This is a curation of trends, ideas and cases on the theme of the future of retail and global and local transformations in the sector that catch my attention each week. http://www.scoop.it/t/transforming-retail
I founded DIG360 in 2008, the latest incarnation of my retail advisory service I began in the mid' 1990's. A common theme throughout has been a keen eye for the emergent forces that are shifting and shaping the future of retailing.
In this context, we help retail and 'retail-minded' executives make better, more customer-relevant decisions in times of change. This encompasses those in the social enterprise and B-Corp space wishing to compete on better experiences for constituents, as well as those organizations selling into the retail channel.
Gap Inc. and Nordstrom Inc. reported December same-store sales that topped analysts’ estimates as retailers kept inventory lean in a tepid holiday season and attracted shoppers with last-minute discounts.
Retail is a restless business, and fashion retail is even more so. Entrepreneurs are constantly coming up with new ways to grab customers by the collars and get them to not just pay attention, but shop and buy.
With the weather forecast promising sun all weekend, the last thing you’ll want to be doing is traipsing around the shops. (RT @JillEasterbrook: Take a look at F&F's augmented reality poster - gorgeous!
Global Economic IntersectionConsumer confidence closes October at five-year highLos Angeles TimesWASHINGTON -- Despite looming tax hikes and budget cuts, Americans felt better about the economy this month than at any time in the last five years with...
A new report by Nielsen, the “Most Valuable Generation,” in collaboration with BoomAgers, shows that in five years, 50% of the U.S. population will be 50+. These consumers spend close to 50% of all CPG dollars yet less than 5% of advertising is geared towards them. These high potential consumers have been largely unaddressed by marketers and advertisers since they started to age out of the popular 18-49 cohort.
In the next five years, Boomers, born between 1946 and 1964, are set to control 70% of the disposable income in the U.S., and they stand to inherit $15 trillion in the next 20 years. As they age out of the work force, 67% of Boomers plan to spend more time on their hobbies and interests, moving from a life of making money to one that is spending money....
Walmart recently opened a new small format supercenter prototype in Toronto, Canada in late January. The 90,000 square foot store, commonly known as the Urban 90 format, is dramatically smaller than the traditional 200,000 square foot supercenter and takes only 34 weeks to build, compared to the typical 52 weeks for the typical store. This launch marks another major milestone in Walmart’s push to smaller and more proximity-based stores, after its opening of the Express format last summer. This concept is not unique, as other big box retailers are testing similar small formats, including Target’s “City Target”, set to launch five stores this year (previously highlighted on instoretrends). How has Walmart adapted its big box to this more limited footprint?
Lifewear. “Lifewear is the theme of our collection. But it’s meant to be continued every season. Like iPhone 4, iPhone 5. It’s the idea of continuation, but with updates: new elements, new fabrics,” explained Naoki Takizawa, Uniqlo’s design director.
For example, having realised the importance of nurturing its 'omni-channel' customers, John Lewis installed Wi-Fi in its stores to facilitate price comparison and product research in-store. Having introduced a policy that ...
Telegraph.co.ukM&S takes multichannel innovation to new storeInternetRetailing.netThe general retailer, which has said it aims to turn over £1bn from multichannel retailing by 2013/14, has included QR codes, free customer wi-fi, and screens to search...
On June 6, Larry Ellison--CEO of Oracle, one of the largest and most advanced computer technology corporations in the world--tweeted for the very first time. In doing so, he joined a club that remains surprisingly elite.
While you may be wondering how to go about making m-commerce and omni-channel payments work for you, a group of big American retailers – including 7-Eleven, Target and Wal-mart – have decided to join forces and ...
TG DailyApple retail exec: "we messed up"TG DailyApple senior vice president of retail John Browett reportedly sent an internal email to management teams at its stores, saying that the company wanted to try a new "formula" that didn't work out.
Best Buy has struggled the most with the new “showrooming” problem brought on by the trend towards ‘commerce anywhere.’ The concept, which describes the fact that consumers are researching items online and buying them for a lower price in-store, has been most prevalent among retailers that offer big ticket items like those playing in the consumer electronics channel.