What Does Alibaba's "New Retail" Concept Mean for Amazon?By Jasmine Glasheen Alibaba stole the show at NRF this year. The “New Retail” concept coined by Alibaba’s founder, Jack Ma, promises to finally blur the lines between physical and digital. While...
In 2016, an examination of Canada's Retailing growth revealed that clients are progressively shopping on the web, our shippers have been moderate to grasp the online business wave. The study suggested that Canadian traders utilize the nearby innovation biological system to enable them to modernize their activities for the 21st-century purchaser.
Like any business sector, there are many touchpoints between retail and tech. And while traditional customer service, communication and emotional intelligence skills are still worth their weight in gold, keeping abreast of digital, data, hardware and software developments means you won’t get left behind while competitors adapt and thrive.
The retail industry is heavily saturated and intensely competitive, with new business constantly popping up with claims of having the biggest, best and cheapest products.
There can be no denying that retail is a harsh industry. With plenty of challenges come from all angles, maintaining a consistent position within traditional retail can seem almost impossible.
The internet of things has already managed to threaten traditional grocery stores in the interest of a better customer experience. And with modern food retailers popping up all the time, this trend promises to pick up speed rather than slowing down.