Progressive retailers must track, analyze, and adopt these ten trends. Read the full blog post here http://www.web-strategist.com/blog/2013/11/26/ten-trends-for-the-progressive-retailer/

1. Ten Trends for the
Progressive Retailer

2. 2
1) People desire purpose, beyond profits.

3. 3
1) The Millennial generation, and beyond,
expect companies to stand for purpose
over profit.

4. 4
2) Sharing emerges as a business model –
beyond consumption.

5. 5
2) Pleygo enables parents to rent toys –
rather than buy –avoiding retail stores.
Pleygo offers you the ability to rent out your own
toys, too.

6. 6
3) Local neighborhood commerce enables
new opportunities.

7. 7
3) Lockitron, an electronic lock, accessed
via web apps, enables unmanned retail
locations to exist in neighborhoods.
Andy Rubin of Yerdle suggests retailers can “Forward Deploy”
products into local neighborhoods for easy access.

8. 8
3) On Demand Models and Subscription
Economy redefine retail.

9. 9
4) Trunk Club delivers men’s clothes to
your doorstep, via a “Mechanical Clerk”,
an personal online stylist.
Digital business executive Ethan Holland coined “Mechanical
Clerk” indicating how cloud services now extend to retail.

10. 10
3) Now, 3D printing offers customized
products, and impacts supply chain

11. 11
5) As 3D printed apparel emerges,
customization increases --reducing
inventory, impacting supply chain.
Victoria Secret fashion show features only 3D printed lingerie, and
Appalatch offers customized, sustainable, 3D printed wool sweaters

12. 12
6) Marketplace models extend brand
beyond core value proposition.

13. 13
6) Brands launch marketplaces to feature
Makers and promote social good.

14. 14
8) New forms of data improve customer and
brand relationship.

15. 15
7) Businesses can now rate customers –
offering a better experience for all.

16. 16
7) Alternative currency spurs new
transaction opportunities.

17. 17
8) Alternative currencies, like Bitcoin,
leave authorities confused, yet online
merchants adopt.

18. 18
9) Crowdfunding offers the highest form of
loyalty: shared fate.

19. 19
9) Online Retailer Betabrand let’s the
crowd choose products via crowd funding
–a higher degree of loyalty.

20. 20
10) Crowd created products offer endless
innovation.

21. 21
10) Etsy and Nordstrom partner to deliver
endless innovation from Maker
Movement

22. 1) People desire purpose, beyond
profits.
2) Sharing emerges as business model
over consumption.
3) Local neighborhood commerce
enables new opportunities.
4) On-demand delivery sends products
direct to home.
5) Now, 3D printing offers customized
products, and impacts supply chain
6) Marketplace models extend brand
beyond core value proposition
7) New forms of data improve
customer and brand relationship.
8) Alternative currency spurs new
transaction opportunities.
9) Crowd funding offers the highest
form of loyalty, shared fate.
10) Crowd created products taps
endless innovation.
SUMMARY: TEN TRENDS FOR THE PROGRESSIVE
RETAILER
22
Business Models

23. 1. People are empowered to get what they
need from each other.
2. The crowd is becoming like a company –
bypassing inefficient corporations.
3. Corporations must use these same tools
and strategies to regain relevancy.
4. This requires business model change.
5. The crowd will become the company,
making corporations resilient.
FINAL TAKEAWAYS