Retail technology is hot. The entire industry is reinventing itself centered around technology to facilitate organizational transformation. If you've been reading along, you may have been thinking as I have, "why are retailers acquiring these technology companies versus choosing to license their technology?" It's a good question and it comes down to people and organizations.
Were the recently announced Foot Locker store closures a result of a "retail apocalypse" or the result of static stores with poor customer experience and dwindling differentiation? We think you know where we are going here...
If you are a regular reader of the Retail Pick Me Up, you probably know we have always stood against the catchy, but we think largely reductionist and inaccurate narrative of brick-and-mortar retail dying. New data shows that the retail industry is back in a position of strength.
So much came out at NRF with big announcements from PERCH and other technology companies. Positive retail results keep pouring in combatting the notion of a "retail apocalypse." The grocery industry is on fire, with acquisitions, partnerships and new technologies announced. And we cover voice search, Facebook updates, robotics and shoppable video.