Current Trends in Retailing

Current Trends in
Retailing

Table of Contents
INTRODUCTION...........................................................................................................................1
BACKGROUND........................................................................................................................1
Chosen organisation sector for the research................................................................................1
Rationale of study.......................................................................................................................1
Research Objectives....................................................................................................................1
Research questions......................................................................................................................2
Current Trend in retail sectors-........................................................................................................2
Literature Review........................................................................................................................2
Analysis of organisation..................................................................................................................3
An analysis of Marks & Spencer................................................................................................3
Research Methodology....................................................................................................................5
Recommendation.............................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
BACKGROUND
Retail is one of the world's largest and most important industries in the market. There are
many communities in this industry, and with the help of the whole world. The retail industry is
now growing by regularly providing an appropriate amount of goods and / or services to
customers. Therefore, there are many stores in the retail market that sell it and deliver their
products and services to consumers (Beacom, Hollywood and McLaughlin, 2020). In addition,
the use of advanced technologies in the system, the growth of transactions and data that will be
re-incorporated in the transition operations with the possibility for sellers to be able to have their
future growth and success In any case, the market structure is constantly changing, and this is a
high-risk industry. With the completion of this work, structural changes in the retail market will
be considered.
Chosen organisation sector for the research
In addition, Marks ' and Spencer's work will be evaluated in the light of the changing
situation to distinguish it from shortcomings and threats. Depending on the circumstances, it can
provide reasonable advice on how to fill in gaps in the organization of individual elements
(Kirillova and et. al., 2020). Further, M&S are also engaging in offering the variety of the
products in their product manifest and are also engaging in the financial services too, this is one
of the emerging retail organisation in UK,
Rationale of study
The foremost aimed of the following undertaking study is to examine the emerging
trends in the retail industry for anticipating the development strategy for M&S. one of the
emerging trend which has arises due to mobile internet penetration which made the shopping
more reliable and convenient in form of online shopping
Research Objectives
Research Purpose
Purpose of this study is “to classify the emergent style in the Retail in context to the
upsurge of online shopping and its stimulus on the organisational development”. A study on
Marks and Spencer.
Research Goals
1

 To be aware of the worth of online shopping trend within retailing industry. To classify the emergent and existing retail trends.
Research questions
 What is the impact of click and brick business structure for a retail business?
 What is the influences of online shopping upon evolution and supply chain of Marks and
Spencer’s?
Current Trend in retail sectors-
Literature Review
According to the viewpoint of Heinemann (2021), it was noted that the retailing sector in
the heat of deep roots whose critical role is to anticipates with the requirements and needs of
millions of people. In short, the retailing industry, working in the, B2C business segment. In the
case of the UK, this country is well known from various marketing programs aimed at meeting
the needs of the population. It is prominent that, linked to the last decade, the industry, retail has
changed a lot and has become more consumer-oriented, with easy consumer access to goods and
services, From the point of view of Brexit, the retail sector will have the greatest impact-this is
one of the most important policy areas, changing the dominant segment in retail. Retail
companies are taking steps towards Brexit, and the risk of its expected impact, but selling styles
based on the process, not the product, and the main tasks in this style are to put on free business
processes that would be too expensive and efficient and will allow you to specialize in sales in
the shortest possible time.
In line with opinion of Peirson-Smith and Craik (2020), they have talked about to the UK
retail industry, where it was noted that there are many opportunities in the industry. As for the
large-scale transformation of people from the traditional to online shopping, and the ambitious
renovation of the Clicks and Bricks, as well as digitization and online payment systems. Online
shopping is one of the most important models in which many sellers are often the trigger for it,
especially those who are sensitive and have the ability to use real estate to make how best to
communicate with a large number of customers (Yanco, 2020). E-commerce is becoming the
most popular store form. Up to the central post are now sold online. However, the main problem
is that the market is very busy, so retail sector organisation need to take the appropriate evolution
to differentiate themselves from the competitors.
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