the future of retail - first hand accounts panel #ric15
TRANSCRIPT
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The Future Of Retail Panel Discussion with:
Michael Brodesky, Ralph Lauren Dr. Venkatesh Shankar, Texas A&M Center for Retailing Studies
Shane Desrochers, Epicor ShopVisible
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Panelists
Michael Brodesky Dr. Venky Shankar Shane Descrochers Sr. Director Director of Research VP, Sales and Product Management Texas A&M Opera4ons Ralph Lauren Center for Retailing Studies Epicor ShopVisible Moderator: Debbie Hauss, Editor-‐in-‐Chief, Retail TouchPoints
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1. Aligning Future Plans With Customer Expecta4ons
2. Technologies On The Horizon: What Is Realis4c For Today?
3. Front-‐Line Challenges For Retailers
4. How Universi4es Are Preparing Retail’s Future Employees
Agenda
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ü PersonalizaMon ü Convenience ü InteracMvity
31% of consumers want their shopping experience to be more personalized .– Infosys
1 million Apple Watches sold on the first day of pre-‐orders.
Aligning Plans With Customer Expecta4ons
Scenario Uncertainty-Impact Matrix of Trends
Bonanza Advisor/Concierge Visualization
Game Changer Disruptive innovation Business model innovation
Low Hanging Fruit RFID, Kiosk, Beacon, Signage Social proofing
Blind Alley/Mirage IoT
6 SCENARIO UNCERTAINTY
SCEN
AR
IO IM
PAC
T
Copyright © Venkatesh Shankar. All rights reserved.
Low High
Low
High
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It’s The Era Of Wearables and The Internet of Things (IoT)
Which Technologies Are Viable Today?
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How do omnichannel impera4ves challenge different types of retailers?
Front-‐Line Challenges For Retailers
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Ques4ons?
Michael Brodesky Dr. Venky Shankar Shane Descrochers Sr. Director Director of Research VP, Sales and Product Management Texas A&M Opera4ons Ralph Lauren Center for Retailing Studies Epicor ShopVisible Moderator: Debbie Hauss, Editor-‐in-‐Chief, Retail TouchPoints
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