retail vision 2025: thoughts on the future "store"

Retail Vision 2025: Thoughts On The Future "Store"

PresenterEbony T. Grimsley

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This training program will provide you the tools to put in place to help you succeed now and in the future in your retail business.

Today’s Commerce is Not Yesterday’s

•Stock the product•Sell the product•Maybe deliver the

product

Retail is not just about stocking a product and selling it.Retailers must:

• Engage shoppers.• Utilize existing data points

and create new ones.• Automate processes for a

custom experience.• Make the buying process

convenient.• Create a cost efficient road map.

Benchmarking Your Organization to Key Retail Projections• By 2025 it has been estimated that e-commerce will

represent 30% of all retail sales and account from 2.7 trillion in total sales (Source: Dematic-Newmark Grubb Knight Frank)▫ Evaluate your current e-commerce strategy from purchasing

to shipping and returns.

• The market share of traditional retailers to drop from 71% of retail food sales to 62% by 2025, according to a new report from Technomic. (Source: Supermarket News)▫ Plan for keeping fresh products, but on-demand

Where to Look for Trends on the Economy and Spending for Benchmarking•Federal Government

▫Congressional Budget Office•Big Data Marketers and Analysts

▫Deloitte•Trade Associations

▫National Retail Federation•Consultant firms

To see the complete presentation check the below link:

https://www.audiosolutionz.com/cpg-retail/future-of-retail-2025.html