Top Retail Themes in 2023 – Thematic Intelligence
In 2023, the major themes impacting the retail sector will be: inflation, market polarization, mergers & acquisitions, ESG and omnichannel.
Scope
GlobalData breaks down the top themes expected to impact the retail sector in 2023.
Key Highlights
While we expect inflation to fall in 2023, it is not forecast to fall to below pre-pandemic 2019 levels even in 2025. The cumulative impact of inflation means that it will take significant time for retail to recover, as it needs real earnings to make up the lost ground.
With inflation set to remain above average levels, consumers’ discretionary incomes will be squeezed in 2023 and beyond. This means that consumers, and therefore the retail market, will become increasingly polarized. The gap between those with higher savings and discretionary incomes, versus those dipping into and then running out of their savings, and racking up debts, will widen significantly.
Consumers’ concerns about the environmental, social and governance impacts of their retail purchases are rising, meaning it is crucial for retailers to take action to retain appeal. As well as implementing obvious strategies like the incorporation of recycled or sustainable materials into products, players are beginning to offer more innovative initiatives too, such as furniture and clothing rental and the launch of their own resale platforms.
With non-essential retail spend set to remain under pressure over the next few years as global inflation continues to be high, mergers & acquisitions offer the opportunity for growth for those companies with healthy balance sheets. The benefits can be a quick route to diversification, enhancing technology prowess and acquiring customers, which in turn should boost sales.
Reasons to Buy
“Themes are disruptive, so it’s easy to be blindsided by industry outsiders who invade your sector. Understanding the themes ecosystem will get you ahead of the curve.”
Understand the themes emerging in 2023, allowing you to grasp a wider view of changes in consumer behaviour and how it will impact your markets.
Explore how emerging themes in apparel are allowing industry leaders to evolve, so you can better position yourself for long-term success.
An easy-to-use framework for tracking themes across all companies in all sectors
Companies who invest in the right themes become success stories; those who miss the big themes end up as failures.
Key Players
Table of Contents
Get in touch to find out about our multi-purchase discounts
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
Related reports
View more Retail reports
