Best of X - Retailtech - Walmart VS. Amazon & MORE
Let's upgrade your Monday: It's time for your Retailtech blogpost!
Let's start with your Monday-Bonus - a must hear:The fascinating interview with Doug McMilon - CEO of Walmart, where he talks about the future of retail, becoming more human to beat the digital competition (yes it's Amazon) and why their acquisition of Flipkart made sense.
Two must-reads for this week are a list of retail bankruptcies and the reasons behind it over the last three years and Amazon's domination of apparel sales through hyper-convenience.
But wait there's more... We have a new insightful Ikea report for you, it is an unsettling look at life in the 21st century. News from Wayfair: an AR home design app for Magic Leap headset is released! Take a look at how Kroger uses partnerships and digital innovation to transform the customer experience.
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A new Ikea report is an unsettling look at life in the 21st century
"Life at home is changing, profoundly, all over the world". Ikea Group and INGKA Holding published a research report on how people live in and relate to a specific aspect of their homes. How do people feel about privacy, security, belonging, comfort and ownership when it comes to their homes? [fastcompany]
Here’s A List Of 57 Bankruptcies In The Retail Apocalypse And Why They Failed
Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. In this report, we dig into 57 recent bankruptcies starting in 2015 and the reasons behind them. [cbinsights]
Kroger Uses Partnerships, Digital Innovation to Transform Customer Experience
Yael Cosset, chief digital officer, said in a keynote session at Groceryshop in Las Vegas : "The convenience of shopping for anything, anytime and anywhere, both in-store and online — is what will enable Kroger to sustain its position as the country's largest grocery retailer. Kroger going to use partnerships and digital innovation to transform customer experience." Read with whom Kroger is partnering and what strategy it applies to sustain its position. [mytotalretail]
Amazon is on track to dominate apparel sales. What's next for retailers?
Amazon accounted for 7.9% of U.S. apparel sales in 2017, second only to Walmart with a share of 8.6%. A lot of people believe that shopping for clothes is tactile. They want to see and touch the items. But on the other side we’re going in such a fast-paced environment and we want things quickly. Amazon incarnates hyper-convenience. So is Amazon taking the top spot by the end of this year? [clickz]
Wayfair launches AR home design app for Magic Leap headset
Wayfair, the online marketer of home furnishings, released an interior design app called Wayfair Spaces that works with augmented reality (AR) headsets developed by Magic Leap One. The app lets shoppers see professionally designed rooms and helps them visualize products in their homes. [mobilemarketer]
Have a successful week!