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Five Mega-Trends Reshaping Retail

This article delves into the five mega-trends affecting retail and how retailers should plan to reshape their business models to include them.

Retail executives need to pay attention to technology mega-trends like big data, mobile, social, and cloud that will reshape the retail landscape over the next 5, 10, or 20 years. Innovation Excellence has compiled a great list of statistics to help foreshadow the impact of these tech mega-trends across different sectors, and you will see that retail is in the crosshairs of each. Price intelligence will help savvy retailers seize the opportunities and mitigate the risks associated with each of these technology mega-trends. The digital revolution is here. Are you prepared?

About the Author
360pi derives profitable insights from product and pricing big data to help leading omnichannel retailers, etailers, and brand manufacturers compete and win with shoppers. 360pi’s customer base accounts for over $US200 billion in annual product sales and includes Ace Hardware, Build.com, and Overstock.com, along with several Fortune 500 consumer products companies. With the majority of in-store purchases being influenced online, 360pi helps retailers and brands successfully navigate the multi-channel landscape with real-time insight into who is selling what, where, and for how much. Ultimately, 360pi customers make smarter decisions faster to drive increased revenues and margins across all channels.