The vogue retail market is nevertheless reeling from the speedily accelerated change to on line brought about by the pandemic – and Marks & Spencer is not the only a person using the disaster as the tipping position for considerably-desired transform.
The higher road of the future will be really different, as excessive retail house is repurposed into household and other employs. Manner vendors will have to step up their game with merchants that tap into what the community local community desires and would like.
Achievement will no more time be centred on possessing swathes of retailers instead vendors will have to have fewer retailers in the suitable places that are absolutely built-in with their on line functions – a trend we experienced seen emerging pre-pandemic.
While it was a different blow to the market, M&S’s announcement previously this week of redundancies throughout its merchants, support and regional management groups