FUTURE OF RETAIL

Reinvention & Revolution: Retail On
    Demand & The New Brand
            Champions
PSFK Future of Retail Report 2012
PSFK Future of Retail Report 2012
PSFK Future of Retail Report 2012
Modern Shopper’s Expectations
 Sophistication Based On Personal
  Knowledge
 Prepared To Trade Data For ABetter
  Experience
 Instant Access To Expertise
 Takes Advantage Of Technology
 Wants To Be Offered A Perfect Match
PSFK Future of Retail Report 2012
THE NEW BRAND
  CHAMPION
“LET ME SELL ON YOUR BEHALF”




THE NEW BRAND CHAMPION
Setting The Stage
SHOPPER AS
By clearing the air before customers enter a store and calling out targeted

AFFILIAT
moments for valuable interactions, retailers are helping to create the
foundations of a focused and worthwhile interaction
MULU.ME
COMMISSION FEES EARNED BY INFLUENCING
                    ONLINE PURCHASES
TESCO
SHARING PRODUCTS ON FACEBOOK DOUBLES
            CUSTOMERS’ LOYALTY POINTS
PSFK Future of Retail Report 2012
BARCLAYCARD RING
COMMUNITY POWERED CREDIT CARD INVOLVES CARDHOLDERS
                    IN CARD MANAGEMENT AND PROFITS
CATERPILLAR
CONSTRUCTION BRAND GETS REAL-TIME FEEDBACK FROM
                CUSTOMERS ON NEW TRUCK DESIGNS
“HELP ME DECIDE WHICH ONE TO
BUY”




Meta-Library
By tapping into the wealth of online information by leveraging image
recognition search and augmented reality to present detailed information and
contextual relevance, users are able to use information without being tied to
a specific medium or behavior.
NEEDLE
SERVICE PAIRS CONSUMERS WITH BRAND EXPERTS FOR
                REAL-TIME PRODUCT CONSULTATIONS
KYSY VAIKKA
INSURANCE COMPANY RECRUITS EXISTING POLICY
    HOLDERS TO ADVISE POTENTIAL CUSTOMERS
“LET ME NAME MY PRICE”




Layered Virtual
Showcase
With a growing level of peer to peer communities that are working together
and searching for service answers, the right information is being rewarded
and being presented in easy formats for large groups of people to use and
share.
A new set of digital services are enabling shoppers to visually experience
and experiment with products before they buy.
NETPLENISH
APP LETS RETAILERS COMPETE TO SUPPLY
                    HOUSEHOLD GOODS
BUYAPOWA
WEBSITE PROVIDES BULK DISCOUNTS ON
                 POPULAR PRODUCTS
Modern Shopper’s Expectations
 Sophistication Based On Personal
  Knowledge
 Prepared To Trade Data For ABetter
  Experience
 Instant Access To Expertise
 Takes Advantage Of Technology
 Wants To Be Offered A Perfect Match
PSFK Future of Retail Report 2012
PSFK Future of Retail Report 2012
“Give Me Personal Attention And Better Service”




Service With An Opt In
NEIMAN MARCUS
LOCATION AWARE APP PROVIDES SALES-STAFF
           WITH CUSTOMERS’ PREFERENCES
MODCLOTH
STYLISTS LOOK TO YOUR PAST PURCHASES TO
                           TAILOR ADVICE
“Teach Me How To Use This”



RETAIL ON DEMAND
Subject Specialist
SHOPPER COACHING
 Staff members with specialized knowledge bases who can provide smarter
 answers and product recommendations to their customers in-store, online
 and over the phone.
MOTOMETHOD
MOTORCYCLE REPAIR SHOP INVITES CUSTOMERS TO
                  WORK ON BIKES THEMSELVES
LENBROOK
EXPERIENCE ‘POP-UPS’ SHOW CUSTOMERS HOW
      TO ACESS HIGHER AUDIO PERFORMANCE
“LET ME SHOP WHAT I LIKE”
GLIMPSE
SOCIAL SHOPPING CHANNEL USES FACEBOOK
        ‘LIKES’ TO BUILD CUSTOM CATOLOGS
PICKIE
PERSONALIZED MAGAZINE SHOWCASES FRIENDS’
                        LIKES AND SHARES
“LET ME BUILD THE PERFECT ONE FOR ME”




Experience Centers
Best-in-class brands are creating experience centers where consumers are
approached, not only as shoppers, but as sophisticated learners who are
eager to engage and create
EVOLVEX
CUSTOMIZING MODULAR FURNITURE ONLINE AT
                   AN AFFORDABLE PRICE
FUJIFILM
  3D PRINTING KIOSK ALLOWS RETAILERS TO
OFFER CUSTOMERS PERSONALIZED OBJECTS
“HELP ME CHOOSE THE PERFECT FIT”




Reading The Customer
RETAIL ON DEMAND

FIT WITH A CLICK
Opt-in services that allow customers to make their personal data available to
members of staff in exchange for the promise of tailored service, product
recommendations and optimization.
UPCLOAD
WEBCAM ENABLED ALGORITHM ENSURES CUSTOMERS
                     FIND THE RIGHT FIT ONLINE
SAYDUCK
AUGMENTED REALITY APP TESTS POTENTIAL
      FURNITURE IN CONSUMERS’ HOMES
PSFK Future of Retail Report 2012
PSFK Future of Retail Report 2012
CONTACT
 WHY PSFK
PSFK is a trends-led innovation company that
provides its clients with ideas and inspiration to
evolve its products, services and marketing
communications. We employ a unique methodology
to deliver trends research together with future
business concepts and user scenarios to a client list
that               includes              American
                                                                           Piers Fawkes
Express, BMW, Microsoft, InterContinental Hotels
                                                                        CEO & Founder
Group, Target and Pepsi.
                                                                        piers@psfk.com
                                                                       +1 646.520.4672

                                                                              Jeff Weiner
                                                        Director, Business Development
                                                                   jeff.weiner@psfk.com
                                                                         +1 646.520.4665
                                                                         +1 516.359.3453

                                                              42 Bond Street, 6th Floor
                                                              New York, NY 10012 USA
                                                                         www.psfk.com

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PSFK Future of Retail Report 2012

  • 1. FUTURE OF RETAIL Reinvention & Revolution: Retail On Demand & The New Brand Champions
  • 5. Modern Shopper’s Expectations  Sophistication Based On Personal Knowledge  Prepared To Trade Data For ABetter Experience  Instant Access To Expertise  Takes Advantage Of Technology  Wants To Be Offered A Perfect Match
  • 7. THE NEW BRAND CHAMPION
  • 8. “LET ME SELL ON YOUR BEHALF” THE NEW BRAND CHAMPION Setting The Stage SHOPPER AS By clearing the air before customers enter a store and calling out targeted AFFILIAT moments for valuable interactions, retailers are helping to create the foundations of a focused and worthwhile interaction
  • 9. MULU.ME COMMISSION FEES EARNED BY INFLUENCING ONLINE PURCHASES
  • 10. TESCO SHARING PRODUCTS ON FACEBOOK DOUBLES CUSTOMERS’ LOYALTY POINTS
  • 12. BARCLAYCARD RING COMMUNITY POWERED CREDIT CARD INVOLVES CARDHOLDERS IN CARD MANAGEMENT AND PROFITS
  • 13. CATERPILLAR CONSTRUCTION BRAND GETS REAL-TIME FEEDBACK FROM CUSTOMERS ON NEW TRUCK DESIGNS
  • 14. “HELP ME DECIDE WHICH ONE TO BUY” Meta-Library By tapping into the wealth of online information by leveraging image recognition search and augmented reality to present detailed information and contextual relevance, users are able to use information without being tied to a specific medium or behavior.
  • 15. NEEDLE SERVICE PAIRS CONSUMERS WITH BRAND EXPERTS FOR REAL-TIME PRODUCT CONSULTATIONS
  • 16. KYSY VAIKKA INSURANCE COMPANY RECRUITS EXISTING POLICY HOLDERS TO ADVISE POTENTIAL CUSTOMERS
  • 17. “LET ME NAME MY PRICE” Layered Virtual Showcase With a growing level of peer to peer communities that are working together and searching for service answers, the right information is being rewarded and being presented in easy formats for large groups of people to use and share. A new set of digital services are enabling shoppers to visually experience and experiment with products before they buy.
  • 18. NETPLENISH APP LETS RETAILERS COMPETE TO SUPPLY HOUSEHOLD GOODS
  • 19. BUYAPOWA WEBSITE PROVIDES BULK DISCOUNTS ON POPULAR PRODUCTS
  • 20. Modern Shopper’s Expectations  Sophistication Based On Personal Knowledge  Prepared To Trade Data For ABetter Experience  Instant Access To Expertise  Takes Advantage Of Technology  Wants To Be Offered A Perfect Match
  • 23. “Give Me Personal Attention And Better Service” Service With An Opt In
  • 24. NEIMAN MARCUS LOCATION AWARE APP PROVIDES SALES-STAFF WITH CUSTOMERS’ PREFERENCES
  • 25. MODCLOTH STYLISTS LOOK TO YOUR PAST PURCHASES TO TAILOR ADVICE
  • 26. “Teach Me How To Use This” RETAIL ON DEMAND Subject Specialist SHOPPER COACHING Staff members with specialized knowledge bases who can provide smarter answers and product recommendations to their customers in-store, online and over the phone.
  • 27. MOTOMETHOD MOTORCYCLE REPAIR SHOP INVITES CUSTOMERS TO WORK ON BIKES THEMSELVES
  • 28. LENBROOK EXPERIENCE ‘POP-UPS’ SHOW CUSTOMERS HOW TO ACESS HIGHER AUDIO PERFORMANCE
  • 29. “LET ME SHOP WHAT I LIKE”
  • 30. GLIMPSE SOCIAL SHOPPING CHANNEL USES FACEBOOK ‘LIKES’ TO BUILD CUSTOM CATOLOGS
  • 31. PICKIE PERSONALIZED MAGAZINE SHOWCASES FRIENDS’ LIKES AND SHARES
  • 32. “LET ME BUILD THE PERFECT ONE FOR ME” Experience Centers Best-in-class brands are creating experience centers where consumers are approached, not only as shoppers, but as sophisticated learners who are eager to engage and create
  • 33. EVOLVEX CUSTOMIZING MODULAR FURNITURE ONLINE AT AN AFFORDABLE PRICE
  • 34. FUJIFILM 3D PRINTING KIOSK ALLOWS RETAILERS TO OFFER CUSTOMERS PERSONALIZED OBJECTS
  • 35. “HELP ME CHOOSE THE PERFECT FIT” Reading The Customer RETAIL ON DEMAND FIT WITH A CLICK Opt-in services that allow customers to make their personal data available to members of staff in exchange for the promise of tailored service, product recommendations and optimization.
  • 36. UPCLOAD WEBCAM ENABLED ALGORITHM ENSURES CUSTOMERS FIND THE RIGHT FIT ONLINE
  • 37. SAYDUCK AUGMENTED REALITY APP TESTS POTENTIAL FURNITURE IN CONSUMERS’ HOMES
  • 40. CONTACT WHY PSFK PSFK is a trends-led innovation company that provides its clients with ideas and inspiration to evolve its products, services and marketing communications. We employ a unique methodology to deliver trends research together with future business concepts and user scenarios to a client list that includes American Piers Fawkes Express, BMW, Microsoft, InterContinental Hotels CEO & Founder Group, Target and Pepsi. [email protected] +1 646.520.4672 Jeff Weiner Director, Business Development [email protected] +1 646.520.4665 +1 516.359.3453 42 Bond Street, 6th Floor New York, NY 10012 USA www.psfk.com