Role of Stores in the growing e-customers

-

Comments

Post a Comment

Popular posts from this blog

Are stores headed for complete downfall in retail?

-
There are tons of news in the past 5 years where the stores in the retail industry are heavily impacted. Most of the large brands (RadioShack, Sports Authority, Kmart, Aeropostle) and many more which have declared bankruptcy, and there is often news about Major stores which are doing well over all, closing a number of their store locations(Walmart 159 locations, JC penny- 140 locations, Macys around 15% of their locations). They are unable to keep the stores and business afloat. Could they continue to sell their products, sure. but the costs of running those large stores, the declining margins leave businesses to not be profitable anymore. But why is this happening, and are stores headed for a complete downfall in the retail space? I am in particularly talking about the North American market which I can see in front of my eyes. Let's explore & dig deeper. Why are stores in so much pressure? The holy grail of $$$ from stores is directly proportional to the footfall of customers ...
Read more

My Experience with using Samsung Pay- Highly Recommended

-
Image
I recently started using Samsung Pay and wanted to capture my experiences with it. Have you tried it? Its worth it. This all started from when I noticed someone pay with their phone in an apple store for buying another apple phone. Ironical! Silence... I was picking up an apple watch 3 for my wife as a Christmas gift. Yess! I was more excited. A guy next to me was browsing on his phone, and when it came to payment, he just used his phone to complete the process and walked away. However I must confess, it was like two zombies interacting. Dont you know what i mean? The human interaction, the "thank you", the "bye byes" etc are fading away. So, much so that it feels plasticky especially at stores as if the sales reps are pushed to say those words. Sorry, I digress: The coolest part of that was not the need to pull out the wallet, swipe or insert the card and everything around it. We always have our phone in the hand, and its so much more convenient. Since then, I cam...
Read more

Amazon go- The future is looking really cool

-
Image
This week, Amazon finally launched Amazon-go store. Yay!!! This store has been in testing for over 1 year and was open to Amazon employees in between, for well not shopping but test driving. That must be fun test, on Amazon's dime. Instead of training the employees to run the store, they were training the zillions of cameras, sensors and working on recalibrating the processes.  Reports were that when things were moved around[scenario, where you walk in with your child and they let loose], there were errors reported. However, most of that seems to be perfect now. It's a big step forward for everyone and that's why every media outlet is going ga-ga and every retailer is sweating. For those souls, who don't what Amazon go is? I know you are there! It's a physical store, launched by Amazon as an extension to their online giant brand, and also as an experiment to disrupt typical retail. how is disruptive, you may ask? There is freakin no checkout lane, and there is no ca...
Read more