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.
Presented by MarketDial.
Steve 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!View Original Article