The 2022 Holiday Season Retail Forecasts - Shop Early
Tony D'Onofrio
by
1y ago
Even though it's only very early fall, it is beginning to look a lot like Christmas in many of the stores that we go. Santa must be anticipating a mad rush on limited supplies as multiple major retail chains already have their trees and trimmings out for sale.  Typically, late summer and early fall is when all the retail holiday predictions are published. The key words that are bubbling up in this year's cloudy crystal ball are early, inflation, recession, discounts, and the continuing battle between physical and digital retail. Timing of economic cycle will potentially lead to more ..read more
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The 2022 Retail Holiday Season Forecasts Roundup - Shop Early
Tony D'Onofrio
by
1y ago
Even though it's only very early fall, it is beginning to look a lot like Christmas in many of the stores that we go. Santa must be anticipating a mad rush on limited supplies as multiple major retail chains already have their trees and trimmings out for sale.  Typically, late summer and early fall is when all the retail holiday predictions are published. The key words that are bubbling up in this year's cloudy crystal ball are early, inflation, recession, discounts, and the continuing battle between physical and digital retail. Timing of economic cycle will potentially lead to more ..read more
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The Global Economic and Retail Headwinds in Seven Formidable Charts
Tony D'Onofrio
by
1y ago
The world faces multiple challenges for the balance of 2022, into 2023, and it may even extend into 2024. Multiple negative forces are combining to slow the dramatic growth of the pre-pandemic decade.  A recent Wall Street Journal article, 'COVID-19 is Still Killing Hundreds of Americans Daily', reminded us that the disease is on pace to remain the third-leading cause of death in 2022. The war in Ukraine continues to place a harsh toll on people's lives and feeds global economic uncertainty, especially with energy prices.  The retail industry recovered quickly from COVID-19, but Inf ..read more
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Part 2: Is Retail Crime Out of Control?
Tony D'Onofrio
by
1y ago
In Part 1 of this series, we presented the latest crime statistics including the pandemic impact and the recent trends on increased violence.    In this final Part 2, we profile the criminals and their preferences. We explore retail crime scenarios with inflation and a potential recession. Finally, we summarize my thoughts (and yours) on whether retail crime is out of control and what we can do about it. The introductory picture is a big hint on the key answers. The Who, What, and When in Retail Theft From QuerySprout, let's start by profiling retail criminals ..read more
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Is retail crime out of control?
Tony D'Onofrio
by
1y ago
Part 1 of 2: Latest Retail Crime Statistics and Inflation--Recession Impact Late last year sensational ‘flash rob’ pre-holiday events elevated concerns with retail crime. “On Black Friday alone, a crew of eight made off with $400 worth of sledgehammers, crowbars and hammers from a Home Depot in Lakewood, Calif.; a group ransacked a Bottega Veneta boutique in Los Angeles; and roughly 30 people swarmed a Best Buy near Minneapolis, grabbing electronics.” In the era of social media, these events and more led to riveting television coverage (NBC Bay Area). It’s not too early during this summer to ..read more
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Keep on Rockin' in the Retail World (*)
Tony D'Onofrio
by
1y ago
As this rockin' picture reminded me, the retail industry, even with its current negative challenging forces, remains very vibrant. 2021 confirmed that we are all resilient consumers who will continue to shop our favorite brands. In May 2021, E-marketer forecasted that retail sales globally would rise 6% to just over $25 trillion, which was a significant comeback from 2020. By the end of year, 2021 global retail sales actually grew 9.7% reaching total spending of just over $26 trillion. 2021 in-store sales grew a healthy 8.2% globally to just over $21 trillion which was more than was spe ..read more
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The World's 2022 Top 5 Most Valuable Retail Brands
Tony D'Onofrio
by
1y ago
With a Peek at the Top Global Technology Brands of 2022 For quite some time, I have been predicting that the future of retail will be driven by stronger branding and increased digitally influenced immersive customer experiences. COVID-19 became a major accelerator of digital transformation trends with technology often becoming the differentiator to changes in consumer loyalty. “The pandemic ushered in an unprecedented level of channel switching and brand loyalty disruption. A whopping 75 percent of consumers tried new shopping behaviors, with many of them citing convenience and value. Fully 3 ..read more
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Then and Now: GPS, Wi-Fi, and Social Media
Tony D'Onofrio
by
2y ago
The Surprising Start and Success of Your Favorite Technologies Our physical retail and digital innovation exploration journey so far:  Part 1 - We explored the humble beginnings of department stores, supermarkets, and the first use of a bar code in a physical store; Part 2 - We expanded our innovation journey to ecommerce, smartphones, and robots; Part 3 -We shifted to loss prevention technologies: cash registers, CCTV cameras, and Electronic Article Surveillance; Part 4 - Fast rising RFID, Self-checkouts, and the Internet of Things (IoT) made an appear ..read more
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Then and Now: RFID, Self-Checkout, and the Internet with All Those Things
Tony D'Onofrio
by
2y ago
The Surprising Start and Success of your Favorite Technologies In Part 1 of this series, we explored the humble beginnings of department stores, supermarkets, and the first use of a bar code in a physical store. In Part 2, we expanded our innovation journey to ecommerce, smartphones, and robots. In Part 3, we shifted to loss prevention technologies some of which have become powerful workhorses in store operations: cash registers, CCTV cameras, and Electronic Article Surveillance (EAS). In this Part 4, we provide some definite answers on the start and adoption rates of RFID, we seek more conta ..read more
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Then and Now: The Surprising Start and Success of Your Favorite LP Technologies
Tony D'Onofrio
by
2y ago
Part 3: Cash Register, CCTV Video Camera, Electronic Article Surveillance In Part 1 of this series, we explored the humble beginnings of department stores, supermarkets, and the first use of a bar code in a physical store. In Part 2, we expanded our innovation journey to discover the evolution and success of ecommerce, smartphones, and robots. Part 3 focuses on technologies that were originally invented to secure profit (cash register), property & high-risk areas (CCTV Camera), and consumer products (Electronic Article Surveillance or EAS). Multiple of these originally envisioned security ..read more
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