The View from the Top

Wrapping up last week's analyst and investor conference, Lee Scott, president and ceo, outlined what he saw as the most important trends impacting global retailing:

  • Consumers economically pinched, especially in North America, with spillover effect hitting South Americans too, as U.S. workers send home less money.

  • Rising consumer affluence worldwide, with the population of people earning $5,000 or more per year expected to rise by 10% annually through 2015 — creating more consumers with more disposable income coming into the market, particularly in China, Brazil, India and Russia.

  • Increased use of technology by consumers will redefine how customers relate to each other, society and to retailers. The retailer that figures out how to best tap into that change will be “very, very successful.”

  • Retail competition getting better at all levels: technology, logistics, labor efficiency and value pricing. “This is not just the large retailers -- it's retailers of all sizes.”

  • Global energy prices impacting both individuals and business operations.

  • Economic nationalism a growing threat as globalization and free trade create anxiety around the world. Businesses need to “step up and participate in that debate and make sure it doesn't just become a populist issue.”

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!