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Technological Innovation and Future of Retail Industry - How will Consumer Adoption of Technology Reshape the Retail Industry? - Product Image

Technological Innovation and Future of Retail Industry - How will Consumer Adoption of Technology Reshape the Retail Industry?

  • ID: 2757392
  • January 2014
  • Knowledgefaber

Report covers evolution of modern retail, effect of technology and emergence of omni channel retailing. The report also captures current issues retailers are facing while adopting omni channel and offers solutions to problems available through new Point of Sale terminals. The report also includes case studies of top retailers who have adopted omni channel retail.

The United States has a well-established retail industry. The retail industry has generated sales revenue of US$4.5 trillion from about 3.8 million retail establishments in 2013. Offline sales and online sales contribute to 94% and 6% of the total sales respectively.

Until early 2000’s, the retail industry in the U.S. was primarily a brick and mortar system. The primary purpose of stores was to distribute products. Stores were in many cases the only means of distributing products to a specified market. Currently the brick and mortar sales are $4.25 trillion which grew at a CAGR of 2% over the last 5 years. The industry has undoubtedly witnessed slump in sales in the last five years with the emergence of ecommerce.

In the last 8 years ecommerce has played an increasingly important role in the U.S. READ MORE >

I. Executive Summary

II. Evolution of Retail industry
a. Traditional Brick and Mortar Retail
i. Market size – Past, Present and Future
b. Effect of Technology on traditional Retail and emergence of E-commerce
i. Emergence of Ecommerce
ii. Market Size – Past, Present and Future

III. Emergence of Omni Channel Retail
a. Issues with setting up Omni Channel Retailing
b. Role of POS terminals in Omni-Channel Retail

IV. Case Studies (Omni Channel success)

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