The buzz: “Whoever said money can’t buy happiness simply didn’t know where to go shopping.” (Bo Derek)
Ongoing digital innovations in our hyper-connected world have dramatically impacted consumer buying behaviors and expectations, challenging retailers to change or become obsolete.
How dire is it?
Ingram Micro Mobility’s Bashar Nejdawi: “In 5 years, consumer electronics stores as we know them today won’t even exist, or…our favorite apparel brands.”
Smart retailers are taking action to avoid becoming dinosaurs.
Is it too late for the laggards?
The experts speak.
Brian Kilcourse, Retail Systems Research: “You saw just what happened to retail stores, sales this past Christmas. Amazon and online sales is killing traditional retail, and what’s true there is going to be true throughout our economy.” (U.S. President Barack Obama, Jan. 2017).
Doug Stephens, Retail Prophet: “We try to rationalize why innovations from other sectors don’t apply to us, rather than focusing on why they do.” (George Blankenship)
Greg McStravick, SAP: “There is nothing wrong with change if it is in the right direction.” (Sir Winston Churchill)
Join us for Retail in 5 Years: Digital Dinosaurs vs Survivors – Part 2.
via SAP News Center http://ift.tt/2lwKrCp