Agenda:
- Rate of change.
- Retail Gloom And Doom
- The Reasons
- Retail 3.0.: Saving and Seizing your Customer’s Attention Through Frictionless and Shareable Experiences. Retailers who are Doing It and How You too can Do It.

Learn how to get IDEAS, how to turn ideas into INNOVATIONS for your business, how to turn innovations into a PLAN OF ACTION and how to turn a plan of action into RESULTS!

Retail Panel Discussion & Audience Questions
Retailers share compelling stories on how they manage to excite their customers and how they reap the benefits by scoring stellar sales. Learn how they use the following:
• In-store and community events
• Retail store environment
• Customer Engagement
• Consumer expectations

Have you heard the news? 5,000+ stores will have shut down their doors by the end of this year and more will be added to the list in the next few years. It’s bad news for those who cannot make it. It’s good news for the rest of us who are determined to weather the storm. It’s not an easy task, and one that takes to know what it is that we need to do to make shopping exciting for the customer again. Yet, there are quite a few retailers out there who are thriving and for very good reasons.
Learn who they are and what they are doing that you can do, too!

Presentation at the 2017 Coverings Conference in Orlando, FL.
Review the reasons why so many businesses are dying.
 
Identify the businesses that are not only surviving but thriving in this highly competitive marketplace and what makes them special.

Predict consumers’ new buying preferences and respond to them faster than your competition.  

Demonstrate that online can only make you stronger.

List resolutions and imperatives to guide you in 2017 and the years to come.

Presentation at Coverings 2017 Conference in Orlando, FL.
Identify the reasons why customers say that they don’t like shopping anymore.
 
Identify what it is that they expect – which is much, much different than what we are doing today.

Look down the road at the retail playbook script that will get customers excited again – tough as hell to do but it is either this or…

Retailers have seen a lot in the last decade or so. First, customers started demanding lower and lower prices, then deals every day, then instant free delivery and no cost returns, and now, they are only coming to a store if we can deliver them an outstanding experience.

Experiential retailing has been around for a long time but it has reached new heights lately blurring the the lines between residential/personal and retail, hospitality and retail, and physical and digital (some call it 'category convergence').

New concepts, an amalgam of traditional services, convenience and new options, are supposed to help traditional retailers compete with the rise of online shopping. ‘By offering services like hair salons, bike repair shops, and restaurants, stores are becoming one-stop-shopping giving customers an experience they can't purchase with a click of their mouse’ explains Urban Outfitters Marketing Manager Tracy McGinnis. Urban Outfitters, Bonobos, Warby Parker, Nordstrom, Restoration Hardware are just a few examples of retailers focusing on “experience/lifestyle retail” as you have not seen before.

As we always say, customers shop horizontally and the new experiences customers are having at these stores are raising the bar for everyone else.

In this presentation you are going to learn what you need to do to meet consumers’ new experience expectations by coming on an exciting journey with us where we are going to explore trends that you need to watch and embrace. Here is a taste of them (note: we update and change them monthly):

- A new definition of competition: industry game changers
- A new definition of shopping: mobile and online imperatives
- New retail channels: social retail outlets
- Caring for Generation Z: your plan for the future
- Caring for Generation Y: the most difficult customers
- A new definition of store: merchantenment, retailtenment
- Slow shopping: tapping into US consumers' preference for experiences
- In store technology that customers really care about
- Deliver me now: anyway possible
- IoT: to gain operational efficiencies and deeper customer relationships
- Low price no more: you need a point of difference and price is not it

Mobile is definitely a significant part of the way customers experience brands today. Yet, receiving offers via phone is not something customers always like. In fact, most of the time they think it is intrusive. That sometimes happens when retailers use beacons to target customers as they walk past their store and just send them random offers.
 
What if you could market your brand in a way that your customers feel valuable and it is a service to them? Can it be done? Of course, it can! Learn in this presentation what some of the the top retailers are doing to personalize offers and messages to their customers and make them crave those messages and help them reap the benefits with increased sales.

It has been said that data is the new oil. That may be true insofar as it is and will become even more valuable than oil to our economy but this will only be the case for those companies who realize the value of data and how to collect it, store it and then use it to better understand and even predict the behavior of staff and more importantly customers.

First companies have to determine what data is important to their businesses, then they have to determine how they will capture that data and if it is cost effective to do so.

Once the data has been collected then how will it be stored and in what format, this will determine how easy it will be to then sort, filter and turn into usable information. Often the storage of data is done in what is called ‘data warehouses’ but that name is somewhat misleading insofar as there really may not be a single place where the data is stored and in no way does the data exist on shelves or pallets!

In this session you will learn how to:
- Build a business case for collecting and using data in your company
- Identify what basic data you should be collecting every day
- Decide on the best format to store that data for easy access and understanding
- Identify the best uses of data today to better understand your customer
- Learn what software is available for analysis
- Learn the difference between predictive analytics and data analysis

Much has been written and said about millennials. Learn the true facts about this much researched generation, they are your customers, your employees, your boss and everything else in between.

Learn the reasons why they are the way they are and most importantly how to capitalize on their strengths and deal with their differences and learn how to increase your sales and profits by aligning with their goals and aspirations.

Because there is a lot that they have to offer that can benefit you. Plus, they are here to stay and buy!

In this session you will learn:
- What is a Millennial? Definition; Differences with other key buying generation groups (Boomers and Xers)
- What characteristics are common to Millennials around the world?
- Global social media map
- How do Millennials decide what to buy and why? Path to purchase; Media that reach them
- How do you talk to Millennials?
- Why you need to connect with Millennials?

What makes a great leader? A deep understanding of psychology. But no, you don’t need a degree in the science of the mind and have studied all the behavioral theories but rather you need to understand a few fundamental truths about what motivates people's actions and perceptions. 

Because you can teach people how to do things right – the correct behaviors – but unless they are motivated, they are not going to do them just because you asked. Learn to be an effective leader by understanding your people’s motivation, needs and competency levels.

Did you know that family businesses account for a staggering 50 percent of the gross domestic product of the U.S.? And it is not just in small storefronts or website businesses: 35 percent of Fortune 500 companies are private or public companies that are controlled by families (source: Forbes)

And yet if you own a family business, you know those statistics don’t come without pain. Independent Business Owners and family business owners in particular reach a point when their overwhelming question and biggest worry is: what should I do with this business I own?

Even when business is thriving, they often wonder how long can they continue to run it and put in 70-100 hours’ work a week. And if it is not doing so well, they wonder when they should sell and how much they can sell it for..

And sometimes they wonder: what are my options? Leave it to the kids, sell it to them or to friends? Put it on the market and sell to strangers? And most importantly — How much is it worth?

No easy questions or answers and certainly no small decisions to make and that is why it is important to have a clear roadmap to determine what the next steps should be after reviewing pros and cons of all options which is the subject of this workshop. In particular, you will learn:

- How to asses the health of your business and know when it is time to close and move on (is it a 'dead man walking’?)
- The steps to create a viable plan to sell your family business
- The pros and cons of selling your business to family and friends
- The step you need to take to get your business ready for sale
- The steps you need to take to assess the value of your business and how to determine what your asking price should be
- Will you sell it yourself or hire a broker? Learn the upside and downside to each approach