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Retail is dead – long live retail

No-one should still be surprised that the pandemic has been and continues to be a powerful accelerator of the digitalisation of the retail sector. Unfortunately, however, there are still too many retailers who are either resisting the trend or feel overwhelmed by the numerous demands it imposes. “Waiting isn’t an option”, says Frank Rehme, CEO of Kompetenzzentrum Handel. At the same time, he also points out that it is advisable to take a gradual and cautious approach to the digitalisation of one’s own business.

In many cases, though, the retail store needs to be rethought because, according to Rehme, “retail today performs completely new tasks in our society.” It is no longer a provider of necessities, but rather a leisure activity and life enhancer. Modern, attractive concepts are needed to lure customers back into the store. The examples of best practice that Rehme presents in the video may offer an inspiring start.

Insights

  • Gain a new understanding of retail
  • Clarify internal processes
  • Step-by-step approach to multichannel engagement

Frank Rehme

Frank Rehme is CEO of Kompetenzzentrum Handel and gmvteam GmbH. In addition, he has 30 years of experience as an entrepreneur and strategy consultant.