{"id":5820,"date":"2020-10-28T11:00:21","date_gmt":"2020-10-28T11:00:21","guid":{"rendered":"http:\/\/www.tellermate.com\/?p=4086"},"modified":"2021-06-02T09:41:11","modified_gmt":"2021-06-02T09:41:11","slug":"when-retail-sales-fall-flat-whats-on-the-horizon","status":"publish","type":"post","link":"https:\/\/www.tellermate.com\/ca-en\/news-and-resources\/when-retail-sales-fall-flat-whats-on-the-horizon\/","title":{"rendered":"When retail sales fall flat, what\u2019s on the horizon?"},"content":{"rendered":"

Words like Retail Meltdown. Retail Apocalypse. Retail Decay<\/em>\u00a0are sneaking around since 2017 and are sure an often-used term in the times of Covid-19. Obviously, many retailers have problems occurring due to lockdown restrictions and governments asking\u00a0employees\u00a0to work from home if possible. This deprives the high street footfall that would normally make up a lot of their revenue.\u00a0Black Friday and the Christmas period will be a telling time for the future of high street retail and shopping centres.<\/p>\n

Isn\u2019t the worst over yet?<\/b><\/h3>\n

It is hard to tell as a rise in infections is being reported, alongside with the testing capacity being increased. It is therefore not easy to make inferences around the statistics. Overall, we have obviously seen an increase in online shopping, but we are also seeing retail start to recover and alongside it, cash use.<\/p>\n

However, we also are unfortunately seeing consolidation of overstretched retailers and with it, job losses. But empty spaces will also be filled again with new sellers<\/a> as government\u2019s recovery strategies are actioned, and\u00a0once the pandemic if over we\u00a0expect to\u00a0see new business models emerge.<\/p>\n

We also see a trend towards supporting independent stores and those with local heritage, as people feel that in shopping there, they are directly benefiting their local economy as opposed to a large corporate who\u2019s profits are likely to be moved to offshore investment funds.<\/p>\n

We also expect to see radical changes to the way retail real estate is managed and planned. Those at the forefront of retail are trialling VR store experiences which would completely revolutionise how we look at the customer experience, but also will reduce on the amount of floorspace required.\u00a0While adaptation is necessary, we are certain that the \u2018high street\u2019 will live on.<\/p>\n

Although many retailers are struggling, many others have opened new locations in 2020<\/b><\/h3>\n

In the US so far, retailers have announced 3,344 store openings so far this year, according to a tracking by Coresight Research.<\/p>\n

We are seeing a big growth in grocery, personal care and pharmacy as people become more health conscious…<\/p>\n

\"Retail<\/p>\n

Here are some of the big names who are opening new stores:\u00a0<\/u><\/strong><\/p>\n

In the US<\/a>\u00a0– At Home, Lidl, Aldi, Tractor Supply, Five Below, Home Depot, Ikea, Bojangles and more.<\/p>\n

In the UK<\/a>\u00a0\u2013 Aldi, Lidl, Screwfix, Home Bargains, Asda, Co-Op and more.<\/p>\n

In Europe<\/a> \u2013 again Aldi and Lidl, Netto, dm, Rossmann, Tedi, Woolworth and more.<\/p>\n

Despite retail losses, retail spending is on a slight upswing<\/h3>\n

Updated figures<\/a>\u00a0<\/span>from the US (published by\u00a0Statista Research Department), are showing some sectors had been more impacted than others. \u201cNon-essential\u201d retailers such as clothing, accessories and large department stores have been the hardest hit. Alongside this however, these industries have seen a significant upturn in e-commerce business which shows there is still appetite to spend in the market.<\/p>\n

The future of retail sales<\/h3>\n

Retail challenges will always exist but the what does the future look like? Dismal or delightful, it\u2019s up to each business to decide their future. Those who innovate and embrace new technology to improve the customer journey, certainly have a better chance at survival and even growth over the next decade.<\/p>\n

Retail automation is also a key piece to the puzzle. Using technology to carry out unnecessary manual tasks leaves employees with more time to focus on their customers \u2013 Whether that\u2019s assisting a customer piece together their party outfit or walking a customer through the difference between and LED or an LCD TV.<\/p>\n

How is your business adapting? Have you ever looked at your cash cycle \u2013 from the POS to the bank \u2013 To see what you can optimise?<\/em><\/p>\n

Tellermate offers a range of retail automation solutions to help address these needs. Our devices improve accuracy, save time, and the software solutions we offer provide the MI you need to reduce your CIT costs.<\/p>\n

Let automation help tackle retail challenges<\/h3>\n

Here\u2019s how we helped a major European electronics retailer improve efficiency in their stores.<\/p>\n","protected":false},"excerpt":{"rendered":"

Words like Retail Meltdown. Retail Apocalypse. Retail Decay\u00a0are sneaking around…<\/p>\n","protected":false},"author":17,"featured_media":3797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[3,79,73,77,76],"tags":[90,12,41,47,33],"class_list":["post-5820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-cash-counters","category-customer-experience","category-intelligent-cash-drawers","category-retail-technology","tag-future-of-retail","tag-retail","tag-retail-automation","tag-retail-sales","tag-retail-technology"],"acf":[],"yoast_head":"\nWhen retail sales fall flat, what\u2019s on the horizon? - Tellermate Canadian English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tellermate.com\/ca-en\/news-and-resources\/when-retail-sales-fall-flat-whats-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When retail sales fall flat, what\u2019s on the horizon? - Tellermate Canadian English\" \/>\n<meta property=\"og:description\" content=\"Words like Retail Meltdown. 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