Posted: 30 Jul, 2020
Gordon Brothers, the global advisory, restructuring and investment firm, has released an article identifying key retail trends that are emerging post Covid-19, available at: https://gordonbrothers.co.uk/covid19-trends.
As countries continue their phased opening approaches, retailers in the UK have started to open their doors for the first time in three months since lockdown was enforced on March 23, 2020.
With consumer confidence levels at their lowest ever recorded and a decrease in GDP of 14 percent forecast by the end of 2020, there are challenges ahead. But, despite these challenges, there is still room for certain business models to grow and flourish.
“Clearly, there will be tremendous headwinds for retailers as customers emerge into the post Covid-19 world of retail. We are already seeing several emerging and growing trends which, smart retailers will need to adapt to,” said Nick Taylor, Senior Managing Director, International Retail, and the article’s author. “Before the Covid-19 pandemic, structural changes in retail were already evident. What the pandemic has done is accelerate those changes.”
For the latest information, articles, and perspective on the recent economic impacts, please visit the Gordon Brothers Resource Hub at: https://www.gordonbrothers.com/covid-19.
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