Restaurants are taking over the British high street as consumer appetites veer towards food and beverage over bricks-and-mortar retail. Here’s why.
In the new age of retail, technology is everything, explains Anil Gandharve, vice president and global head of retail, CPG and manufacturing at IT consultancy Mindtree.
The retail sector is buzzing with discussion regarding the constant challenge of meeting growing consumer expectations and the weight that businesses should give to each of these expectations.
Today in Britain, almost 90 per cent of the population regularly uses the internet, thereby putting our country in a state of unprecedented interconnectivity. A notable by product of this connectedness is the growth of the ecommerce industry.
As location is the most accurate indicator of human intent, businesses are recognising that with location technology insights, they can get a picture of their customers” real world behaviour both now and in future, not just their online behaviour.
After beginning a refinancing programme to clear its debt, Matalan has expanded its offering by launching an online-only home brand– with the hope being the extension will be the stepping stone needed to make it a one-stop shop.
Private equity-backed online snack business Graze has shown its expansion intentions with a roll-out into 850 Sainsbury's stores.
Accounts filed at Companies House revealed that Amazon's UK business made a profit of £34.4m in the 12 months to 31 December and paid corporation tax of £11.9m.