Just finished listening toHBR retail trends. Thank you@wes.kapsafor the recommendation. Summary below. What trends are you seeing? Share them in the comments section!
- Social Commerce Platformswill eventually make it to the West (popular in China right now)
- Product Creation- you voice matters! You can help to develop the next product version
- Product Curation- having someone you trust to recommend products for you
- Entertainment and Gamificationare here to stay
- Supply chain issuespersist - limited supply
- Anchor Stores in Malls- Simon and Brooks are buying up the dead brands (Forever 21, JC Penney, Brooks Brothers, Lucky). They buy the brands so the other stores can't cancel their lease
- RFID- prices are way down and real time inventory is a huge win. Lululemon is an example.
- Dead Stock- scraps from apparel are now being sold
- Dark Stores- BOPIS stores only are here to stay.
Jared Dolich
