Tony D'Onofrio
Retail
" The (RFID) industry got out in front of its headlights and over invested in a phenomenon that just wasn't ready to take off yet—and that, by the way, happens all the time. The RFID industry, in general, has underperformed, because it was impatient and tried to drive toward a tornado too quickly. It is easy to see that in hindsight. There are real problems to be solved, and in the current market's state of adoption, end users want to give RFID companies money, but not for tags and readers. They want to give them money for solutions to their problems. If the RFID industry responds to that, it will be successful." -- Geoffrey Moore, Author of Crossing the Chasm, as quoted in RFID Journal (June 4, 2012)
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To promote excursions and products from the country, the India Ministry of Tourism has been running a marketing campaign with the brand line "Incredible India." My favorite post this past week was a reminder that this same tag line "Incredible India"can be applied to the nascent modern organized India retail industry.
Favorite Weekly Post: Government of #India opens #retail supermarket sector to foreign chains. Good news for global retailers, eg #Walmart- Details
For the last several weeks, Time magazine has been running a series of articles on the "Future of Retail". Following are the four topics highlighted to date:
(Retail) Companies That Profit By Investing in Employees - http://ow.ly/dK1rQ Will Amazon Take Over the World? - http://ow.ly/dK1uu Reports of the Shopping Mall's Death Have Been Greatly Exaggerated - http://ow.ly/dK1wB- Details
Meet Michelle Phan, a retail consumer turned YouTube video star by simply going shopping. Follow this link to see her "$20 Makeup Challenge Haul (video)" http://ow.ly/dzhdI that has gone viral with almost 1 million views from around the world.
Eighteen months ago, ran across an article highlighting a new YouTube phenomenon labeled "Haul Shopping Videos". Always keeping on eye on the future of retail, pondered at that time whether this was a fad or a trend of the continued industry evolution.
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The current pace of RFID retail expansion and its historical roots sometimes reminds me of that age old question that an innocent child always asks on that long car trip - Are we there yet?
Contemplating that question led to the selection of the following as my favorite post from this past week:
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It is a Small World
Continuing our journey to learning something new, we go to my native land of Italy and the city of Rome. According to Roman legend, the city of Rome was named after its founder, Romulus, the first king of Rome.
Modern Rome has 280 fountains and more than 900 churches. Nearly $1 million worth of coins are tossed into Rome’s Trevi Fountain. The proceeds are donated to the charity Caritas to help those in need.
The first ever shopping mall was built in Rome between 107 and 110 AD by Emperor Trajan. It sold a wide variety of goods and grocery items. Rome’s first university, La Sapienza, established in 1303 AD, is the largest in Europe and the second largest in the world.
The Romans gave us our calendar. In 46 BC when Julius Caesar was in Alexandria, he marveled at their calendar which was based on the solar year. After Caesar’s trip he instated the new Julian calendar which would be 365 days with an extra day at the end of February every 4 years – the leap year! It wasn’t until after Caesars death that a month was named after him. Originally July was actually named Quintilius.
This picture is one of my favorites from 2024. It is from a villa in Rome where with Sensormatic we celebrated successes of our global business partner network.
It has been an amazing fulfilling year and I am looking forward even more to an even better 2025. Our future, including what is in front of us, has not been written. Always remember that you are in control of your destiny and can craft the life you always dreamed about.
Have a happy, healthy, safe, and prosperous New Year. In my native Italian, a toast to all of you, 'Salute', which literally translates 'to your health'.
Categories
Brilliant Research
The Impact of Retail Theft & Violence 2024 in USA Retail
USA retailers surveyed experienced a 93% increase in the average number of shoplifting incidents per year in 2023 versus 2019 and a 90% increase in dollar loss due to shoplifting during that same time period. And the rise in shoplifting has continued past the pandemic. 73% of those surveyed say that shoplifters are exhibiting more violence. - From National Retail Federation Read more
Smart Infographic
Visualizing What the World Googled in 2024
Insightful Videos
Why Food Prices Are Still So High In The U.S. -CNBC
As inflation cools considerably, prices for items like gasoline, used cars and energy have all declined accordingly. But food prices continue to outpace inflation, increasing by 28% since 2019. Read more
