12 retail trends and predictions to watch for in 2017. (according to Vend’s 2017 Retail Trends and Predictions report https://www.vendhq.com/university/retail-trends-and-predictions-2017)
- Retailers who promote product quality, transparency, & sustainability will flourish.
- Stores providing unique in-store experiences will thrive.
- Retailers across the board will adopt mobile payment solutions.
- Smaller stores are in; larger stores are out.
- Personalization will become increasingly important to consumers.
- Same-day shipping will become more prominent.
- Retailers will continue to invest in omnichannel.
- Retailtainment will pervade the industry.
- Data will continue to be a significant component of retail success.
- Specialty stores will be more productive than department stores.
- Retailers will turn to apps, services, and third parties to fulfill the needs of modern shoppers.
- Retail and technology will become even more inseparable.
Topics: Industry Happenings