Location: Oracle Retail

Discussion: What's next for retail?Reported This is a featured thread

Category: Discussion Forum / General Discussion
Showing 1 post
Dordav
Dordav
What's next for retail?
Nov 20 2007, 9:37 PM EST | Post edited: Nov 20 2007, 9:37 PM EST
I think there are several market forces that will change the retail industry.
1. The North American market is getting. This will force profitable retailers to find growth overseas, and unprofitable ones to go private.
2. The population as a whole, at least in the US, is getting older. This generation is willing to pay for good service and is less concerned about the lowest price.
3. People in their 20s and 30s that are now spending more money grew up with computers and are very savvy about shopping different channels. They are looking to be different, and want the products they purchase to make a statement, causing retailers to embrace mass customization.

Are there other major market forces at play? How will retailers react to these forces? What type of software is necessary to support their plans? 5  out of 11 found this valuable. Do you?    

Sign in to be the first to reply.

Related Content

  (what's this?Related ContentThanks to keyword tags, links to related pages and threads are added to the bottom of your pages. Up to 15 links are shown, determined by matching tags and by how recently the content was updated; keeping the most current at the top. Share your feedback on Wetpaint Central.)
Oracle Retail Online Resources and Community Overview Oracle Retail Retail