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 |
|
