Skip to main content

Opportunities for retailers with more receptivity in consumers post covid. Insights from News

Changes in consumer behaviour:
Consumers are more receptive than ever to changes that can make the in-store experience safer, more accessible, and more convenient.

Looks the news below:

1. As shoppers return to stores, retailers are facing challenges of their own

https://fortune.com/2021/05/27/shoppers-retailers-stores-online-spending-covid/
2. Join my online marketplace. Traditional retail stores are turning to online marketplaces to survive—allowing third parties, including competitors, to sell merchandise on their sites in exchange for a share of the profits. This enables retailers to increase inventory without ever having to own it. See the FT story
https://www.ft.com/content/3be2432a-4d62-4df1-ac6a-6b8ce68800db?shareType=nongift&cid=other-eml-onp-mip-mck&hlkid=fd30943cf3554460ae291d4b245df776&hctky=9431270&hdpid=53d00ebf-ef7c-4946-9b14-df3695462eea

Insights
Why it matters. Consumer behavior has shifted dramatically over the course of the COVID-19 pandemic. Brand switching, online shopping, and experimentation with new shopping methods have become de rigueur. Still, physical stores are often the most profitable fulfillment option for many retailers. That means there’s no time like the present for retail leaders to rethink store operations, increase efficiency, and reduce costs.
A familiar technology. Radio-frequency identification (RFID) has been around for decades, but the increased accuracy and range of the technology combined with lowered equipment costs make it worth reconsidering. For more on how using RFID can help retail executives make improvements that cut costs and increase revenue, see our research and use cases
Labels:

Comments

Post a Comment

Popular posts from this blog

Learning from #FriendsReunion - Plan Your Bottle Episode

Learning from #FriendsReunion - Plan Your Bottle Episode While watching Friends: The Reunion a while back ( Yes, i am super late, been a very busy week) something  struck with me which the show’s creators said about "budgeting" a term called Bottle Episode.    On Friends - Its one of the most successful television sitcoms of all time. From 1994 to 2004, the show never left the list of top 10 most-watched  television programs.  It was also one of the most expensive television series of all time. By the last two seasons, each of the six main actors earned more than $1 million per episode. From the resources perspective, the show has more than justified that expense since then. As per some estimate Friends earns around $1 billion a year from syndication, merchandising, streaming, and other deals. During the reunion show, creator Marta Kaufman talked about how they planned “bottle episodes” each season to manage the show’s budget....
6 comments
Read more

What if SP comes to power?

I was just wondering, if the Samajwadi Party (SP) supported government comes to power at the Centre this time around, many companies in India might have to write off another kind of loss from their books - loss on account of unused computers. After all, the party’s supremo Mr. Mulayam Singh Yadav believes that - "The use of computers in offices is creating unemployment problems. Our party feels that if work can be done by a person using hands there is no need to deploy machines." Incidentally, the party is also against stock markets, use of English language, agricultural machines, and high corporate salaries!
4 comments
Read more

The worse may not yet be over for the already battered US housing market

The worse may not yet be over for the already battered US housing market, where the seeds of the current financial crisis were sown. While house prices since then have crashed, the question that is now on everyone’s mind is - whether they have fallen enough? And the answer may well be ‘no’. The logical conclusion being the bigger the bubble, the bigger will have to be the crash. Not only that, while prices have melted, they are not cheap as comparable to wages and even more so in a scenario where job uncertainty looms large. Furthermore, as reported in the Wall Street Journal, the prices currently are at a level last seen in 2003 when they were perceived to be inflated even then. Therefore, to find pre-bubble prices one would have to go back to about 2000 when values overall were about a third lower than they are today. Interestingly, the paper has compared the current bubble with the 1989 property bubble and has observed that the home prices currently are more expensive in relation to...
Post a Comment
Read more