Psfk helps brands and retailers build tomorrows customer experiences through custom research, trend reports, industry newsletters, consulting and workshops. Retail mgmt ch 5 social science flashcards quizlet. This major report from psfk provides a roadmap to help retailers build more compelling experiences with shopper data. The impact of dynamic presentation format on consumer.
The omnichannel retail playbook report looks at how, in order to stand out from the competition, retailers and brands must make the best use of their customers time and attention by designing. The present paper tries to understand the improvement in retail sector in india, especially the modern retail formats, its attribute, type of goods and impact of consumers. Insight report shaping the future of retail for consumer. But the retailers at the big show this week clearly arent waiting ten years for the future to start. Lifestyle centers examination of a new retail format denise ogden, penn state university lehigh valley abstract lifestyle centers are openair retail centers characterized by a mainstreet ambiance, high architecture and landscape costs and a tenant mix of entertainment and higherend retailers. India is growing at a great pace and the retail sector is also developing with it.
I was the retail and consumer reporter for aol huffington post media groups. A perspective on emerging technology and store formats table of contents i. All content on is for your general information and use only and is not intended to address your particular requirements. Psfk s fourth annual report in a series on trends in retail will look at the new strategies to deliver contextual experiences that drive sales.
As our first article explains, this represents an opportunity as well as. Big indian business houses are entering into retail sector and are adopting various retail formats for their business which are best suited to them. Aug 29, 2017 a peek into the future of retailing as technology reinvents how the world shops. Shaping the future of retail for consumer industries weforum. The history and evolution of retail stores from 1700s to 2020. This technology primer continues that work in partnership with leading retail solutions provider cisco in order. Path to purchase november 01, 2017 college students are an important demographic for the retail industry to watch closely and, understanding them and their preferences will enable retailers to offer the student customer a more deeply personalized shopping experience.
Apr 01, 2016 psfk future of retail 2015 report summary presentation. Retail trends for 2015 are shaped by the disruptive changes currently impacting the. This technology primer continues that work in partnership with leading retail solutions provider cisco in order to identify. In 2015, i was asked to assemble the trends that i felt were shaping the future of retail and what executives can do. I cant think of a more exciting time to be in retail, to be at the forefront of change and part of an industry that has the potential to provide a better life for millions around the world. Researchbased analysis from a number of major european retail developers and funds about how they see the future of their approach to their assets. Ecommerce is eating the traditional retail industry. Classifying the formats views on news from equitymaster. The near future of the retail industry is about adaptation and embracing change.
Total retail 2016 3 its nothing short of a revolution, and the stakes have never been higher for retailers and consumer goods companies. New technologies, changing shopping habits, and the threat of disruptive competitors. Key drivers shaping the digital trends of the future. This technology primer continues that work in partnership with leading retail solutions provider cisco in order to identify solutions that can power tomorrows retail today. Feb 15, 2017 11 trends shaping the future of retail. Sethuraman in this book for more insights into betweenformat versus withinformat retail competition. In the future of retail, it takes a fully integrated experience to keep and sustain consumer attention. The changing store format has implications for every retailer, says brian walker. Insights, interviews and concepts on building value, driving sales and boosting loyalty. In a recent study, 58 percent of retailers agree that businesses focused only on brickandmortar stores will not survive past the near future, and 72 percent of respondents stated that they believe one or more prominent merchants will disappear in the next onetothree years. Global powers of retailing 2015 embracing innovation deloitte. How mobile communications are enhancing the omnichannel customer experience whitepaper.
Stockland, mirvac deliver strong sales in retail portfolio how to make your online shopping more environmentally friendly product safety crackdown floated as accc reveals millions of recalled products are floating around. Apr 21, 2017 future retail, which is demerging its home retail and ecommerce home retail businesses into a single entity praxis home retail would concentrate on core format of small store and big. The future looks bright for large format retail the outlook for rental growth in the large format retail sector remains positive, despite increasing levels of scrutiny and regulatory measures designed to address mediumterm risks associated with the domestic housing market. Future retail to focus on core format post demerger of home. Retail market analysis an uptick in retail pad development, where portions of shopping centre parking lots are reclaimed for the construction of clusters of small shops. Ns stock quote, history, news and other vital information to help you with your stock trading and investing. Psfk s future of retail 2019 report also includes insights collected from the psfk x suzy future of retail 2019 consumer survey, a survey of over 500 consumers conducted by psfk and suzy, the.
Then, you have a tale on salesperson and finally you get a. Only the brave will win 6 2 introduction10 3 futurecasting process 14 4 looking back before we look forward 22 5 retail trends and challenges manufacturers, retailers and shoppers 26 6 disruptive forces on the horizon 38 7 the future of the shelf 52 8 its all about the data 64. For retail format retailers may adapt the format that. The australian large format retail sector is a relatively new form of retail with its roots being established in the 1970s. Retail formats can be broadly be classified into two types viz. Only the brave will win 6 2 introduction10 3 futurecasting process 14 4 looking back before we look forward 22 5 retail trends and challenges manufacturers, retailers and shoppers 26 6 disruptive forces on the horizon 38 7 the future of the shelf 52 8 its all about the data 64 9 summary and next steps 70. Store formats are formats based on the physical store where the vendor interacts with the customer. We can divide indian retail market in three forms which are mentioned below. The leading report series on the global trends changing retail 10 actions to redefine your retail experience supported by trends perspectives from leading shopper experts across the globe retail concepts for ikea, sephora. Donalvin adegeest friday, 01 december 2017 bricks and mortar stores that dont stock products may be the future of retail.
The majority of statistics within this report come from john lewiss own database between the time period of august 2014 to july 2015. Sep 02, 2015 deep dive 10 trends shaping the future of retail the biggest challenges for retailers in 2015. Alibabas robust singles day sales not enough to spark chinas retail market 16 nov 2015. Mark wizel, cbre national director of retail investments, said the yield compression was driven by the lack of shopping centre stock on the market.
Its pioneering study of trends and patterns in the retail market, the future of retail 2016 report, helps brands and retailers define better shopper experiences for their clients. Our total retail survey results, together with 2015 fourthquarter retail results around the world, point to 2016 as a watershed for many of the trends that have been percolating over the past few years. May 28, 2015 new retail formats target the nations next biggest buying group. To effect this transformation, retail players will need to form ecosystems or coalitions of the willing to both provide full consumer solutions and secure key. Consumer perceptions towards different retail formats in india. Disruptions in retail through digital transformation deloitte. Download a pdf version for easier offline reading and sharing with coworkers. Psfk is a recognized thought leader in the retail sector. In todays global economy, retailers are being driven by the demands of an increasingly mobile and digital consumer. Employment relationships in retail commerce and their impact. A peek into the future of retailing as technology reinvents how the world shops.
The future of retail is consumerconnected and cognitive. By continuing to use the site you agree to our cookies policy. There seems to less and less stores and more and more owners and operators. Future retail, which is demerging its home retail and ecommerce home retail businesses into a single entity praxis home retail would concentrate on core format of small store and big.
Pdf current status and future evolution of retail formats. An opportunity in which a retailer develops a new retail format a format with a different retail mix for the same target market diversification growth opportunity growth opportunity in which a retailer introduced a new retail format directed toward a market segment thats. Psfk future of retail 2015 report summary presentation. In this article, we have discussed the various retail formats and the value proposition that they offer. This report presents trends from the perspective of brands, shoppers, retailers and communitieshighlighting how technology and our senses play a role in the retail experience both in and out of the store.
A recent research article from pri, the future of retail. Investors want exposure to retail and with shopping centre stock levels 27 per cent down on last year, large format retail centres are in high demand, wizel said. Lorem ipsum has been the industrys standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. Since 2004, psfk has provided insights, research tools, advice and immersive experiences to help our members as they build better products, services, marketing and retail. As our first article explains, this represents an opportunity as well as a threat for bricksandmortar retailers. New retail formats target the nations next biggest.
The retail business model is being disrupted and the industry knows it. Current status and future evolution of retail formats. Jan 18, 2016 the retail business model is being disrupted and the industry knows it. This research paper gives an insight to consumer adaptive retail and retailers need. News roundup coverage of innovation and futureled developments from the pages of rpa in 2015. This piece draws on a new report, shaping the future of retail for consumer industries, which can be read here. A perspective on emerging technology and store formats, examines the history of retail technology adoption in the u. Large format retail in high demand by foreign investors. Shaping the future of retail for consumer industries 5 at the same time, the shift to ecommerce will drive a reduction in physical retail footprint, whether the sheer number of stores and or their respective size. I hope youll enjoy finding out more about how the nation shopped, lived and looked within these pages. A peek into the future of retailing as technology reinvents. Apr 23, 2014 as competition thickens, it takes more than price, convenience, or selection to earn sales. Lorem ipsum is simply dummy text of the printing and typesetting industry. According to digital news outlet quartz, brands are beginning to embrace the unstore, which is a retail space that doesnt actually stock products for sale.
The second era of digital retail 1 executive summary. Retail format pdf using transaction utility approach for retail format decision. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. College students are an important demographic for the retail industry to watch closely and, understanding them and their preferences will enable retailers to offer the student customer a more deeply personalized shopping experience. Inventory management systems and other technologies have shifted to mobile applications so that store managers, employees and security can collaborate on loss prevention. While reimagining physical retail, it will be critical for retail and cpg companies to continue to innovate and. Deep dive 10 trends shaping the future of retail the biggest challenges for retailers in 2015. Bricks and mortar stores that dont stock products may be the future of retail. For retail format retailers may adapt the format that acceptable to the foreign from mktg 4321 at university of massachusetts, amherst. This sales invoice template proceeds with details on customer and service company on left and right. As competition thickens, it takes more than price, convenience, or selection to earn sales. For 2017 to date, more than 29,000 sf street frontconvenience retail space has been delivered.