Gordon Brothers, the global advisory, restructuring and investment firm, has published two articles about the digital transformation and shifting consumer behavior within the retail industry. As a result of the ongoing pandemic, customer journeys are now more digitally focused, and more shoppers are looking for easy online or mobile purchasing.
The first article, titled Shifting Consumer Behavior Forces Evolution of the Mall, analyzes how malls have evolved to meet changes in consumer behavior. Author Tim Shilling, Managing Director, Retail examines how retailers are accelerating their digital strategies to keep up with the boom in e-commerce and the changing nature of consumer demand.
“It seems another phase of the mall’s evolution is upon us,” said Shilling. “Malls are not going to vanish entirely anytime soon, but the future of the mall could look different for both owners and occupants.”
The second article, titled When It Comes to Retail, Convenience Is the Name of the Game, takes a closer look at the accelerated digital transformation and how the ongoing pandemic has made technology more important than ever before.
Authors Rick Edwards, President, Retail and Liz Sarhaddi-Blue, Managing Director, Retail provide an overview on how retailers have pivoted to offer conveniences like same-day delivery, curbside pick-up, buy online pick up in store and easy returns. They also review how the pandemic has accelerated payment digitization and increased the use of frictionless payments.
“Like many in the retail industry, Gordon Brothers believes these pandemic-accelerated shifts in consumer behavior, increased demand for convenience and surge in digital payment tools will remain after the effects of the pandemic subside,” said Edwards.
The articles are available on the Gordon Brothers’ website:
Shifting Consumer Behavior Forces Evolution of the Mall: https://www.gordonbrothers.com/insights/article/2021/shifting-consumer-behavior-forces-evolution-of-the-mall
When It Comes to Retail, Convenience Is the Name of the Game:
https://www.gordonbrothers.com/insights/article/2021/when-it-comes-to-retail-convenience-is-the-name-of-the-game
About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with over 30 offices across five continents.