Deloitte's annual retail outlook for 2025 indicates strong consumer spending growth of 3.1% and rising demand for durable goods at 4.7%. The report highlights consumer trends such as prioritizing experiences over goods, increased use of generative AI in shopping, and preferences for lower prices. Retail executives foresee growth in loyalty programs and digital commerce as key strategies. However, they are wary of challenges from climate change costs, price competition, theft, and consumer trust in technology, signaling a need for innovative approaches to thrive in 2025's competitive landscape.
Deloitte's report shows consumer spending will grow by 3.1% in 2025, highlighting shifts in priorities toward experiences and cost-consciousness in shopping.
Retailers face challenges from rising costs due to climate change, price wars, theft, and distrust in technology, demanding innovative strategies for growth.
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