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The $30 trillion retail wake-up call. Is ecommerce eating the retail world? The recovery that is undeway to a new normal
In total, more than 70 million Americans have a criminal record of some kind. For those nearly 8 million Americans that have been incarcerated, their lifetime earnings declined an astounding 52%.
Have you ever wondered how many times and where each of us in USA is filmed by a security camera each week? A new research study has the answers. -from TDInsights Live
Livestreaming hits multiple major disruptive chords critical to the future of retail. Over the last three years this new retail ecommerce model has grown 453% and in 2020 will reach $129 billion.
Of the 253 total retail fatalities in the first half of the year, 28% were suspects, 40% were customers, 26% were associates, and 6% were law enforcement / security personnel. -from TDInsights Live
Pre-COVID-19, RFID in apparel was on a roll. Volumes finished at 10.3 billion at the end 2019, up 18% from the previous year. -from TDInsights Live
Post COVID-19 digitization will increase across harmonized retail channels. Online will need to keep searching for the human connection. Four technologies will increase in their importance.
Amazingly in just these two months, more money was spent online than the last 12 Cyber Mondays combined. What are the top 5 activities that stressed consumers miss most? -from TDInsights Live
Contrary to popular beliefs, all retail sales are NOT moving online. For USA, various forecasts have ecommerce reaching 20% to 21% of industry sales in 2020. -from TD Insights
Facial recognition is now in use in 98 countries, 12 others have approved it, and only 3 have banned it. Greater legislative scrutiny is needed in clarifying the rules and regulations of it.
In the lockdown phase, $250 billion in revenue was transferred from smaller companies that were forced to close to large companies that continued to stay open. -from TDInsights Live
As a first guest in this new video podcast produced by Tim Moore, Director of Global Loss Prevention at Swarovski, I examine the post COVID-19 "new normal".
Digital transformation is ahead that requires intensified focus on innovation, continuous learning, and stepping up your communication skills.
COVID-19 was an unexpected shock to global economic order. Much like a war, this health crisis will change how you work, go to school, have fun, and even how you shop. -from TD Insights
The future of retail was on display at the NRF Big Show in New York earlier this year. From that industry leading event, here are the top 3 disruptive innovation takeaways.
My current 3 primary emerging technology focus areas that are disrupting the future of retail. Foundational Internet-of-Things elements that will deliver a smarter more profitable retail store.
The robot revolution is here: As consumers continue to demand efficient and better-connected experiences, retailers are responding with a number of AI-driven innovation projects.
With artificial intelligence-enabled cameras, interactive displays & a massive data center, this store suggests a retail future that seems like science fiction. Video & Text Courtesy of Walmart Media
Tony D'Onofrio, former Chief Customer Officer for Tyco Retail Solutions, talks about Tyco / Sensormatic latest innovations, trends shaping retail, & new technologies that excite him the most.
Retailers have a very valuable often under-utilized asset in the store being met by an ever more knowledgeable digitally empowered consumer.
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There will be an Answer - Let it Be
Continuing our journey to learning something new, our next stop is the Rock N Roll Hall of Fame in Cleveland Ohio. This city was named after Moses Cleaveland, a surveyor from Connecticut who founded Cleveland in 1796 while surveying the Western Reserve.
Cleveland would go on to have the first electrified public square in 1879 (thanks to Charles Brush and his arc lamp), and become home to General Electric in 1892. It is also the city with the first indoor mall opening in the country in 1890.
Standing over Public Square is the Terminal Tower which when it opened in 1928, was the second tallest building in the United States. And if you needed some super inspiration, remember that Cleveland is where Superman was created by Jerry Siegel and Joe Shuster in the early 1930s.
Today, Cleveland is the home of the Rock & Roll Hall of Fame. The city’s own radio disc jockey Alan Freed both coined the term "rock and roll" and heavily promoted the new genre—and that Cleveland was the location of Freed's Moondog Coronation Ball, often credited as the first major rock and roll concert.
This photo is from the Rock & Roll of Fame featuring one of my favorite songs from the Beatles. “And when the night is cloudy there is still a light that shines on me. Shine until tomorrow, let it be.”
Retailers' Blind Spot for Holiday 2024
When asked about their top holiday concerns for 2024, retailers revealed a continued reliance on historical data for critical decisions, rather than leveraging current consumer feedback. Key uncertainties revolve around promotional strategies, understanding item volume drivers, and the potential impact of inflation. The outcome of the holiday season remains unpredictable, even from these insider’s perspectives. - From First Insights Read more
The Future of Retail in Asia-Pacific: From Turbulence to Resurgence
Why EV Leases Are So Cheap Right Now In The U.S. -CNBC
Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. Read more
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