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At Retail Cities, we continuously track the retail landscape globally and predict its evolution. In this Grocery Retail in the Andes newsletter, we address two important questions:
1) How will the Covid-19 economic shock change grocery retail?
2) What is the long-term outlook for modernization of grocery?
We use two Peru and Chile to compare and contrast.
Big grocery and drug brands can rightfully state that 2020 was a year of loyalty. Retailers without a loyalty platform are now busy trying to launch one ASAP. However, before all of this investment is made, why not ask a simple question? Will consumers remain loyal in in 2022? There are many arguments to suggest that they will. Learn about alternative ways to analyze Loyalty, above transactional consumer rewards, and what loyalty beyond Covid will look like.
In Poland, the leading challenger grocery retail format changes every five years. Today, Poland’s discounters are being attacked by e-commerce operators such as Allegro and Frisco, as well as drugstores such as Rossmann, and the new discounters such as Pepco and Action. In the 90’s, hypermarkets tried to take control from traditional trade, and succeeded. By the late 00’s, discounters and proximity stores began assaulting the hypermarkets’ position.
Big City retail has been devastated by the global pandemic. Offices are closed, tourism is impossible, many residents have moved to the countryside. As a result, retailers and retail industries are evolving. Retailers – essential and non-essential – will relaunch with a new approach, new attitude, and new services. The world has never seen so much reinvention of retail in such a short period of time.
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