These days when we talk about retail the conversation quickly turns to e-commerce.
In a tech centric era, the pandemic was the perfect storm that convinced everyone that the future of retail was online.
Industry advisors and media proclaimed “Go digital or die”.
Companies threw every possible resource at building or enhancing their e-commerce channels. Massive amounts of capital was poured into technology-based digital solutions – oftentimes at the expense of everything else.
Everyone wanted to ‘replicate’ what Amazon was doing, with the hope of capturing some it the marketplace giant’s success.
As we found out ‘learning from’ and ‘replicating’ are two different things.
With the pandemic behind us – and inflation ahead of us – is the future of retail still going to be heavily dependent upon e-commerce?
And if not, what could the next successful business model look like?
In this episode Walter Holbrook, a retail consultant with over 50 years of experience in senior management roles at retail chains including Kmart, Kids Outlet, Turner Home, and Rugged Warehouse, shares what he sees as the multi-billion dollar overlooked opportunities in retail.
In this episode he’ll be discussing:
Why retail needs to refocus on driving profits rather than chasing sales.
How grass roots retailer chains are cashing in – without e-commerce or heavy investments in technology.
What successful retailers are getting right – and how its helping them win even in highly competitive markets.
USEFUL LINKS:
Connect with Walter Holbrook: https://www.linkedin.com/in/walter-holbrook-0665008/
Learn more about The Current Situation in Sourcing: https://thecurrentsituation.net
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