I’ve just had an article published in STOrai Magazine. This is the monthly magazine for the Retail Association of India, one of the largest such groups in the world.
The article takes a look at the trends which will define the world of retail through the next 1, 2, 5 to 10 years.
I’ve been doing quite a few keynotes in the world of retail for quite some time, with clients that including for The GAP, the Walt Disney Company, Loblaw and global conferences for both Yum! Brands and Burger King. There’s a lot more information in the Retail Trends section of my blog.
These have ranged from speaking for small groups around a boardroom table (with the CEO and senior management team of several major retailers) to 7,000 person events in Las Vegas.
While dong my research for a recent event, I came across a great quote from Cyriac Roeding, CEO of Shopkick (which develops location- based shopping apps available for Macy’s, Target and other top retailers) ….. “The next five years will bring more change to retail than the last 100 years.”
I certainly believe that to be true.
I also believe that there are quite a few retailers who aren’t quite ready for the scope, speed and breadth of the change that is underway.
The article does a good job of putting into perspective just a few of the trends that are sweeping the world of retail. Much of it is being driven by mobile technology — which is coming to influence not just purchasing behavior, but the Continue Reading