Amazon, Evolving Trends In Retail Prove A Challenge For Suppliers

Technology has given today’s shopper more power and retailers aggressively tailor their business models to win the consumer’s spending, an amount being reduced by subscription commitments, said Paul Cantrell, global team leader for NPD Group.

He said consumers, particularly Millennials, have signed up for subscriptions on everything from razors, meal kits, Netflix and Amazon Prime. The subscription payments reduce some consumer’s ability to shop brick and mortar. He said retail sales growth is largely flat and that’s a reason why.

Cantrell, along with Dirk Herdes, vice president of retail services at Nielsen, spoke to suppliers on retail trends Tuesday (Dec. 12) at the WalStreet Fireside Chat sponsored by the Greater Bentonville Chamber of Commerce.   MORE

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