Entrepreneur's Daily Dose blog has a list of 6 retail trends for 2011. The trends are:
- Global Retailing
- Going Green
- Going Mobile
- Local Relevance
- Social Networking
- Shrinking Assortments
That both global and local made the list caught my eye. It seems a bit of a paradox, but I agree that retailing - and business in general - is increasingly global and local. I also like their description of the local relevance trend:
"If you're not expanding worldwide, you'd better be tightly focused on meeting the specific needs of customers in your local market. It's the edge independents can use against larger chains."
Click here to go to the story.
Shrinking assortments...I guess the retailer has yet to figure out how to utilize and profit off of the "Long Tail". My guess would be continued growth in online retail.
Posted by: DavidMaenner | January 20, 2011 at 12:32 PM
I have the same guess, online retailing is going strong nowadays. It will definitely grow.
Posted by: Brad Fallon | January 22, 2011 at 07:21 AM
you'd better be firmly concentrated on gathering the exact desires of clients in your localized market. It's the for demonstration independents can use contrary to bigger chains
Posted by: steel building design | January 22, 2011 at 08:00 AM