Retail #1

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4 years ago

The Sticking Points

There's no doubt that the coronavirus is shaping new consumer behaviors.

Here are several behaviors that retail experts believe will stick around for some time:

* Consuming most/ all food at home.

* Ordering food/ beverages/ groceries online.

* Seeking experiences that bridge the physical and digital channels such as BOPIS (buy online, pickup in store) and curbside pickup.

* Utilizing the growing number of home delivery services.

* Consolidating/ severely limiting trips to brick-and-mortar stores.

* Visiting large-format stores only when in need of 10 items or more.

* Valuing frictionless interactions and services.

* Responding to promotions through smartphones and other mobile devices.

* Expecting "concierge-level" services online and through apps.

* Washing hands constantly.

* Carrying PPE (personal protective equipment), such as hand sanitizer, disinfecting wipes and masks, as a matter of habit.

* Feeling increased love for one's local community.

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