Lecture 3   Future Trends In The Global Retail Industry
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Lecture 3 Future Trends In The Global Retail Industry

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Lecture 3   Future Trends In The Global Retail Industry Lecture 3 Future Trends In The Global Retail Industry Presentation Transcript

  • Lecture 03: Future Trends in the Global Retail Industry PRESENTED BY: Ian Agoncillo Paca ña
  • Agenda
    • Global Retail Industry
    • Future Trends
  • Global Retail Industry
  • Future Trends in Retailing
    • 1. No more one size fits all.
      • Retailers will carry products that appeal to various consumer mindset
    • 2. Experience Excels.
      • Customer buying experience will be important
    • 3. E-commerce: more Action than Transaction.
      • E-retailing will be used more than just for simple transactions
  • Future Trends in Retailing
    • 4. Smart Shopping.
      • Consumers will accept new technologies that give them better information and more control over the shopping process.
    • 5. Smart Stores.
      • Stores use technology for better space usage and employee efficiency.
      • Over time, these solutions will replace human resources.
    • 6. M-commerce will continue
      • The selling of products and services via mobile devices will grow.
  • Future Trends in Retailing
    • 7. Retailers Act like Suppliers.
      • As retailers grow and become more global, they will seek alternative sources of supply.
    • 8. Brand Sharing.
      • Retailers will plug into each other’s shopper base and use location strength through innovative store-within-a-store, or brand-sharing, partnerships.
    • 9. Suppliers Become Retailers.
      • Supplier direct-to-consumer will become a more practical scenario in the future.
  • Question and Answer Q & A
  • References
    • Berman, Barry & Evans, Jpel, Retail Management 10 th Ed. (Person)
    • Retail Forward, Inc., “Twenty Trends for 2010: Retailing in an Age of Uncertainty”