Kega book 2017 - Discover your Retail Relevance
Many retailers are looking healthy again, but are they still relevant?
Great news! The positive sounds from the retail industry are back. In the Netherlands, the insolvency rate hasn’t been this low since 2007 (0.44% compared to 0.67% over the last seven years) and many retailers have again been declared ‘financially healthy’ during the last year. Above all, it is expected that private consumption will be taking a further leap forward in 2017 (1.7%). All in all, we’re looking to the future with a lot more confidence.
Now here’s the big question: Who will benefit most in the coming years? How equally will this growth be distributed across retail? There is – in spite of the bankruptcies and cutbacks in recent years – still a substantial overcapacity of physical floor space and the financial health of many retail chains is still brittle (mainly due to reducing costs). In the e-commerce arena, too, the battles will only intensify.