TheRetailer_Autumn_2019

We’ve seen brands invest additional time and resource in reviewing, refining and developing clear plans for the short, medium and long-term.

No one size fits all This diversification will naturally have its winners and losers but it is also demonstrating that there are countless opportunities for retailers to be different in positive ways. With discounting no longer a reliable way of trading through difficult patches, fortune is increasingly favouring those who are offering something new. Ultimately, the current climate has given the sector a wake-up call that, in the long-term will deliver a very different and much more varied shopping experience. Perhaps the most telling finding from our study is that the majority (83%) of retailers believe their business model is well-suited for the future or can be adapted to survive. The UK’s large retailers will play a leading role in the evolution of the sector and, it appears, have every intention of doing so. To read Lloyds Bank Commercial Banking’s 2019 Business in Britain report, email philipp.gutzwiller@lloydsbanking.com or visit resources.lloydsbank.com/insight/business-in-britain-2019/

PHILIPP GUTZWILLER //philipp.gutzwiller@lloydsbanking.com

the retailer | autumn 2019 | 29