BTG Advisory looks at the global retail market, covering the challenges and opportunities of globalisation and the blurring of boundaries between physical and online retail.
International retail has found itself at a crossroads, with pure online players, brands and market entrants both disrupting the sector and in turn mulling over the role that real estate may play in their own global growth strategies. In parallel, legacy retailers have been left to wrestle with the redefinition of their offers and how they use their hard-won locations, brand strength, and a fresh focus on the consumer experience to reinvigorate their performance and sustain their future.
As the likes of RadioShack, Woolworths, Mexx, BHS and Dick Smith, to name but a few, have shown, the transition to modern, omni-channel retailing is far from an easy path and there will, no doubt, be more casualties along the way, not least with online behemoth Amazon breathing down the neck of retailers as it widens its array of product categories and geographies.
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