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Remarkable Retail

BONUS EPISODE: Rounding Out NRF Big Show Global Insights with Kate Ancketill, Founder CEO, of GDR Creative Intelligence, and Alberto Serrentino, Founder Varese Retail

Jan 19, 2024
Retail experts Kate Ancketill of GDR Creative Intelligence and Alberto Serrentino of Varese Retail discuss the outlook for UK retail, the impact of retail media networks and content-driven commerce, the growing importance of AI in retail, and governmental involvement in the industry.
30:27

Podcast summary created with Snipd AI

Quick takeaways

  • The UK retail industry is facing challenges like Brexit and a cost of living crisis, resulting in a relatively flat or slightly downward trajectory in the mid-term, but the government's involvement in sustainable practices indicates a direction toward sustainability.
  • In Brazil, retailers are focusing on sustainable growth due to economic challenges, with an emphasis on cash generation and optimization; developing capabilities in data analytics and AI is crucial for enhancing efficiency and productivity.

Deep dives

The State of Retail in the UK

According to Kate Anketil, the CEO and founder of GDR Creative Intelligence, the retail landscape in the UK is facing challenges such as Brexit, high interest rates, and a cost of living crisis. While some retailers are experiencing slight growth, others are struggling, resulting in a relatively flat or slightly downward trajectory for the industry in the mid-term. The UK government's involvement in retail, such as the implementation of the social product passport and bans on single-use plastic cutlery, indicates a direction toward more sustainable practices.

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