Evan Sheehan,Global Retail, Wholesale & Distribution Leader from Deloitte, said in the Global Power of Retailing 2022 report: “Despite a year of economic fits and starts, retail appears to be on an upward trajectory, with innovation in digital and sustainability as exciting bright spots in the face of the disruption and uncertainty. Unfortunately, churn is likely to stick with us for a while, so anticipating customer needs has never been more critical. The retailers that can get consumers what they want, where they want it, and when they want it will be the ones that continue to win - No matter where they operate.”
The Covid-19 pandemic rocked the retail industry and its effects were felt throughout all economic sectors. It also meant that businesses had to step up their online game to continue engaging and attracting customers despite the ongoing pandemic. Their rate of adaptation could be the thing that allows them to overcome the challenges brought about by the lockdown. Whatever the case, technological and social shifts are unearthing several retail trends.The shifts in retail are less of a seismic shift and more of a gradual change.
The INLET, the latest venue in Shanghai's bustling arts and cultural scene, opened to the public after three years of renovation. Located near one of Shanghai's major commercial streets, North Sichuan Road, the venue is converted from a century-old compound comprising 60 shikumen-Shanghai-style stone-gate housesand eight standalone buildings.
The 60 shikumen houses were built in 1928 and spanned nearly 7,200 square meters. The renovation of the compound started in 2018 after the acquisition of the old buildings in 2014 by local government. Chongbang Group was responsible for the compound's renovation and commercial development.
Performances, exhibitions and fairs take place in the INLET. "The INLET is a stage for art," says Zheng Bingze, CEO of the Chongbang Group, adding that he hopes young people in Shanghai will participate in cultural activities there.
On the afternoon of 5th November, the marketing club of the University of Manchester Alumni Association and the INLET warmly welcome our alumni to join this retailing event, and to participate in a "zero waste" creative workshop organized by SAFONE.
Host:
Aileen Wei, GMBA Alumni of the University of Manchester
Founding Director of Zero Waste Beauty & SAFONE
Guests：
Litao Yu
Senior Dirctor, Chongbang Group
Yilin Li
Director, Chongbang Group
Host for the workshop：
Ms. Millie Tiwatmuncharoen
Designer， SAFONE
Time:5th November 13：30-16：00
venue：2nd floor, LiFang, Unit 6，The INLET，No. 989 North Sichuan Road，Hongkou District，Shanghai
Agenda
EN