From the rise of unique store formats that compliment service-based businesses & physical return centers for online retailers to the closure of full line department stores too traditional to service these changes & bank branches with oversaturated presence.
We're experiencing massive evolution in commerce. The lanes of store and non-store, product and service are merging and intertwining and going to new places.
Customers are wanting things they didn't know they could have or even wanted.
From where I sit with my mission in hand, to promote more humanity in the way we do business, I see this:
The retail landscape is ripe with low hanging fruit for independent retailers to study where the retail industry is moving and get there faster, increase profitability, and do it with brand integrity.
Morphing sales channels cast down on brick-and-mortars.
Let's take this opportunity to shape New Retail.
Overall spending increased 4.7% over last year carried by online and non-store sales, which grew 12% year-over-year.
For the past two weeks I've shared key tips for retail businesses: how to review your cyclical business and how to plan for the next cycle. If you haven't listened to these trend reports, the hour of your time will yield insights far more valuable than 60 minutes.
- The State of Brick-and-Mortar Retail
- S.W.O.T. Analysis: Use your size to your advantage
See you live on Facebook!
Author, Unknow. "SpendTrend Report: Holiday Season 2016." SpendTrend Report: Holiday Season 2016.
First Data, 09 Jan. 2017. Web. 19 Jan. 2017.