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Introduction
Introduction



    Technological advances over the last decade have made the world of retail a
    truly multi and cross channel market place.

    In the past there were only a limited number of channels for consumers to buy
    from and most of these channels were used in isolation. Now consumers are
    overwhelmed by a plethora of channels from which to make a purchase. While
    stores continue to be the favoured channel, non physical channels, especially the
    internet, are growing their share of retail spend. The multitude of new channels
                                                                                           New channels and technology   With more people shopping           The rise of smart phone usage
    has played directly into consumers’ hands giving them the opportunity to shop
                                                                                           developments have changed     online and through other            further advances the number of
    how, when and where they want.                                                         the way consumers shop over   channels, retailers are having to   ways consumers can interact with
                                                                                           the last decade               adapt their location and store      retailers, helping to integrate
    Nowadays consumers are relatively channel blind: the boundary between                                                strategies to respond to the        multiple channels into one
                                                                                                                         needs of multichannel               seamless shopping experience
    different shopping barriers is gradually blurring as consumers begin to use                                          shoppers
    multiple channels interchangeably.

    This report addresses the impact that multichannel and in particular the mobile
    phone will have on retail over the next few years. It will look at what influence m-
    commerce and multichannel will have on a number of areas including:

           The consumer – in terms of changing purchasing habits and providing
           new shopping experiences

           The store – in terms of what role stores will have in a multichannel retail
           environment

           The high street – in terms of retailers’ changing location strategies and
           the future configuration of high streets

           The sector – in terms of m-commerce’s overall impact on retail in general
5

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The impact of mobile on multichannel retail. An intro

  • 2. Introduction Technological advances over the last decade have made the world of retail a truly multi and cross channel market place. In the past there were only a limited number of channels for consumers to buy from and most of these channels were used in isolation. Now consumers are overwhelmed by a plethora of channels from which to make a purchase. While stores continue to be the favoured channel, non physical channels, especially the internet, are growing their share of retail spend. The multitude of new channels New channels and technology With more people shopping The rise of smart phone usage has played directly into consumers’ hands giving them the opportunity to shop developments have changed online and through other further advances the number of how, when and where they want. the way consumers shop over channels, retailers are having to ways consumers can interact with the last decade adapt their location and store retailers, helping to integrate Nowadays consumers are relatively channel blind: the boundary between strategies to respond to the multiple channels into one needs of multichannel seamless shopping experience different shopping barriers is gradually blurring as consumers begin to use shoppers multiple channels interchangeably. This report addresses the impact that multichannel and in particular the mobile phone will have on retail over the next few years. It will look at what influence m- commerce and multichannel will have on a number of areas including: The consumer – in terms of changing purchasing habits and providing new shopping experiences The store – in terms of what role stores will have in a multichannel retail environment The high street – in terms of retailers’ changing location strategies and the future configuration of high streets The sector – in terms of m-commerce’s overall impact on retail in general 5