Is the Store of the Future Already Here?

With the rapid technological advances in the digital marketplace, the stores of today — and the stores of the near future — usually operate and look much different than the stores of just ten or fifteen years ago.
As Retail TouchPoints notes:
“Want a look at the future of retailing? It’s already here. Technologies such as 3D printing, interactive digital displays, biometrics, and beacons are giving brick-and-mortar retailing a Tomorrowland vibe — and providing real-world benefits to boot. For example, beacons influenced an impressive $4 billion in retail sales in 2015, and that number is projected to increase tenfold this year. Deploying digital signage can increase sales volumes by more than 30%.”
Take a look at the infographic below by SAP and Retail TouchPoints.

This entry was posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer, Part 8: Putting It All Together and tagged , , , , , , , , , . Bookmark the permalink.

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