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Since its introduction in 2016, the Total Retail Loss concept has received critical acclaim across the globe, stimulated debate about what constitutes retail “loss,” and discussion about what the future role of the LP function might be. New research addressed how it has been implemented, its effectiveness, and what changes to the theory are required.
From trending news stories, 2019 conference presentations, and interviews with industry thought leaders, a picture of the future becomes—if not clear—perhaps a little sharper in focus. Here are ten trends expected to impact retail and LP in the next few years.
A 2019 US Back-to-School Shopping Trends survey of more than 1,100 consumers revealed that an overwhelming majority of respondents will be doing their back-to-school shopping in store this year, with less than 2 percent of respondents stating that they plan to do all their back-to-school shopping online.