While the old real estate adage, "Location, location, location" has long governed the world of retail, its dominance is waning in light of rapid market transformations. These upheavals stem from geopolitical shifts, disrupted market dynamics, intensified competition, channel fragmentation, and unpredictable consumer behaviors. Recent failures of major, established players have even led the business community to describe the situation as a ‘retail apocalypse’.
In the book Redefining Retail, Professor Philip Kotler and Dr. Giuseppe Stigliano provide a hands-on exploration of retail's evolving landscape and consumer brand marketing.
During the talk, Giuseppe will delve into the mindset needed and actionable strategies essential for refining an organization's operations, processes, and strategy. The focus will be on better aligning with the entire value chain while emphasizing sustainability, diversity, inclusion, and progressive employee work policies.
Giuseppe will highlight the ten core principles from their book, which remain relevant across startups, SMEs, and large, established organizations. The discussion will also encompass the primary challenges faced by retailers in a digitally transformed world and strategies for future-proofing marketing efforts centered on novel customer experiences. Attendees will gain insights into opportunities and challenges of crafting a seamless customer journey across physical, digital, and virtual realms.
In essence, this talk offers the definitive guide to retail and consumer brand marketing for professionals ranging from managers and entrepreneurs to investors and B2B/B2C consultants.
Audience Takeaways:
Omnichannel is a like sex for teenagers everybody speaks about it, everybody thinks that the others do it, nobody actually does it well.
The customer journey has become three-dimensional - digital, physical and virtual. And this has major implications to be considered.
We are entering the 5th wave of Retail. One in which technology will be less visible but far more present.