The sky is the limit for retailers that respond to sustainability issues and those bold enough to experiment and strike into emerging markets, according to the latest research by international food and grocery expert IGD. In its latest report, “Global Retail Innovation: Ten to Watch 2007,” IGD lists 10 retailers around the world that it feels demonstrate strong growth prospects, sound business practices and innovation.
Two U.S. companies made the list: online powerhouse
The report found a company’s stance on sustainability is fast becoming a key factor in consumer buying decisions.
“Sustainability has to be backed up by substance and robust measures,” said Jonathan Gunz, senior business analyst, IGD, and report author. “Consumers are increasingly savvy. They will see through sustainability half-measures that aren’t backed up by genuine action.”