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Top 25 Retail Website / Global Retail Influencer

 

Retail

 

Internet

As the internet is the primary foundation for industry disruption, every year I look forward to Mary Meeker's latest trends report. 

Global Internet Growth is Slowing

The internet global population is now at 3 billion. Overall growth is flat at 9% year on year.  Excluding India, global internet growth was only 7%. This contrasts to 2009 when the internet was growing at over 15% per year. 

India now has 277 million people on the internet, growing at 40% in the last reported year. In 2015, India passed USA to become the number two global user market behind China. 

 

brand 1027862 1920 thumb"A business based on brand is, very simply, a business primed for success" - David F. D'Alessandro

Forbes recently published the latest list of the Top 100 World's Most Valuable Brands. By the numbers, following are key insights from the 2016 edition:

Top countries: USA (52 brands), Germany (11), Japan (8), France (6), Switzerland (4).

Top Industries: Technology (17), Financial Services (13), Automobile (12), Consumer Package Goods (10), Luxury (8), Retail (8).

Biggest Gainers: Facebook (44%), Netflix (31%), Google (26%), Amazon (25%), Citi (19%).

Biggest Losers: IBM (-17%), Coach (-13%), Caterpillar (-11%), Siemens (-8%)

 

"Customers attach value to a product in proportion to its perceived ability to help solve their problems or meet their needs. All else is derivative...There is no such thing as a commodity. All goods and services are differentiable. Though the usual presumption is that this is more true of consumer goods than of industrial goods and services, the opposite is the actual case." - Theodore Levitt, Harvard Business School

Profit

The future of retail requires:

Immersive interactive customer experiences across all channels, both virtual and in the store. Store associates as passionate brand ambassadors that engage a mobile educated shopping consumer.

Back to retail basics, this means that store employees need to spend the majority of their time on the actual sales floor interacting with consumers. All tasks that detract from the actual retail selling process need to be either totally eliminated or highly minimized. 

Recently, I had the pleasure of introducing a new Tyco evolutionary technology solution branded "Source Tagging as a Service" (STaaS).  On multiple levels, this new innovative service delivers a secure and profitable future of retail.   

What is Source Tagging?

 

Are Department Stores the Dinosaurs of the Digital Age?

printemps 535685 1920In March, I had the pleasure of speaking at an Intercontinental Group of Department Stores (IGDS) industry conference in Amsterdam. My topics included a retail industry update, the future destiny of the department store, and the sector's RFID adoption trends. 

A November 2015 article proclaimed "The long, painful death of the American department store."  

Are department stores stuck in the middle trying to serve all consumer segments? Are the stores too big and missing the industry trend of stores getting smaller? Is retail sales growth possible for department stores? How can department stores evolve and thrive in the future of retail?

 

Key Insights from the 2016 Global Powers of Retailing

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Every January, Deloitte publishes an updated view of the Top 250 largest global retailers. Following is a synopsis of my favorite content from the 2016 19th edition. 

Navigating the New Digital Divide

 

In New York this past month, NRF invited you to a special area on the trade show floor to "see, touch and experience some of the most interesting and Innovation2innovative products finding their way into the marketplace and some that are still on the drawing board. The (NRF) iLab features the products that inspire customers to buy and the brands to innovate."

Following is a partial list of some of the innovative products on display.

Hello Barbie Doll "Play" Innovation

Using Wi-Fi and speech recognition technology, Hello Barbie can interact uniquely with each child by telling stories, playing games, and even laughing at jokes. With more than 8,000 phrases, Hello Barbie enables enhanced play experiences never before possible with a fashion doll. 

Rebecca Minkoff Notification Bracelet Fashion & Design Innovation

 

IMG 2419

The 105th USA National Retail Federation (NRF) and EXPO delivered more than 33,500 attendees, hundreds of educational sessions, miles of exhibits, and some technologies that boggled the mind.  I would describe the event as a cornucopia of digital innovation.

The NINE retail disruption takeaways from NRF 2016 include:

The Robots Are Here

In a recent post, we introduced OSHbot deployed at Lowe's and Tally from a San Francisco startup. At NRF 2016, I had the pleasure of meeting Pepper, a friendly and smart retail focused robot assistant (photo).

 

2016 Retail Innovation Predictions

In Part 1, we discussed the following 2016 retail technology headlines:

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The Retail Robots Are Coming There Goes Another Drone Omnichannel or Die Analyze This  The Smart Store Revisited

In Part 2, we will focus on branding the future of retail, venture into the internet of things, and do some micro shopping of the target consumer. Can you believe that in 2016, we will still go to stores to shop?  Finally, in the spirit of the new Disney Star Wars movie blockbuster, we will discuss whether the "force" is still with the retail industry.

 

2016 Retail Innovation Predictions

shopping 1015559 1920

It's that time of year when once again we reflect on the retail industry's progress as it transitions forward to new horizons. Disruptive change continues with online sales being an even bigger influence on the just completed holiday season. New technologies continue to transform the vibrant retail industry.

The retail robots are coming and if you look close there goes another drone. Is it time to omnichannel or die? Why don't you just analyze this? Is the 'smart store' finally here?  

In part 1, we envision five of the top ten retail technology headlines that will be popular in 2016. 

 

Top 12 Insights from the 2015 Global Theft Barometer

The just published Global Retail Theft Barometer (GRTB) is an annual study of the losses from merchandise shrinkage in the global retail industry.  The researchstealing for the 2015 edition was conducted by the Smart Cube and Ernie Deyle and it was commissioned by Checkpoint Systems. 203 retailers in four regions, covering 24 countries contributed data for the latest report. 

1. Global Retail Shrink

Retail shrink in the countries surveyed was estimated at $123.4 billion or on average 1.23% of retail sales. "Shrinkage has been observed to increase in most of the reviewed countries and by 0.48 pps globally. In the 16 countries where like-for-like analysis was possible, shrinkage increased in 10 and decreased in 6."

2. Global Regional Retail Shrinkage