Retail power dynamics keep shifting …
Over the past year:
Inflation eroded companies’ and consumers’ purchasing power
Employees swung from The Great Resignation to The Great Layoff
Retailers and brands invested more in tech for growth, agility and efficiency
Notice interrelations like inflation reducing consumption and the rise in private labels. Also, layoffs may pull more people toward entrepreneurship, given low barriers to entry.
How else has retail power shifted in 2023?
Coming soon: 2023 Retail Tech Trends.