Lack of long-term thinking ‘stifling growth’ in retail sector

A lack of long-term thinking is stifling growth in the Irish retail sector, particularly when it comes to own-brand development, says one leading retail commentator.

Rabobank analyst Francois Sonneville believes that perceived volatility in the retail marketplace is creating a slowdown in new product development. The horsemeat and other food scandals have made consumers less predictable, leaving food and drinks manufacturers and retailers hesitant to invest in new products.

Mr Sonneville says retail chains are particularly missing opportunities to sell new products within their own private label ranges. A beverages specialist, he will also apply his thoughts to missed food retail opportunities at tomorrow’s Checkout Conference at the Four Seasons Hotel, Dublin, where he is a key speaker.