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The Third Wave of Retail & how to ride it all the way to massive profits
Not What We Were
With the advent of new technology and platform
integrations, many aspects of the industry are not what they
were 10 years ago.
Wave #1: Industrial Retail
At the start of the early 20th century, a commitment to efficiency and convenience dominated the retail industry. Almost all decisions were shaped by the compulsion to make “the machine” more productive.
eff. con.
Wave #2: Self-Service
The next big trend was self-service retailing.
Retailers became more focused on supplying a product and less interested in building
relationships with shoppers.
Wave #2: Self-Service
Many retailers chose to attract potential
customers with low prices, at the expense of high-
quality products.
10
0 0
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Wave #3: Quality Over Quantity
Finally, a new business model emerged.
With new technological advances, retailers are able to
effectively promote high-quality items, and collect profits from
promotional funds.
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The Tech That Makes It Possible
Continued developments in technology have changed the game again.
Inefficiencies can be easily discovered, analyzed, and solved with data collection tools.
The Tech That Makes It Possible
It's easy to examine clean, aggregated data, and retailers
are finally able to focus in on quality (of both product and
promotion) like never before.
quality
As a growing number of brands work to improve their data collection and analysis process, improve strategic planning, and elevate customer service – a step up in software tools and platforms is not optional.
Step Up and Ride the Wave
Don't get left behind!
A Mobile Data Collection App For Retail Execution.
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