Subscription services are sucking the life out of traditional stores. Retail survival requires aligning with consumer purchase behavior.
Topic: Retail Trends
Companies that don't embrace failure as a part of innovation, risk becoming irrelevant with fewer options to survive.
The 4Ps are dead. Successful retailers are now differentiating through the 4Es – Experience, Everywhere, Exchange, and Evangelism
Meet the 2017 World Most Admired Technology and Retail Companies. Lead, by actualizing your personal and professional brand value dream by engaging passionately with employees / customers and you will be most admired.
Fellow professionals, listening to all of you engage today in the User Group activities was a great reminder of one of my favorite personal quotes, "retail is a team sport". Reflecting on the day, two motivating themes loomed Passion and Being First.
It is not about stores versus online. Shoppers increasingly are blind to the differences. The consumer is the channel. Millennials and future generations as the rulers of retail will expect many magical differentiated experiences.
We are living in amazing digital revolution times where technology can drive continuous brand value improvements. Lead, by living your personal and professional branding dream.
Nothing is fair in love, war or retail. Amazon and large retailers are deploying technology that makes it impossible for many retailers to compete. To survive, tomorrow is "day one" to find something to differentiate value.
Why this is important: On the surface, omnichannel sounds like a panacea to bolster sales. But, some channels are far more costly than stores. CFOs face new challenges of balancing sales versus the increasing cost burden of omnichannel.