As holiday shopping intensifies this week so will the nonsensical debate over physical vs. digital retail. In what promises to be the most highly integrated season ever, the word “store” has outlived its usefulness.
Restaurant delivery isn’t new, but in the age of meal kit mania and grocerants, where all types of operators are vying for share of stomach, traditional retailers face an expanded market opportunity with new competitive dynamics.
Any retailer bold enough to declare itself, “The Fresh Market,” sets a high expectation among shoppers before they ever set foot in a store. And so it is with Greensboro, N.C.-based The Fresh Market, a chain that is taking its name very serious.
The perfect demand forecast is the retail equivalent of Sasquatch or the Lochness Monster. The rumored existence of a perfect forecast, unlike those mythical creatures, will be confirmed in 2019 thanks to the advent of artificial intelligence.
Sam's Club President and CEO John Furner has innovation on his mind and is building a warehouse club retailer for the next generation. Costco should be as concerned about Sam's as Amazon is about Walmart.
As the convergence of offline and online shopping accelerates, it’s clear that for today’s consumers, their preferences for the retailers they shop doesn’t just come from what they buy, but more and more its driven by how they buy it.