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Brands will matter more in the world the virus leaves behind, and those that work now to build trust with an essential, authentic purpose will be survivors.
This article summarizes the COVID-19 China’s “new retail” strategies, generational commerce transformation trends, and the latest global and regional retail sales forecasts post the pandemic, as well as uses Nike's response as an example of the positive actions taken by retailers during the health crisis.
A new study indicated that the coronavirus could impact over 5 million businesses worldwide. Eighty-seven percent of USA companies with operations in China expect the outbreak to negatively impact revenue. Of that number, 24% expect declines of 16% or more. The impact on retail could be significant.
Post-World War II, technology has been the primary engine driving the retail industry's transformation through three powerful megatrends. As we approach the perfect vision year 2020, this article summarizes the state of the third and most important megatrend—mobile communications and the smartphone.
Tony D'Onofrio recently spoke on the "Disruptive Future of Retail" at the LPM annual editorial board meeting. His presentation explained the key trends driving the digital transformation of the global retail industry. This article summarizes his presentation.
“It’s quickly becoming the most precise tool in our arsenal to meet an individual consumer specific need at the exact right moment...I think this will help us create the capability to grow profitably across the breadth of the portfolio and ultimately, again it’s putting ourselves in position to serve consumers in a way that gets them the product that they need when they want it and where they want it.” - Mark Parker, Nike CEO
The Loss Prevention Retail Council recently launched it's latest initiate called LPRC Innovate. LPM contributor Tony D'Onofrio was there and provides details on his latest blog post. He also summaries two LPRC research surveys. One on self-checkout theft and a second on theft by opioid-abuse offenders.
“Norman (Mayne, CEO of Dorothy Lane Market) is a truly unique merchant. He has a special ability to identify concepts and products that will...
Several weeks ago I had the pleasure of participating in a Rethink Retail podcast with Bryan Gildenberg, chief knowledge officer of retail, sales and...
This post will introduce you to what I believe are the top three next-wave retail growth technologies.
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