeed tomorrow.
According to the new reports produced by retail consultant Conlumino on behalf of retail property company Hammerson, owner of Birmingham’s Bullring Shopping Centre. The report expects average annual growth in retail spending of 2.4% between 2013 and 2022, an improvement of the 1.9% achieved over the past decade. By 2022, retail spending will have reached £377bn, up 26% on current levels.
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Ignite Design is a retail design agency based in London. They are just moving fast with time to help retailers to keep with the moving technology and changing shopping habits of consumers. At Ignite, we do all the research into your industry and business area to come up with best retail design strategies.