Future Retail Newsletter #112

Chinese consumers will make up half of global luxury purchases by 2025, Gen Z will shape the future of retail post COVID-19, and VR pop-ups will start to show up from more retailers.

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voguebusiness.com RETAIL // Retail’s Slow Steps Towards A New Normal More countries in the West reopen shops as the conversation around the need to change the fashion system picks up among industry players. Read More edited.com RETAIL // How COVID-19 Is Disrupting The Retail Calendar From digital runway shows to a decline in arrivals, discover how COVID-19 has impacted decision making and changed the retail calendar. Read More finance.yahoo.com RETAIL // Retail Sales Plunge A Record 16.4% In April Amid COVID-19 U.S. consumer activity took another massive blow in April following a record plunge in March. Read More t.co TECH // China’s O2O Retail Leads In Technology, But Is Letting Us Down In Content China’s O2O ‘new retail’ scene is missing out on opportunities to connect with consumers in ways that improve their lives, says Dennis Potgraven, Havas Group’s Greater China chief strategy officer. Read More morningbrew.com TECH // As Physical Retail Declines, Storefront Explores VR Pop-Ups Permanent and temporary stores closed in mid-March when the coronavirus pandemic escalated. That led to a cataclysmic shift for the pop-up providers known as the Airbnbs of retail. Read More jingdaily.com CONSUMER INSIGHTS // Chinese Consumers To Make Up Half Of Global Luxury Purchases By 2025 Thanks to China’s speedy recovery from the COVID-19 lockdown, its vast generation of young and internet savvy consumers, brands that can understand the China market are likely to survive this crisis and thrive in the long-term. Read More blog.afterpay.com CONSUMER INSIGHTS // Gen Z Will Shape The Future Of Retail Post-COVID Did you know that Gen Z is now the most influential cohort of shoppers in the U.S.? Gen Z will represent 40% of shoppers in this year, taking the top spot from Baby Boomers. Read More springwise.com BRAND HIGHLIGHT // Stadt Hotel Turns Rooms Into Pop-Up Restaurants A Swedish hotel has repurposed its rooms as pop-up restaurants in order to allow for socially-distanced dining Read More fastcompany.com BRAND HIGHLIGHT // Inside The Cleaner (But Less Convenient) McDonald’s Of The Future COVID-19 will change what it’s like to eat at a McDonald’s so much that maybe we’ll just stick to drive-through. Read More barrons.com BRAND HIGHLIGHT // Best Buy May End Coronavirus Pandemic As A ‘Winner in Retail’ Telsey Advisory Group saying the electronics retailer is gaining market share and benefiting from more telecommuting and online shopping. Read More outform.typeform.com OUTFORM // Newsletter Survey How are we doing? Please take a moment to provide your feedback on our Future Retail Newsletter. Read More outform.com OUTFORM // Get More Innovation News Check out previous editions of the Future Retail Newsletter for even more on tech, innovation, design, and retail. Read More