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Top 15 Retail Influencer / Top 25 Retail Website

"May your walls know joy, may every room hold laughter, & every window open to great possibility." -  Radmacher

 
 
 

"Step with care and great tact, and remember that Shopping's a Great Balancing Act." (1)

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As we enter the busiest shopping season of 2017, I started reflecting on the differentiation strategies for a successful transition to the digital future of retail.  What are the definitive formulas for retail success in 2018 and beyond?

The McKinsey Formula for Retail Success 

McKinsey in October 2017, published a great article on shopping and personalized marketing. "Targeted communications that are relevant and useful can create lasting customer loyalty and drive revenue growth of 10 to 30 percent."

As part of their marketing personalization analysis, McKinsey pointed to this simple formula:

 

Career & Life Advice from Tom Cruise, Don Corleone, & Rocky Balboa 

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Couple of weeks ago had the pleasure of being the Master of Ceremonies (MC) at our multi-day fiscal year kickoff meeting. Over 140 people from around the world joined us in Florida for the "Mission Possible" themed New Year event.

The orchestration of this event was a great reminder of the quintessential leadership success formula. It is never about you. My mission possible life and career has been inspired by these three success elements. 

Reticent Preparation

 

RFID - From Espionage to IoT Immersive Customer Experiences

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Couple of weeks ago had the pleasure of co-hosting a Retailer Performance Council for Tyco Retail Solutions in New York. This post was inspired by now customary welcome toast for our distinguished retail guests and a presentation by Dr. Sanjay Sarma from MIT titled 'The Inversion Factor - How to Thrive in the IoT Economy'.

History of RFID

 

Consumer Trends Collide with Increased Theft Opportunities

In December 2016, Amazon Go was introduced to the world. The premise of the new 'Just Walk-Out technology' store was to empower consumers to walk-in, pick up any products, and track it all through a virtual shopping cart. "When you're done shopping, you can just leave the store. Shortly after, we'll charge your Amazon account and send you a receipt."  

Click LINK to see the Amazon Go video

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No Lines, No Checkout. (No, Seriously, Go Steal Stuff)

 

Zones of Influence and Innovation Chains are the Future of Retail

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Have been an advocate for some time of the work being done by Read Hayes and the Loss Prevention Research Council (LPRC) at the University of Florida. The group's primary mission is on scientific approaches to improve LP strategies and interventions in fighting retail crime. 

Forty five major retailers, sixty solutions providers, and five manufacturers are currently LPRC members. All these companies have partnered in conducting over 120 real-world loss prevention research projects. 

LPRC Zones of Influence

 

“It’s not where you start that matters, it’s where you finish that makes all the difference.” – Tony D’Onofrio

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Maybe I have been luckier than most. Every day I am inspired by the potential possibilities to change the world. Every night, reminders swirl through my mind on how much I love my life. 

In a recent internal company video I was asked how I keep my passions alive, what gets me up every day and keeps me going. 

 

Meet the 2017 World Most Admired Technology and Retail Companies

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Concurrently with BrandZ issuing their 2017 top 100 global brands report which was analyzed in the last post, Fortune Magazine published their latest list of the world most admired companies.

In a digital highly connected world, branding and differentiated customer experiences will define leadership. What is the correlation between brand value and being most admired?  Which companies have already achieved the threshold in being on both lists? What differentiates these companies? Which industry trends are driving increased brand value and being most admired? Are western brands the future of these two lists?

The Top 10 Most Admired vs The Top 10 Global Brands

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