NewsIrish continue to reduce festive spending but rate of decline slows for Christmas 2012
Retailers are now faced with renewed imperatives and an even tougher environment where the difference between surviving and thriving is finely balanced. For the first time in 20 years, the retail sector is contracting on a global basis and is creating an environment for survival of the fittest, fastest and boldest.
More than ever, retailers need to prioritise their actions and recognise what may be a fundamental and permanent shift in consumer shopping desires and patterns. Given these changing dynamics in the global retail market space, retailers may need to re-think not only their business forecasts but also their business models.
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