Retail Customer Experience released their list of the Top 100 Movers and Shakers in retail.
The list not only profiles top retail brands, but also examines retail and economic trends that are significantly impacting the way everyone is or will be doing business.
#1 and #2 are “The Economy” and “Gas Prices.” The combination of these two factors have negatively impacted retail prices and consumer behavior in a way that many believe will be felt long after the economy recovers. They also gave rise to the reports number #5 trend, Bankruptcies in Retail.
Sparked by Circuit City and followed by every over-leveraged, consumer-facing business from banks to Sharper Image, the economic dust up wiped out a good bit of the retail landscape. According to the report, “2008’s bankruptcies came out in two waves, the first of which hit in February and took out companies that sell things we want but don’t need. A second flurry hit in July, taking out companies that sell necessities that are available cheaper elsewhere.”
The top ten trends and brands in this 24-page report also include Amazon, smaller format stores, digital delivery of products, Apple stores, the iPhone, Holiday 2008 and the future of the shopping mall. It’s an interesting read that addresses all things we’ve gawked at and questioned and are now having to take a position on to move forward.
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