The UK’s retail sector is facing challenging times, with operating profits sitting at a concerning industry-wide figure of just 9%. This vulnerability leaves retailers exposed to broader economic headwinds, such as the ongoing cost-of living crisis. Now, more than ever, it’s crucial for retailers to rethink their strategies and explore new avenues for growth and profitability.
In our upcoming webinar in collaboration with IRX, we’ll dive deep into the critical issues impacting the retail sector and provide actionable insights on how to navigate these turbulent times. Here’s what we’ll cover.
- The state of today’s consumer, digital commerce – Understand current consumer behaviors and identify the best growth opportunities in the digital landscape.
- Incentivising and rewarding customers – Learn strategies to increase customer retention by offering the right incentives and rewards.
- Sector-specific reactions – Discover how different sectors are adapting to the changing environment and what you can learn from their approaches.
- Unlocking brand partnerships – Find out how to establish both complementary and unlikely brand partnerships to broaden your market reach.
- Diversifying revenue streams – Explore innovative ways to diversify your revenue streams and ensure a stable financial future for your business.
This webinar is essential for retail professionals, business strategists, and anyone looking to future-proof their retail operations against economic uncertainties. Whether you’re a small business owner or part of a large retail chain, the insights shared will be invaluable in guiding your strategic decisions.
Don’t miss this opportunity to gain a comprehensive understanding of the current retail landscape and learn how to effectively diversify your revenue streams. Equip yourself with the knowledge and tools to navigate the challenges ahead and drive your business towards sustainable growth.
Where to join the webinar
Join IRX and Webloyalty’s Senior Business Development Director, Richard Piper; CEBR’s Managing Economist and Forecasting Lead, Sam Miley; and CEO / Founder of Digi Reach, Ben Helyar on Tuesday 16th July at 2pm BST (GMT+1).