No matter how you look at it, Merchandising is the core of retailing. Merchants increasingly rely on technology and worry less about “merchant princes” as the arbiters of taste. This begs the eternal question: how do we blend the art of merchandising with its scientific underpinnings? And has the nature of the “art” changed with the times? -- From RSR Research
This ECR Europe report by Adrian Beck from the University of Leicester is focussed upon quantifying the risks associated with three forms of self-scan and checkout technology (SCO): Fixed (the consumer scans at a designated machine) Scan and Go (the consumer is provided with a scan gun by the retailer) and Mobile Scan and Go (the consumer users their own mobile device to scan items). Great read.
The good news is shoppers really like the BOPIS service when it is offered (4.40 out of 5-point scale where 5 is Extremely Satisfied and 1 is Extremely Dissatisfied). The bad news is there are wide disparities in the ratings across USA retailers due to issues of execution of the process. - IHL Research
The Future of Retail special report, published in The Times, explores the trends and technologies shaping the industry, from omni-channel retailing, to personalised subscription services. It covers the rise of modest fashion and how a career in retail can be transformed to cut staff turnover. From a UK POV great global lessons.
This year’s annual list of best companies to work for features Hilton in the top spot. But the companies on this list belong to a variety of industries, from grocery chains to tech organizations.First retailer is at No.3 and not a surprise.
Fast Company 2019 ranking of the businesses making the most profound impact on both industry and culture showcases a variety of ways to thrive in today’s volatile world. Multiple retailers on this list.
Companies are taking their first steps in a new world—one that tailors itself to fit every moment. It’s a world where products, services, and even people’s surroundings are customized, and where businesses cater to the individual in every aspect of their lives, shaping the very realities they live in. -- Accenture Technology Vision 2019
Adoption of AI-driven intelligent automation in the retail and consumer products industries is projected to leap from 40 percent of companies today to more than 80 percent in three years.
Global risks are intensifying but the collective will to tackle them appears to be lacking. Instead, divisions are hardening. The world’s move into a new phase of strongly state-centred politics. Technology continues to play a profound role in shaping the global risks landscape. - World Economic Forum
The world’s Top 10 retailers contributed 31.6% share to the Top 250’s total retail revenue in FY2017, an increase of 0.9% point year-on-year. The top three retailers maintained their positions, while Amazon jumped up two positions to No. 4 with the highest retail revenue growth of 25.3%. From Deloitte, a favorite annual report.
USA retail sales were up close to 6.0% after a 4.5% increase in 2017. Enterprise IT spending (which is a term used to describe overall IT spending) is expected to grow 5.2% (last year’s increase was 5.6%) and store IT spending is expected to grow 5.4% (5.8% last year). What tech will lead in 2019? A favorite annual report.
We expect 2019 will not be the year of retail apocalypse or even decline. Instead, it will be a year of reinvention — for the retail sector as a whole and for physical stores in particular. From Coresight Research Ten Retail Trends for 2019
This new IHL consumer research study highlights the Amazon Prime challenge and how retailers need to align their stores and execution to why consumers continue to come to their stores. IHL also offers 4 specific solutions that retailers must have in place to succeed going forward.
Page 18 of 34