Annabel Plowman heads up the Retail and FMCG team here at Cast UK and has worked in recruitment for over 3 years now but prior to this she worked in the Retail sector.
It’s been over a year since the shock result of the Brexit referendum was announced, and now that the dust has settled & negotiations have commenced with the EU, we thought we’d take a look at the likely impact on the Retail sector, an area, alongside FMCG, in which we have provided recruitment services in for many years.
Rather than battling the crowds of the high street this year, many consumers will be buying their gifts through the online channels of their favourite stores.
Here’s just 4 of the ways that technology is influencing the way we shop this holiday season:
This year the 25th November marks the 6th Black Friday in the UK, which began back in 2010 with Amazon.co.uk being the first company offering discounts in Britain.
The emergence of Black Friday and then Cyber Monday (falling 3 days after) in the UK have massively impacted on the dynamics of consumer shopping trends around the Christmas season.
With the technology available to us today, we are able to shop at any time we want, across all of our devices, wherever we are! This one-click purchase culture has led to market of highly demanding consumers; we want it all and we want it now.
The latest report from the British Retail Consortium predicts up to 900,000 jobs in the UK retail sector will not exist by 2025 as a result of increasing tax, wage bills and digital growth resulting in shop closures.
According to a recent survey by SLI connect UK, 83% of retail brands are paving the way for a customer-focused future using an omnichannel strategy. The survey also revealed that 53% of respondents have an omnichannel strategy in place today and that significant differences exist in the attitudes exhibited by pure online versus online and offline retailers regarding the multi-channel experience.
Some of the biggest names or the retail sector spoke at Retail Week Live about challenges facing the industry, particularly homing in on key themes ranging from international growth to IT.
While the logistics industry certainly didn’t dodge the economic bullet when the meltdown started in 2008, it has shown itself to be a resilient player. And at least one property fund manager is prepared to invest some serious money into an emerging sector – the big box logistics space.