retail innovation

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PRESENTS Retail Innovation Mark Logan @mlogan

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Retail Innovation presentation delivered at Future Perfect Retail conference in Madison, WI October 2014.

TRANSCRIPT

Page 1: Retail Innovation

PRESENTS

RETAIL R INVENTINGE The technology

of how we shopRetail Innovation

Mark Logan @mlogan

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Retail Innovation

2

愿你生活在有趣的时代。

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Retail Innovation

3

May you live in interesting times.

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Retail Innovation

4

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Retail Innovation

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Amazon ADDS over $1 billion every month!

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Retail Innovation

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RETAIL R INVENTINGERetail Innovation

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“Change has never been this fast, and it will never be this slow again.”

Gordon MooreIntel founder

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RETAIL R INVENTINGERetail Innovation

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PAYMENTS

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RETAIL R INVENTINGERetail Innovation

PAYMENTS

9

Apple Pay NFC Touch ID Voice Activated App IntegrationSecure

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RETAIL R INVENTINGERetail Innovation

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RETAIL R INVENTINGERetail Innovation

PAYMENTS

11

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RETAIL R INVENTINGERetail Innovation

PAYMENTS

12

Swedish students invented and implemented a system that reads handprints to make payments.

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RETAIL R INVENTINGERetail Innovation

PAYMENTS

13

Uniqul’s payment system uses facial recognition to access your credit card or PayPal accounts.

Page 14: Retail Innovation

RETAIL R INVENTINGERetail Innovation

PAYMENTS

14

Several retailers are testing Scan and Go payments systems.

Page 15: Retail Innovation

RETAIL R INVENTINGERetail Innovation

PAYMENTS

15

Payments must become more secure Retailers must regain trust New systems will impact store infrastructure New payments open new opportunities

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE OPPORTUNITIES

16

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RETAIL R INVENTINGERetail Innovation

17

DELIVERY

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RETAIL R INVENTINGERetail Innovation

DELIVERY

18

Amazon’s locker service allows you to have orders shipped to a locker instead of your home or work.

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RETAIL R INVENTINGERetail Innovation

DELIVERY

19

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RETAIL R INVENTINGERetail Innovation

DELIVERY

20

Volvo’s Roam delivery service allows consumers to get groceries delivered to their car via a one-time digital key.

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RETAIL R INVENTINGERetail Innovation

DELIVERY

21

Google Express offers same-day delivery and unlimited shipping for $95 a year.

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RETAIL R INVENTINGERetail Innovation

DELIVERY

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Convenience becomes a commodity Retail can be anywhere/anywhen Anything is an impulse item

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RETAIL R INVENTINGERetail Innovation

THE WORLD IS YOUR STORE

23

Macy’s image capture app lets you take a picture of something you like to search for it in their store.

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RETAIL R INVENTINGERetail Innovation

24

EXPERIENCE

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

25

AS Colour’s shop window analyzes your outfit and tells you what not to wear.

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

26

Shopkick’s Shopbeacons give you points for entering a store and deliver offers.

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

27

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

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Iconeme’s smart mannequins contain Bluetooth LE beacons that interact with shoppers’ mobile phones.

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

29

UK retailer Argos is testing NFC-enabled badges that let shoppers tap an employee’s badge to get offers.

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

30

Nike’s #mipista campaign encourages Spanish youth to enjoy street soccer.

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

31

Lowe’s holoroom helps shoppers envision their project.

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RETAIL R INVENTINGERetail Innovation

EXPERIENCE

32

Grounded in real customer needs and wants Extend and enhance the store Beyond transactional and functional Connect with people emotionally

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RETAIL R INVENTINGERetail Innovation

INNOVATION LABS

33

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RETAIL R INVENTINGERetail Innovation

INNOVATION LABS

34

Page 35: Retail Innovation

RETAIL R INVENTINGERetail Innovation

HUMAN CENTERED DESIGN

35

Page 36: Retail Innovation

RETAIL R INVENTINGERetail Innovation

HOW THEY WORK - DESIGN THINKING, LEAN, AGILE

36

AB

STR

AC

T

DEFINE THE CHALLENGE

OBSERVE PEOPLE

FORM INSIGHTS

FRAME OPPORTUNITIES

BRAINSTORM IDEASLEARN

PIVOT / PERSEVERE?

TRY EXPERIMENTS

BUILD

MEASURE

CO

NC

RET

E

CUSTOMER PROBLEM

ITERATE

LEAN STARTUP

NORDSTROM INNOVATION LAB

DESIGN THINKING

AGILE

Page 37: Retail Innovation

RETAIL R INVENTINGERetail Innovation

37

AB

STR

AC

T

DEFINE THE CHALLENGE

OBSERVE PEOPLE

FORM INSIGHTS

FRAME OPPORTUNITIES

BRAINSTORM IDEASLEARN

PIVOT

TRY EXPERIMENTS

BUILD

MEASURE

CO

NC

RET

E

CUSTOMER PROBLEM

ITERATE

PERSEVERE

LEAN STARTUP

NORDSTROM INNOVATION LAB

DESIGN THINKING

AGILE

HOW THEY WORK - DESIGN THINKING, LEAN, AGILE

Page 38: Retail Innovation

RETAIL R INVENTINGERetail Innovation

SUCCESSFUL INNOVATION LABS

38

• Operate outside normal business • Hot teams • Sharp focus • Sustained resources • Speed • Strategic direction

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Retail Innovation

39

Mark Logan

@mlogan bit.ly/marklogan [email protected]

May you live in interesting times.