The Transformation of Retail

Influencing Factors for the Future of Retailing

Demographic Shift

Millennials are coming of age, while the baby boomers remain an important shopping block

Globalization

Globalization has significantly lowered entry barrier and made it even more crucial for retailers to seek and maintain unique advantages

Changing Consumer Behaviour

Price-sensitive, health conscious, demand for a personalized experience, oriented toward environmental sustainability, fast-changing habits

Technology

Data overload, balancing the omni-channel, mobile commerce, power to the “bottom of the pyramid”


The Future of Retail Education

Future students aspiring to impactful retail careers, need an in-depth curriculum that focuses on the fundamental, integrated aspects of retail management:

Technology

Business

Human / Cultural

Computer Science

Retail Ops

Branding

Social Media

Merchandising

Trend Forecasting

Digital / Omni / E-commerce

Assortment Planning

Visual Presentation

Artificial intelligence

Real Estate

Intercultural Trends

Data Science

Logistics/Supply Chain

Anthropology

Analytics

Global Value

Behavioral Sciences and Decision Making

Innovation

Management

Corporate Social Responsibility

Environmental Science

Integrative Thinking

Virtual Reality

 

Problem Solving

Consumer insight

 

Mobile Payment Systems

 

 

Entrepreneurship

 

 

Marketing

 

 

Statistics

 

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