These 10 extremely diverse small to medium-sized businesses collectively illustrate a few important facts about the industry: consumer understanding is more critical than ever, brick-and-mortar retail is still vital, and organizational size no longer matters.
For more than 40 years, Costco has been known as the pioneer of the “treasure hunt.” I’d suggest today we’d modernize that term to call it “experiential retail.” The model surely has withstood the test of time.
Women account for 85 percent of all consumer purchases, but not even 30 percent of today’s retail industry leaders are women.
Hand in hand with retail’s struggle to retain female employees, is the industry’s challenge to respond to its evolving shopper demands.
Nearly 47.3 million homes have already made artificial intelligence (AI) units a part of the family. Researchers project that by 2022, over 50% of U.S. households will have one, and 5 billion AI assistants will be installed on smartphones worldwide.
The Path to Purchase Institute seeks a Director, Member Development, responsible for building and
strengthening our Retailer and Brand membership community, including recruiting new members and
driving membership engagement through, among other things, improved site usage, membership
upgrades, and event participation.