With the threat of a recession looming, the new year brings about a slew of challenges for retailers recovering from a year of supply chain bottlenecks and inventory surplus.
But not all of 2023 is expected to be gloomy.
The expansion of the metaverse is likely to continue its growth trend as more retailers find new opportunities to connect its virtual base with real-life experiences.
Despite their struggles, the resilience of malls persists with foot traffic recovering post pandemic, along with an additional emphasis on shopper experience for brick and mortar in general.
