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2023 Retail Predictions (Part 2)

2023 Retail Predictions (Part 2)

FromRemarkable Retail


2023 Retail Predictions (Part 2)

FromRemarkable Retail

ratings:
Length:
32 minutes
Released:
Jan 24, 2023
Format:
Podcast episode

Description

Last week we released the first batch of Steve's predictions. This week we conclude with six more, centering on how "hybridization" will steal the crown from omni-channel, how trading-down (in product and format) will define the year, the likelihood that big consumer credit troubles emerge, why strong balance sheets reign supreme, how the Metaverse is still not ready for its close up, while AI just might be. We wrap up with three bonus long-shot prognostications (aka "wild ass guesses") involving a Nike acquisition, bold moves at Whole Foods, and a blockbuster merger among struggling department stores.But first we kick off with our hot takes on the week in retail news, including the US Census Bureau monthly sales report, how the National Retail Federation did with its holiday forecast, and some encouraging signs of inflation moderation. Then we turn our attention to Nordstrom's earnings warning amid continuing troubles at its Rack division. We also dig into the potential impacts of big layoffs at Alphabet, Microsoft, Wayfair and more, before wondering whether some brands' (Gap, Peloton, Rent the Runway) decision to sell on Amazon smacks of desperation or of genius.ShopTalk (Las Vegas)ShopTalk (Barcelona)World Retail CongressPresented by MarketDial.About UsSteve Dennis is an advisor, keynote speaker and author on strategic growth and business innovation. You can learn more about Steve on his       website.    The expanded and revised edition of his bestselling book  Remarkable Retail: How To Win & Keep Customers in the Age of Disruption is now available at  Amazon or just about anywhere else books are sold. Steve regularly shares his insights in his role as a      Forbes senior contributor and on       Twitter and       LinkedIn. You can also check out his speaker "sizzle" reel      here.Michael LeBlanc  is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice.   He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career.  Michael is the producer and host of a network of leading podcasts including Canada’s top retail industry podcast,       The Voice of Retail, plus  Global E-Commerce Tech Talks  ,      The Food Professor  with Dr. Sylvain Charlebois and now in its second season, Conversations with CommerceNext!  You can learn more about Michael   here  or on     LinkedIn. Be sure and check out Michael's latest venture for fun and influencer riches - Last Request Barbecue,  his YouTube BBQ cooking channel!
Released:
Jan 24, 2023
Format:
Podcast episode

Titles in the series (100)

If you think the last few years of the COVID era was a wild ride, buckle up buttercup, things are only going to get tougher as retailers face escalating competition and increasing macroeconomic headwinds. In an era where even very good is no longer good enough, to rise above the rest our only choice is to choose to be remarkable. And making this remarkable mind shift requires that we aim higher, act more boldly and move much faster. As a C-level executive at two Fortune 500 companies, keynote speaker and strategic advisor to dozens of retail, consumer and technology brands, I help organizations accelerate their growth. I'm also the author of the recent best-selling book "Remarkable Retail: How to Win & Keep Customers in the Age of Disruption." Join me and my co-host Michael LeBlanc, Producer & Host of The Voice of Retail podcast, The Food Professor podcast and the Conversation with CommerceNext podcast as we explore the evolution of modern retail. Along with special guests, including top retailers and industry thought leaders, we'll explore the latest events within the retail industry and beyond for a lively and interactive journey to Remarkable Retail. Presented by MarketDial. © 2020-2022 M.E. LeBlanc & Company Inc. All Rights Reserved.