Developing Winning Models For The Future Of Retail: Bain & Company
The competitive nature of retail means that many established operators have been slow to react to the rapid pace of change in the sector – sometimes with dire consequences.
Thus far, the grocery industry has not seen the same rate of attrition as other retail sectors – with established retailers like House of Fraser, Maplin and Toys R Us among the main casualties.
But given the growth of e-commerce powerhouses such as Amazon and Alibaba, coupled with increased demand for seamless omnichannel services, few retailers can claim to be 100% assured of their long-term viability.
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