PLACER.AI - Retail Trends Forecast 2023

The brick-and-mortar retail industry has faced several challenges in recent years, such as lockdowns and high gas prices, but consumer demand for in-person retail and retail services has remained strong. Leading retailers, dining chains, and fitness brands have found opportunities to establish new channels, expand into new markets, and cater to new audience segments, which are expected to open new avenues for success in 2023. However, some of the larger challenges facing the sector are likely to persist, which will also impact the wider retail space. This white paper examines key trends that are expected to shape the retail landscape in 2023, using foot traffic data, migration flows, and office recovery patterns to predict what the coming year may have in store for the brick-and-mortar consumer space.