Automation, customisation and big data are some of the trends expected to change the retail industry and the way consumers shop in the future. Recently CBRE, the world’s leading real estate services firm and a Partner of The Property Chronicle, has revealed a series of insights for the retail landscape in 2030.
The Future of Retail | 2030 examines 40 “futurist” insights and perspectives on how the world of retail will look different in the future – fuelled by changes in people’s lifestyles, urban environments, retail operations, logistics and other trends impacting the industry. The insights will encourage thinking about the many possible situations facing retailers and investors, and by identifying these challenges, how the retail industry can prepare for the future.
“The future of retail is going to change more than we could ever imagine. At CBRE we have taken the time to think about what will change and what it will mean for consumers and the retail industry as a whole. Physical real estate remains important as a sales channel and increasingly as a communicator of the brand and a demonstrator of experience.”
Andrew Phipps, Head of UK & EMEA Retail Research at CBRE
The first eight insights were launched in November at MAPIC, the international retail property conference.