Retail thrive series 2022
14 March 2022
The 5 key trends impacting NZ’s retailers in 2022, and how you can turn them into opportunities
New Zealand’s retail sector has once again proved its resilience. 2021 brought a suite of new difficulties, including the country’s longest lockdown. Now the sector is dealing with new staffing and economic challenges caused by Omicron. And yet through it all, many of our retail businesses have proved that no matter what happens, they will not only survive but thrive.
2022 will see fresh challenges. Disruption is coming - large online retailers have signalled moves to set up shop in New Zealand, staffing is going to become an issue as Kiwis look to travel, and there will be increasing demands from consumers for more sustainable products and practices from the businesses they buy from.
But as with any set of challenges, they will also bring many opportunities. Retailers who stay on top of these trends and take the time to reflect and plan for the year ahead will create a stronger, more resilient business – one that’s ready to take on anything that 2022 may throw at them.
Click on the infographic below to find out BDO’s view on the top 5 trends affecting retail this year and some tips for how you can turn them into opportunities.
We'll be releasing deep dives on each of these key trends in the coming year. You can read our first article below:
If you'd like to learn more about any of the key trends mentioned, or would like advice on how you can best take advantage of the opportunities they present, reach out to your local BDO office today.