All customers need is a smartphone, an amazon account, and the amazon go app amazon 2016. The rise of the omnichannel automotive retailer experience. Oct 21, 2015 psfk future of retail 2016 summary report 1. There are two main drivers in the market that have already redefined and will continue to redefine the entire industry. This first formal consultation document on the future of retail market regulation has drawn on extensive, and very constructive, engagement with stakeholders over the past six months. By data we refer to all kinds of data and not just the one derived from digital channels. The traditional automotive retail model has persevered even as the rise of ecommerce has brought major changes to most brickandmortar retailers.
Automotive retail in the future evolving from bricksandmortar to an omnichannel strategy automotive retail will shift from a productdriven to a customercentric approach to drive customer loyalty and to adapt to changing customer behavior and. Dear colleagues, the future of retail market regulation following on from our december 2015 consultation,1 this letter outlines our plans to rely more on principles in the way we regulate the domestic electricity and gas supply markets. This years report takes a deeper dive into the collision of consumer lifestyle preferences with shopping habits, especially among younger generations. Here he shares the top 11 trends shaping retail and also offers an indepth presentation and video overview of his. While psfks expertise stems from the retail industry, cisco is able to provide its perspective from its leadership in technology. A day in the life of a future consumer so, what will the future of retail look like.
Mar 10, 2016 most retail outlets whether conventional brickandmortar shops, digitally enhanced stores like macys in the u. Most retail outlets whether conventional brickandmortar shops, digitally enhanced stores like macys in the u. Gfk 2016 02 insights into the shopping behavior of the connected consumer e et about gfk future of retail. 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.
Shaping the future of retail for consumer industries weforum. To encourage ownership of companys equity by its employees on an ongoing basis and also in order to reward the. Banking standard in 2016 to make the banking sector work harder for the benefit of consumers. The paradox between convenience and connection since 20, walker sands annual future of retail report has given retailers and commerce leaders a lens to better understand the impact of technology on shifting consumer preferences. The company is known for having a significant prominence in indian retail and fashion sectors, with popular supermarket chains like big bazaar and food bazaar, lifestyle stores like brand factory, central, etc. Inmars senior director of retail insights, devora rogers talks at tedxwakeforestu on february 23, 20. Retail has moved from a merchantdriven industry to a technologydriven industry, reshaping how consumers shop. Grewal, dhruv, et al, the future of retailing, journal of retailing xxx, 2016. We included data in the report title to stress its importance as it has become increasingly looked upon as an asset. The legend below outlines the major trends and can be read in conjunction with the case studies to provide examples and pathways for australian business to respond. Future retail provides its own annual report and accounts of subsidiary companies such as ambit, axon, fch, fdsl, fmil, mmcl, fmal and more. Jan 15, 2016 the future of retail kokou agbobloua, global head of flow strategy and solutions at societe generale, discusses retail strategies and how companies can achieve a return on capital. Future retail share price, future retail stock price, future retail ltd.
The shoppers of today are savvier and on the lookout for the best. James llewellyn, uk head of shopper, gfk mission possible. The future of retailing by highlighting five key areas that are moving the field forward. The future of retail is all about using technology to strengthen customer relationships and improve the customer experience, while making the daytoday. The future of retail supply chains 3 1 kpmg a hong kong partnership and a member firm of the kpmg networ of independent member firms affiliated with kpmg international cooperative kpmg international a swiss entityall rights reser ved printed in hong kong. The foundation of future automotive retail deloitte us. Jan 26, 2016 forbes takes privacy seriously and is committed to transparency.
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. Blended retail is a single channel vision that mixes real world experience with dynamic data to allow retailers and brands to connect with the needs of the customerand it ultimately drive sales. Future retail share price, future retail stock price, future. Help your shoppers visualize their purchases in their world. 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. We will likely see more changes in the next 10 years than we have seen in the past decades. The future of retail special report, published in the sunday times, examines how retailers must innovate to overcome these challenges, through investing in mobile commerce, implementing new payment technologies and rethinking the purpose of physical stores. Doug stephens is one of the worlds foremost retail industry futurists, authors and speakers. The retail apocalypse will continue to threaten brickandmortar resulting in more store closures from traditional retailers, but it will be offset by the expanding retail footprint of directtoconsumer brands and other niche retailers better positioned to thrive in this environment. Bmw future retail 2016 the new dealership standard. In the future of retail 2016 report, psfk describes the 10 pillars of the new shopper experience and the key trends that are driving their adoption in the marketplace. It also captures the holding period returns and annual returns. You make plans to virtually try on new looks at a local store event with friends. This report explores how social media aids the delivery of improved personalised service, the technology contributing to an increasingly immersive instore experience.
Every ceo, senior executive, cmo and cio is obsessed. Retail is about to enter the most turbulent time in history. Learn the scenarios that are driving todays digital consumer as artificial intelligence ai and related technologies grow increasingly relevant to the retail industry, you need to find the best way forward for your business. I invite all of you in the industry, consumer groups and. Feb 15, 2017 leading analyst, futurist and author brian solis explores the future of retail. In this report, we focus on how data and digitalization are shaping the future of nordic retail. Future of retail about gfk future of retail convenience choice price experience conclusion as we look to the future of retail, we see a move towards lifestyle stores organized by need states. Morgan stanley bullish on future retail, stock rallies over 2%. Total retail 2016 3 its nothing short of a revolution, and the stakes have never been higher for retailers and consumer goods companies. Since 20, walker sands annual future of retail report has given retailers and commerce leaders a lens to better understand the impact of technology on shifting consumer preferences. In december 2016, amazon introduced amazon go, which. The office of gas and electricity markets 9 millbank london sw1p 3ge tel 020 7901 7000 fax 020 7901 7066. Get the future of retail 2016 the 6th annual report delivers insights on how to design the new shopper experience to build value, drive sales.
Online retail has been up ever since q109, and continues to grow, at above average, industry growth rates. But digging deeper into the data, we see that the retail technology space is still undergoing a major transformation its just happening mostly behind the scenes. The future of retail 11 predictions on the disruptive forces. After consumers leave the store, they are charged and sent an automatic receipt. In the future, delivering convenience in retail means anticipating shoppers requirements and appearing. Through the exploration of innovations in service, technology and design we highlight the ways leading retailers, brands and startups are responding to the demands of consumers and differentiating themselves from the. Through the exploration of innovations in service, technology and design we highlight the ways leading retailers, brands and startups are responding to the demands of consumers and differentiating themselves from the competition.
The future of retail 2019 emarketer trends, forecasts. The future of retail lafutura global trend network. While the economy may look pretty bleak and offline retail sales have yet to rise to the same levels of 2006 and 2007, there is good news when it comes to retail sales. This piece draws on a new report, shaping the future of retail for consumer industries, which can be read here. Alibabas jack ma just predicted 30 years of the companys future. This article focuses on the future of retailing by highlighting five key areas that are moving the field forward. His intellectual work and thinking have influenced many of the worlds bestknown retailers, agencies and brands. May 30, 2017 the future of retail is ai and robotics. Pwc s banking 2020 report aims to provide insights and understanding into the future of the retail banking industry, which are critical not only to your actions today, but your plans for the future.
The uks key retail sector is poised to benefit from a perfect economic storm of low interest rates, low inflation and rising employment. Download pdf the foundation of future automotive retail. These are eroding the need and appeal of bigbox stores in particular. Whats really exciting is this curveball in the retail. Here, we would like to present some pioneering shop concepts from our trend scouts for the german fashion retail industry as well as show you how we, on the basis of our study, can work with you to develop a customized future fashion shop concept for your company. As the impact of new technologies and fastevolving consumer expectations continue to ricochet through the retail ecosystem, the 3 rd annual summit will address the hottest issues through probing interviews and panel debate with the pioneering ceos and industry leaders.
While companies like amazon and ebay have grown by offering the convenience of. The future of retail is ai and robotics investing us news. Leverage the contents of the future of retail 2018 report as a framework to guide your innovation strategy to rebuild a rich and effective brick. The future of retail supply chains 1 1 kpmg a hong kong partnership and a member firm of the kpmg networ of independent member firms affiliated with kpmg international cooperative kpmg international a swiss entityall rights reser ved printed in hong kong. Innovating automotive retail looking at the impacts of new retail formats in the automotive industry name. The future of retail 11 predictions on the disruptive. Read more from nrf president and ceo matthew shay on linkedin. The retail sector has been hit by political and economic uncertainty, rising inflation, dented consumer confidence and falling sales. Psfks future of retail 2018 report outlines how companies can transform their stores into experience centers that extend their supply chain and digital commerce platforms, creating mutual value with a focus on shopper experience. Retailers should align the shopping experience with growing consumer adoption of.
The letter also sets out how we intend to adapt the operating model2 we use to put our rules into practice. Innovating automotive retail looking at the impacts of. As physical stores are still an important aspect of the retail environment, retailers will need to assess whether digital infrastructure in stores will be sufficient to meet future demand. News of major retailers going under seems commonplace but what does the future of retail in the uk actually look like. 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. All are fuelling a rise in consumer confidence and a loosening of consumer purse strings. 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. 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. Flexibility to provide for changing layouts and uses is an increasingly important factor, as. Future retail limited employees stock plan option 2016 frl. Future retail limited employees stock plan option 2016 frl esop 2016 of the company as at march 31, 2018.
Insights, interviews and concepts on building value, driving sales and boosting loyalty. These new technologies are revolutionizing the consumer shopping experience and will set new expectations of what shopping can or should be in the future. While reimagining physical retail, it will be critical for retail and cpg companies to continue to innovate and. Future of retail banking 5year vision by philip farah, cisco ibsg financial services practice as we look into the future, away from the ebb and flow of daily market fluctuations, clear trends on many fronts will no doubt alter the future of retail banking. As the evolution of retail continues, many experts are now questioning the value of longstanding metrics like samestore sales and wondering how the new retail industry can be measured more accurately. Retail customer uptake is expected to scale up significantly over the next five years 38. The future of retail summit is our big picture, megatrends event for large retailers from across the uk and europe. Future retail key financial ratios, future retail financial. There are two main drivers in the market that have already redefined and. Were aging with some exceptions, including india and my fellow tai chi. Consumers dont think about retail the same way we do. Ft future of retail summit 2016 organised by ft live.
Think act robots and retail what does the future hold for. Especially the future rise of shared mobility concepts such as car sharing and the future emergence of autonomous vehicles will. In this commercial context, examining current and future retail trends deloitte. Future of retail gfk 21 navigating the future of retail future of retail convenience choice price experience about gfk conclusion. Ma said change would involve transforming its business alongside traditional retailers. Future group is an indian conglomerate headquartered in mumbai, maharashtra, india. The future of retail business research and insights. The future of retail could very easily be about this kind of immersive. The proliferation of valuedriven retail twomey noted that entertaining experiences are no longer enough for the modern shopper. The program continued with three panels exploring the changes that retail faces in the near future, including evolving consumer behaviors, innovative technologies, social media.
Insight report shaping the future of retail for consumer. The future of banking is open how to seize the open banking opportunity 3. Bmw rolled out new dealership standards and 150 dealers are either building new stores or refurbishing their current showrooms. The walker sands future of retail 2016 study, based on a survey of more than 1,400 u. The future of retail market regulation following on from our december 2015 consultation,1 this letter outlines our plans to rely more on principles in the way we regulate the domestic electricity and gas supply markets.