Brick-and-mortar retailers poised for promising signs ahead this year

Several retail chains are uncovering expansion potential in underserved markets with huge growth potential, according to data by Placer.ai in its white paper “10 Top Retail Brands to Watch in 2023,” which takes a closer look at these brands, in sectors ranging from quick-service restaurants (QSR) to footwear. As consumers begin to feel more optimistic about the economy, these brands seem poised to win in 2023.

Some are capitalizing on shifts in consumers preferences while others are doubling down on value pricing to appeal to bargain hunters.

Brick-and-mortar retailers faced a wide range of challenges in 2022 as a looming recession and record inflation shook consumer confidence. Still, there are plenty of promising signs ahead inthe new year.

To read the full report, click here.