The Future of Retail: From Revenue Generator to R&D Engine
Our tough economic times have hit traditional retailers hard, particularly in North America. Circuit City and Borders have filed for bankruptcy; Ann Taylor and Home Depot have closed hundreds of stores; and American Apparel is reportedly millions of dollars in the red, to name but a few. The officia...
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| creator | Dana Cho Beau Trincia |
| description | Our tough economic times have hit traditional retailers hard, particularly in North America. Circuit City and Borders have filed for bankruptcy; Ann Taylor and Home Depot have closed hundreds of stores; and American Apparel is reportedly millions of dollars in the red, to name but a few. The official reasons for these failures range from overly-aggressive expansion strategies to unfortunate investment decisions – but, in reality, a big driver of this retail upheaval is old-fashioned belt-tightening. Financial uncertainty is prompting consumers to change their buying behaviours. Enabled by new technologies, shoppers are now using mobile phones to comparison shop on |
| format | Book Chapter |
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Circuit City and Borders have filed for bankruptcy; Ann Taylor and Home Depot have closed hundreds of stores; and American Apparel is reportedly millions of dollars in the red, to name but a few. The official reasons for these failures range from overly-aggressive expansion strategies to unfortunate investment decisions – but, in reality, a big driver of this retail upheaval is old-fashioned belt-tightening. Financial uncertainty is prompting consumers to change their buying behaviours. Enabled by new technologies, shoppers are now using mobile phones to comparison shop on</description><identifier>ISBN: 1442616202</identifier><identifier>ISBN: 9781442616202</identifier><identifier>EISBN: 9781442668362</identifier><identifier>EISBN: 1442668369</identifier><language>eng</language><publisher>University of Toronto Press</publisher><subject>Applied arts ; Architecture ; Arts ; Behavioral economics ; Behavioral sciences ; Branding ; Brands ; Buildings ; Business ; Business administration ; Business operations ; Buying behavior ; Civil law ; Cognitive processes ; Cognitive psychology ; Commerce ; Commercial buildings ; Consumer behavior ; Consumer goods industries ; Consumers ; Corporate communications ; Customers ; Economics ; External corporate communications ; Home ownership ; Human populations ; Income ; Industrial sectors ; Industry ; Inspiration ; Law ; Manufacturing industries ; Marketing ; Microeconomics ; Persons ; Population studies ; Property law ; Property ownership ; Psychology ; Retail industries ; Retail stores ; Retail trade ; Revenue ; Service industries ; Shopping ; Social sciences ; Thought processes ; Trade</subject><ispartof>Rotman on Design, 2013, p.134</ispartof><rights>2013 University of Toronto Press</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>779,780,784,793</link.rule.ids></links><search><contributor>Karen Christensen</contributor><contributor>Roger Martin</contributor><creatorcontrib>Dana Cho</creatorcontrib><creatorcontrib>Beau Trincia</creatorcontrib><title>The Future of Retail: From Revenue Generator to R&D Engine</title><title>Rotman on Design</title><description>Our tough economic times have hit traditional retailers hard, particularly in North America. 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| ispartof | Rotman on Design, 2013, p.134 |
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| language | eng |
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| source | eBooks on EBSCOhost |
| subjects | Applied arts Architecture Arts Behavioral economics Behavioral sciences Branding Brands Buildings Business Business administration Business operations Buying behavior Civil law Cognitive processes Cognitive psychology Commerce Commercial buildings Consumer behavior Consumer goods industries Consumers Corporate communications Customers Economics External corporate communications Home ownership Human populations Income Industrial sectors Industry Inspiration Law Manufacturing industries Marketing Microeconomics Persons Population studies Property law Property ownership Psychology Retail industries Retail stores Retail trade Revenue Service industries Shopping Social sciences Thought processes Trade |
| title | The Future of Retail: From Revenue Generator to R&D Engine |
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