Studentshare
Subjects
Business
Ideas on how the retail industry is going to change in the next five years

Ideas on how the retail industry is going to change in the next five years - Essay Example

Add to wishlist

Summary

Ideas on how the retail industry is going to change in the next five years I think that retail in the next few years will take a more sophisticated consumerist form. This is mainly because of the empowerment of the consumers. Today, anyone who wants to buy can use all the technological innovations and tools to help him or her decide on the purchase…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER94.8% of users find it useful

Ideas on how the retail industry is going to change in the next five years

Read Text Preview

Subject: Business
Type: Essay
Level: Undergraduate
Pages: 3 (750 words)
Downloads: 2
Author: enahills

Extract of sample "Ideas on how the retail industry is going to change in the next five years"

Download file to see previous pages

Everything is being provided, all that a consumer will do is to click the mouse, touch his mobile phone and wait for the experience. The implication of this is that consumers become more discerning and more demanding as well in the future. They would expect smarter and better looking phones at the same time, they would not only want a copy of the number that Jennifer Aniston wore in a picture they found on Yahoo! Rather, they could find better ways or places to get them from in cheaper prices.

The period today and in the future would not be called the Information Age for nothing. Retail will have to adapt to this phenomenon with both of the negative and the positive sides all thrown in the package. This also means that spins or false advertising will be a thing of the past.

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Ideas on how the retail industry is going to change in the next five years

ITunes price changes hurt some rankings

hellip; After the price change, the $1.... After the price change, the $1.... The prices change the rankings and the rankings which in turn impact sales and revenue.... Buyer reaction to price changes are a result of the value the customers see in the price change.... A significant notion raised by this article is the way in which how prices alter the rankings of songs in the music industry.... These changes give a general idea of how incremental changes in revenue can be reached....

9 Pages (2250 words) Assignment

Argyle Diamonds Business Strategies

The fact is, there may be ideas that will not be applicable across the diverse target market population.... In the paper “Argyle Diamonds Strategic Business Plan” the author analyzes today's market, which is characterized by highly competitive organizations which are all vying for consumer's loyalty....

15 Pages (3750 words) Case Study

Contemporary Developments in Business and Management

If they change their model of operation and take into account several factors like building customer confidence, assuring online security and privacy and understanding customer needs, they would be able to overcome the challenges posed by e-commerce in grocery retail.... The total retail sales through UK grocery outlets were valued at £120bn in 2005 out of which the contribution of supermarkets and superstores was £88bn (Defra, 2006).... retail grocery sector provides 5% of the employment in the UK and the profit margins of the supermarkets ranges between 2 and 6 percent....

16 Pages (4000 words) Essay

Need for Organizational Change Management at Kmart

At the beginning of 2002, “the company filed for bankruptcy after its debt spiralled to more than $10 billion” (Kelly, 2004), and it has been reported that in the next two years the company had closed nearly 600 stores and laid off nearly 59000 employees.... Despite the fact that prices have undergone numerous changes with the passing years, Kmart's business philosophy remained the same – the company strongly believed that the best way to retain customers is by offering them “products they need at prices they can afford” (Sears Holdings Corporation-a, 2010)....

15 Pages (3750 words) Assignment

The Field of Loss Prevention

The author of the paper "The Field of Loss Prevention" became interested in the field of loss prevention, specifically the focus on minimizing product loss as a consequence of theft as a result of influences during his formative years.... Loss prevention is important in most industries to some degree....

8 Pages (2000 words) Essay

J.C. Penney - Change Management

It provides an overview of the retail industry and SWOT analysis of J.... Penney intends to become a growth leader in the retail industry.... Overview of the Retail IndustryThe retail industry in the United States clocks more than $3.... Penney - change Management" focuses on the mission and vision of the company.... The company's stated goal is to build deeper, more enduring relationships with its customers, increase associate engagement and retention and deliver industry-leading financial performance for its shareholders....

8 Pages (2000 words) Case Study

Home Retail Group Financial Analysis

Technological advancements are bringing rapid change in the style of business decision-making.... This essay presents the financial analysis of Home retail Group, one of the best home and general item retailers in the UK and is listed on the London Stock Exchange.... The paper also provides its readers with financial, strategic and stock market information of Home retail group.... hellip; From the analysis of external and internal environment, it can be suggested that the overall conditions of UK are supportive for Home retail Group....

20 Pages (5000 words) Essay

Retail Marketing Analysis on Next Plc

These are worked out keeping the next consumer's profile in mind.... … The paper "Retail Marketing Analysis on next Plc" is a perfect example of a case study on marketing.... nbsp;next plc is a company based in the UK that specializes in the home shopping and retailing of womenswear, menswear, childrenswear, interiors, accessories, fashion jewellery and telecommunication software services.... The paper "Retail Marketing Analysis on next Plc" is a perfect example of a case study on marketing....

11 Pages (2750 words) Case Study