Retail Trends That Will Remodel the Industry in 2020 and Beyond
The pandemic is reviving old retail concepts and bringing to life new formats to attract consumers and regain their confidence.
Without a doubt, the retail sector—along with hospitality—has been among the most impacted by the coronavirus outbreak. Many retailers are now struggling to survive, but those who know the ins and outs of the sector are quickly redefining their business strategies and preparing to bounce back while adjusting to emerging retail trends. COVID-19 is likely to be the catalyst for innovation in the industry, according to several specialists. Retailers that have not been able to adjust to the new economic environment are creating a fresh wave of opportunities for forward-looking, versatile entrepreneurs.