10 Ideas In Retail Innovation Will Change The Way You Shop Lindsay Barnum Mitchell Monihan.
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Transcript of 10 Ideas In Retail Innovation Will Change The Way You Shop Lindsay Barnum Mitchell Monihan.
Strength: Motivates people to live a active lifestyle while allowing them to get new Nike apparel!
Weakness: If the auction price is to high
Opportunity: Offer discounts for other Nike products (50 miles = 10% discount)
Threat: The possibility of people cheating, using the app while driving a car.
Can you think of anything where fitness can be turned into a currency?
• Gym memberships?• Discounted apparel for running companies?
• When shopping, do you ever want a second opinion on a clothing item?
• Do you ever post a picture of a clothing item on Facebook or another social media sight to see what other people think of it?
C&A Clothing
Strength: Allows you to see other peoples opinions on clothing items in real time
Weakness: If the clothing item has a lot of “likes” you might not buy it because it won’t seem “unique”
Opportunity: You can use this concept on other items and not just clothes
Threat: People switching the hangers on different clothing items so you won’t be sure if people actually like that clothing item
What is QThru?
This app lets you:
① scan a bar code, ②input your security pin, ③swipe a scanner for a receipt, ④skip the lines
Strength: Adapting to the fast-paced lifestyle of our generation
Weakness: Implementing new machinery into the stores
Opportunity: The application can be used for more than just a purchase
Threat: Competing against self checkouts such as Fred Meyer or Safeway
Are you annoyed carrying around change so that you can tip your morning barista or waitress at lunch?
DipJar is the solution.
What is DipJar?
• Tipping mechanism that eliminates the need to carry cash
• An automatic tip is listed on the top ($1)• For the stores only requirement is to register
online and plug it in• CNN calls this invention “Genius”
Strength: Employees can continue to be tipped in this plastic age
Weakness: Working with a third party means they receive (~10c) a dollar
Opportunity: A simple idea that can be spread into many business models
Threat: Tips are received as a check, many workers rely on instant cash
Work Cited • http://www.forbes.com/fdc/welcome_mjx.shtml• https://d1bv8rh5xtz9w3.cloudfront.net/sites/default/files/blog-images/
Forbes-logo.jpg• http://www.cnn.com/2012/10/26/tech/apparently-this-matters-dipjar/• http://www.reuters.com/article/2013/03/11/us-retail-service-dipjar-idUSB
RE92A03320130311• http://www.geekwire.com/2012/qthru-raises-cash-transform-supermarke
t-experience/• http://thenextweb.com/insider/2012/12/04/qthru-is-gearing-up-to-expan
d-over-the-us-as-its-ios-and-android-apps-go-live/
• http://www.theverge.com/2012/5/6/3002270/fashion-like-facebook-brazil-cea-clothes
• http://3.bp.blogspot.com/-lFRzHgLsC0E/TbAfnthm5QI/AAAAAAAABFQ/ocbmy_xDUzo/s1600/C%2526A+logo+2011.png
• https://www.harrahs.com/images/Property/atl/thingsToDo/Shopping_HappyWoman_300x225.jpg
• http://usfitties.com/exercise/nike-mexico-facebook-runners-kilometers-currency/
• http://www.wigglestatic.com/product-media/5360074907/H-Nike-465415-061-Front.jpg?w=2000&h=2000&a=7
• http://www.toprunningsneon.com/images/toprunningsneon.com/New_Women_Nike_Free_Run_3_Coral.jpg
• http://4.bp.blogspot.com/-NjfdhJ7uhHA/T-uPw8-2SHI/AAAAAAAAAUk/zDEf1kLIhF4/s1600/running2.jpg