the last 100 yards: why digital will save retail

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The Last 100 Yards: Why Digital Will Save Retail

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Sensors, beacons, gps and smartphone are the heroes for the new retail. First presented at CXO Summit in December 2013

TRANSCRIPT

Page 1: The Last 100 Yards: Why Digital Will Save Retail

The Last 100 Yards: Why Digital Will Save Retail

Page 2: The Last 100 Yards: Why Digital Will Save Retail

New In Store Services

Find out of stock item in another branch

In-App Purchases Connect with Inventory Showrooming on Steroids

Products in store or another nearby retailer

Instant price matching against online & offline retailers

Page 3: The Last 100 Yards: Why Digital Will Save Retail

New In Store Services• Capture of market research data

• Promotions for select products

• Mobile POS

• Offers consumers rewards as incentives to find products

• Private and instant sales for mobile app users

• Instant customer service

Page 4: The Last 100 Yards: Why Digital Will Save Retail

TechnologiesAccess to a niche group of consumers: early adopters of mobile technologies• Scanning of barcodes on

product packaging

• NFC applications- Near Field Communication

• Bluetooth

Page 5: The Last 100 Yards: Why Digital Will Save Retail

TechnologiesIn store mapping/navigation via Google Maps/GPS, etc.

• Starts with sections of stores - in place today

• Aisle 411

• Point Inside

Page 6: The Last 100 Yards: Why Digital Will Save Retail

TechnologiesiBeacon and other location technologies

• Could kill cash register and NFC

• DecaWave chip ID’s location within 10 centimeters

Page 7: The Last 100 Yards: Why Digital Will Save Retail

TechnologiesInternet of Things

• Next Generation sensors needing no batteries

• Powered by capturing radio signals

Page 8: The Last 100 Yards: Why Digital Will Save Retail

Technologies

Smart shopping lists

• Enriched by behavioral overlay

Page 9: The Last 100 Yards: Why Digital Will Save Retail

Bottom LineWin-Win for consumers and retailers

Less friction in shopping trip (easier navigation, save money & time)

Attract more customers, higher basket $$ potential