The future of retail

We have summarised them for you below:

The shift to online shopping over COVID is here to stay, with 60% of 18+ individuals engaging in this regularly.
The 65+ age group has increased their internet usage by 360%!
More migration of city dwellers relocating to outer suburbs, including Casey (hello day-trippers!)
GDP and wages are still growing, and retail is ahead of inflation – Australian retail spending has been up by 25% since 2020!
Sustainability continues to be an emerging issue for consumers – 6 in 10 will buy second hand!
Business confidence is high in large business but lower in micro business.
Retail spending is forecasted to flatten to align with inflation.

How can your business take advantage of these insights?
What new practices can you implement?
Or what existing practices could you alter?