Several major trends are driving radical changes to the retail landscape today. Some, but certainly not all, of the more provocative new directions in retail include:
Retail is now undergoing a metamorphosis that extends far beyond the changes that we have already seen in the transition to physical shopping to online shopping. The transformation of the retail industry is complex and is moving in many directions at once.
This report takes a view over the current situation in retail, and surveys a few key developments: the transformation of the brick-and-mortar store, the shifting balance between the physical and the digital, the new non-linear customer journey, the growing influence of the Internet of Things, and importance and challenges of collecting customer data.