2017 - Top Retail Trends
2017 - Top Retail Trends
"Omnichannel retailing is now the standard."
Retailers who continue to invest in their omnichannel strategies will succeed; those that don’t will fail. The retail world is rife with examples of this. For Instance - Domino’s has recently introduced ordering via Facebook Messenger, and Starbucks’ mobile app allows customers to order and pay before picking up in-store.
"Retailment"
Retailment is the fusion of Retail and entertainment. People are more likely to engage with retailers who incorporate lifestyle elements in store such as boutique coffee shops and virtual reality experiences.
"Big Data Rules"
Data is part of every process from Supply Chain all the way to Post purchase stage of buyer's journey.
"Speciality Stores"
Specialty stores will be more productive than department stores. Specialty stores — those that focus on particular categories — will have a leg up in 2017 as consumer interests focus in on curated selections and localized wares.
"Social media / online shopping"?
Retailers looking to sell their products on Instagram are using solutions such as Like2Buy, Tapshop, and Soldsie to make their photos “shoppable.”
"Evolving Technology is instrumental"
Artificial intelligence, augmented and virtual reality, and the Internet of Things will stake firm claims in retail as tools. Augmented reality that allows consumers to virtually experience products as they might use them in their own lives, smart dressing rooms in fashion stores, and glass touchscreens as interactive components of storefronts.