Home is where the heart is Implications for retailers Plan and prepare for a shift to at-home and virtual for the medium term, as this is the new reality. Consider how to serve new social and creative occasions in the home that can be formalised and commercialised through new business models or services. Collaborate across industries to bring together products, content, engagement and digital technology to enhance ‘edutainment’ and digital paths to purchase. Retain new consumers and sustain new channels or increased levels of usage, by exploring key purchase motivators such as price, payment models, support and experience. Review the locations and formats of your stores, given the continued focus on the home for living and working, and on local and neighborhoodshopping. 15
COVID-19: How is the Retail Consumer Changing? Page 14 Page 16