1、 2024 EUROMONITOR INTERNATIONAL1Not to be distributed without permission.This report includes the latest data from Euromonitor International at the time of publication in June 2024.Retail Reinvention:A Framework for Future GrowthMichelle EvansGlobal Lead,Retail and Digital Consumer InsightsEuromonit

2、or International 2024 EUROMONITOR INTERNATIONAL2The reinvention of retailNew business modelsDiversified revenue streamsChannel expansionShopper expectationsA framework for future growthAbout Euromonitor InternationalAbout NRFContents35111722263637 2024 EUROMONITOR INTERNATIONAL3Since the mass produc

3、tion of goods became possible during the first industrial revolution,the wholesale business model has been the main way that shoppers bought goods.Retailers became the centre of the shopping experience with the physical store serving as the backdrop.But the retail sector isnt as straightforward anym

4、ore.Digitalisation caused structural industry shifts and disrupted the buying journey.New ways of selling emerged.And shoppers set higher expectations for personalised interactions and engaging experiences.The reality:retail gets reinvented.A clear outcome of this transformation has been the rise of

5、 e-commerce,which Euromonitor International expects to drive 56%of global retail sales growth in the next five years.56%of global retail sales growth is expected to come from the e-commerce channel over the next five yearsThe reinvention of retailSource:Euromonitor International,Passport RetailPush:

6、What drives the industry to explore new tools for selling products?Pull:What motivates shoppers to change their browsing and buying habits?Cutting-edge technologiesNew business modelsEmerging retail channelsNew competitors and partnersExplosion of consumer dataIncreased digitalisationGreater empower