A favorite annual report is AT Kearney's Global Retail Development Index (GDRI). The 15th annual edition is titled 'Global Retail Expansion at a Crossroads'.
Last week had the pleasure of being the Master of Ceremonies at the celebration of the 50th Anniversary of the founding of Sensormatic. Over 300+ current employees and a large number of alumni gathered in Boca Raton to honor the legacy of a very successful retail loss prevention brand.
I must admit that I was initially skeptical on the need to celebrate the past as my focus has always been on driving a positive future. This hesitation was reinforced by a recent article titled 'Why Steve Jobs Turned Down The Idea Of A Big 30th Anniversary Party.' "Apple is focused on the future, not the past," said Jobs.
50 years is a major milestone. Reflecting on the history of Sensormatic and its impact on retail loss prevention, it's an important time to assess the lessons of the past and celebrate the promising future ahead.
Vision, customers first, and teamwork are the strategy elements to the Sensormatic brand successful first half century.
Last week, I had the pleasure to attend a two-day Executive technology briefing at Microsoft headquarters in Redmond. A highlight was the retail technology tour where the latest technologies were integrated into a mock multi-store mall. In each of the store formats, lots of digital sensor solutions were feeding a growing computing cloud.
Concurrently to my visit to Microsoft, Pokemon Go continued its meteoric rise in becoming one of the most successful mobile games of all time. As of Monday, July 11th, Pokemon Go was seeing about 21 million daily active users, making it the biggest mobile game in USA history.
Just as impressive is the amount of time that each individual is playing with the app. The average iPhone user spent 33 minutes on the Pokemon Go app, "whereas only 28 minutes on the Facebook app, 18 minutes on Snapchat app, 17 minutes in the Twitter app, and 15 minutes in the Instagram app."
The 2016 USA National Retail Security Survey (NRSS) is jointly conducted by the Dr. Richard Hollinger of the University of Florida and the National Retail Federation (NRF). This year's survey had responses from 80 retailers.
In 2015, the average overall shrink rate was 1.38% of sales which cost the USA retail economy $45.2 billion. For the grocery sector, retail shrink increased from 3.2% to 3.6%. Specialty men's and women's apparel shrink was at 1.2%. Discount, mass merchandise, or super center retailers shrink was at 1.1%.
"The secret of getting ahead is getting started." - Mark Twain
Over the last several years, I have embarked on a focused journey to develop a global personal brand. The initial inspiration was Apple's discerning attention on simplicity in both their hardware and software which disrupted multiple industry sectors and revolutionized personal computing.
The insight was transitioning Apple's level of continuous innovation to the personal level. Formula elements that coalesced to shape my brand definition included constant career re-assessments, an interesting mix of personal passions, global leadership skills, and the recognized importance of staged goals for success.
As the internet is the primary foundation for industry disruption, every year I look forward to Mary Meeker's latest trends report.
The internet global population is now at 3 billion. Overall growth is flat at 9% year on year. Excluding India, global internet growth was only 7%. This contrasts to 2009 when the internet was growing at over 15% per year.
India now has 277 million people on the internet, growing at 40% in the last reported year. In 2015, India passed USA to become the number two global user market behind China.
"A business based on brand is, very simply, a business primed for success" - David F. D'Alessandro