Look at the situation and the problem in the context of life, not the category.
-Jon Steel
The Human Truth About Retailing in a Digital World
The Browser always pulls the best articles. How does it work? Who's in charge? They just always find the good stuff. So it wasn't surprising the other day when they featured Why Shopping Will Never Be The Same.
Retail in the next ten years, it's predicted in the article, will rocket forward at a pace never seen before. Magic Mirrors, Smartphone Payment and 3-D printing will be significant factors. But the last one is incredibly grand... The ability for us to print towels, clothing and iPad cases right at home seems to go beyond Minority Report. 3-D printing is a confusing term for this though. Additive manufacturing is easier to visualize but probably too serious. Maybe there's another word.
When thinking about retail with these developments, Why Shopping Will Never Be The Same is probably true. For the likes of J. Crew, Best Buy, Bed Bath & Beyond and Sports Authority the next decade will bring significant change, largely at the hands of switching from warehouse places to buy stuff to smaller places to play with stuff and then order online for home delivery. Competing with the likes of Amazon is difficult.
Gartner says that "in ten years, retail as we know it will be unrecognizable." Unrecognizable? All of retail? 10 years? The industry is often quick to say things like that or, more dramatic yet, to proclaim that something is dead. (Especially those selling solutions.) In reality, things don't die quickly. Ten percent of us still listen to cassette tapes.
Things also don't grow as quickly as early adopters might have us believe. Just look at back-to-school shopping this year. Smartphone usage for parents during back-to-school retail is up only one percent over last year. Yes, gadgets change quickly but behavior doesn't change universally, quickly.
In 2020 we'll find some retail hasn't changed much. Weekend yardwork will still prompt a morning visit to Ace for a hand shovel and Green Acres for some plants. Handbag shopping will still require hanging purses on the arm in front of a clothing store mirror Saturday afternoon for a date that evening. Dinner ideas still won't be worked out by 5pm and people will go to the market to shop what's fresh. We get in moods to immediately explore and own things. We should be careful about statements like "in ten years retail as we know it will be unrecognizable."
Retail will indeed change. And some of it will be unrecognizable. But some of it will be similar to today. And isn't that kind of cool for us as shoppers? To have a mix of different experiences each time we walk into a store?