Blog - FootMetrics

Google Mobility Report shows Retail Traffic Drops to a Significant Low in South Africa

The coronavirus pandemic has resulted in a massive shutdown of industries and supply chain disruptions owing to the closure of the major Chinese ports. As a result, the global economies dependent on China are grappled by rare “twin supply-demand shock”, and Africa was not an

How COVID-19 Pandemic is Changing Consumers Buying Behavior?

The uncertainty over COVID-19 continues to grow as a vast majority of consumers are now avoiding to visit crowded locations. Indeed, the situation greatly varies between different areas, but there are opportunities for retailers to learn from others in states that are ahead in responding

How is Coronavirus Changing the Retail Landscape in the Middle East?

UAE’s luxury retailers felt the pinch way before the response to contain the novel coronavirus has crippled several businesses in the region. The virus outbreak in Wuhan led to a drastic reduction in big-spending as travel restrictions and lockdowns in different cities of China kept

Technology is Reshaping Retail but not in the Way you Think

Technology is Reshaping Retail but not in the Way you Think Retail businesses are embracing the latest technologies with open arms. Consequently, many are of the view that the future of retail would be akin to “Jetsons-like” shopping experience, where they get to see gigantic

It’s Time to Reassess How to Measure Your Retail Business Performance

Measuring retail stores' performance is critical to any business. Though there are quite a few ways to do so, two fundamental metrics have been frequently used by retailers to quantify store performance. These are: Sales per square feet Store income statement The first one tells

Deloitte Outlines 6 Strategies to Navigate the Treacherous Waters of Retail

To be a smart competitor, many retail businesses have realigned their investment strategies in the past 10 to 20 years. From expanding their footprint via new sites to investing aggressively in all areas of the business, retailers across the globe have made significant moves. For

New McKinsey Research Shows 5 Major Shifts in the Middle East’s Consumer Sector

Amid uncertain job market and poor financial prospects, consumer and business landscape in the Middle East is rapidly changing, says new McKinsey & Company report. According to the research, consumers have greatly reduced their spending and are seeking more convenience. This implies that they want

McKinsey Insights — How Retailers in the Middle East Can Regain Profitability?

For much of the past two decades, Middle Eastern retailers—especially the ones operating in the GCC region—have enjoyed favorable macroeconomic conditions. From electronics to apparel, grocery, and several other retail sectors, every division has witnessed remarkable returns and profitability. In fact, the returns were above

Forever 21’s Bankruptcy Hints at Shifting Priorities of Consumers

Forever 21, the leading retailer that made fast fashion an undeniable trend in the US, announced it is filing for bankruptcy. The private, family-held retail chain store will wrap up its operations in Canada, Japan, and 38 other countries, as a part of the filing.

Global Retail Analytics Market to Grow at a Rate of over 18 Percent, Says Report

Analytics have enabled retailers to track customers' behavior and better understand their buying patterns in a store. This is perhaps the biggest reason why the global retail analytics market is seeing such strong growth. The latest Global Retail Analytics Market Forecast report reflects exactly just