New business models, strategies and tactics to change beyond the traditional retail mall. Below is a list of trends I’m watching, experimenting, and adopting. As we head into the holidays, and help retailers earn their major revenue share, here’s some future trends to be tracking. Ten Trends for the Progressive Retailer from Jeremiah Owyang Ten Trends For The Progressive Retailer People desire purpose beyond profits. The 2008 recession has left a bad taste in everyone’s mouth. Powered by social media, people organized their mistrust. Today’s youth generation expects corporations to serve a greater purpose.
Generating raw profits
Reports this Deloitte study. New trade councils have emerged, such as Sustainable Apparel Coalition, Sustainable Brands, and B-Corporation ratings to promote brands that uphold the Triple Bottom Line of society, sustainability, and stakeholders. Sharing emerges as business model over consumption. The hot movements on Binance App Users Data the media’s lips are Airbnb, Lyft, and Uber, but how do they impact the regular retailer? We’re seeing thousands of services emerge that enable people to borrow, rent, gift, and get goods from their peers rather than buy them anew. Pleygo (I’m a member) enables me to get toys on a rental model.
All delivered to my door
Furthermore, the gift economy, like Yerdle, threatens retailers as people give products, avoiding commerce altogether. H&M and Marks and Spencer also offer swapping used goods for in store coupon “Swhopping,” yielding Australia Phone Number loyalty and social good. Local neighborhood commerce enables new opportunities. Beyond popup stores, expect new business models to emerge where physical goods are ‘forward deployed’ (term originated by Andy Ruben) in neighborhoods, enabling products to be obtained on demand. Lockitron offers to make anything a secured location.
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