Global Retail in 2023: Five Forces, Five Trends

What's Inside

Part of our Retail 2023 series of outlook reports, our flagship annual report outlines our trend expectations for the year ahead in retail globally. We discuss five forces set to impact global retail in 2023—including high inflation and interest rates—and reiterate our RESET framework for retailers to respond to short-term consumer needs while securing longer-term success. 

Data in this report include:

• Global economic context—GDP growth, inflation and unemployment rates in China, France, Germany, India, the UK and the US
• US store openings by sector, 2012–2022YTD  
• Findings from recent Coresight Research surveys of consumers and businesses—across topics such as sustainability, wellness, GNFR costs, retail media and inventory management

Other relevant research: 

• 2023 Retail and Technology Outlook: Facing into the Headwinds
• Look out for future reports in our Retail 2023 series, publishing over the next two weeks, covering retail technology, China e-commerce and retail in India. 

Contents

Five Forces

Five Trends

1.Responsive… To Accelerated Structural Frugality

2.Engaging… To Drive Long-Term Loyalty

3.Socially Responsible… as a Buttress Against Trading Down

4.Expansive… To Pursue Alternative Revenue Opportunities

5.Tech-Enabled… To Empower a Productivity Push

What We Think