Hightech + hybrid retail formats
EHI Retail Innovation Tour USA 2018
23.08.2018
USA tour report by Jörg Münch
Inspiration and non-stop learning: These factors are what help me keep Münch+Münch abreast of the times. Meticulously organised by the EHI Retail Institute, the Retail Innovation Tour USA offered the perfect opportunity for gaining an insight into the future of retail in Silicon Valley— and discovering the exciting shop / food concepts and hybrid retail formats coming out of New York.
In Silicon Valley, we exchanged ideas and experiences with digitalisation giants such as Google and Salesforce, as well as start-ups yet to enter the European market. In a small group, we received an insight into the American market. The rapid changes in consumer behaviour became clear in our discussions with pioneers and drivers of digital change.
For me, this glimpse behind the scenes was crucial: An understanding of the technological possibilities is just as important as a realistic appraisal of changing user habits on this and the other side of the Atlantic.
Key themes in Silicon Valley include “Google Culture/The Future of Retail/Omnichannel Solutions for Retail”, as well as voice-activated apps for mobile and IoT, augmented reality and cloud computing, voice of the customer, the future of connections and design thinking.
Visits to Stanford University and the Apple HQ visitor centre were my personal pre-conference Highlights.
The latest trends and developments in shopfitting? Both in New York and Silicon Valley, we were given the chance to experience the latest brand flagships and trendy newcomers, identify successful concepts and see whole neighbourhoods rise and fall. This 24-hour city has an almost magical allure for me, and Manhattan remains one of my “must-see” locations. Last but not least, we also took part in live observations of our own stores.
This time I’m visiting New York with the small, ever-inspiring group from the EHI Retail Institute. The trip kicked off with a visit to Eataly at the World Trade Center. Shopfitting here means combining the Italian way of life with Italian food and its preparation, the smell of fresh bread and coffee and seemingly endless colour effects. Goods are presented in a way that encourages customers to linger longer. You can literally sense the quality and freshness of the products; the subtle messaging is gratefully taken on board by customers.
The link between digital services by Nike and bricks and mortar, digital offers, “trial spaces” and a personalisation studio made an impression on the group from Germany, as did the new Adidas brand flagship on 565 5th Avenue/46th Street.
A visit to the Amazon bookstore in the Time Warner Center was an absolute must: Whether online or offline, I’m hopelessly addicted to books. Both sales channels have their own distinct strengths.
In Manhattan a walk along the High Line and a short trip to Chelsea Market are a constant source of inspiration and a real treat for the senses. Just as inspirational was our night time trip to Times Square to assess the impact of the new Swarovski store outside opening hours and simply experience one of New York’s most famous landmarks.
Brimming with inspiring ideas from New York’s contemporary retail landscape and exciting insights on the future of commerce, I turned my back on Silicon Valley and the Big Apple—but I’ll definitely be back before long!