Prabal Chaudhri

Prabal Chaudhri

Boston, Massachusetts, United States
8K followers 500+ connections

Activity

Join now to see all activity

Experience

Education

Publications

  • The Future Face of Retail - Strategy & Visualization

    Retail Industry has regularly seen game-changing moments such as emergence of stores (1860s), shopping malls (1910s), and big-box discount stores (1960s), that have ushered a new era of retailing and fundamentally changed the way consumers interact with product or brands. But no moment promises a bigger shift than what we are experiencing right now: the disruption based on digital technology (2010+). Why? Well, because the power has shifted to consumers with greater access to information and…

    Retail Industry has regularly seen game-changing moments such as emergence of stores (1860s), shopping malls (1910s), and big-box discount stores (1960s), that have ushered a new era of retailing and fundamentally changed the way consumers interact with product or brands. But no moment promises a bigger shift than what we are experiencing right now: the disruption based on digital technology (2010+). Why? Well, because the power has shifted to consumers with greater access to information and availability of multiple (and more convenient) non-physical channels.

    The effect has been amplified by the success of online retailers such as Amazon and their onslaught on brick & mortal retailers. Digital retailing threatens existing store economics, their measurement systems and modus-operandi. The traditional retailers are struggling to reinvent themselves as their response in the form of brick-click strategy is clearly not working.

    Is the end of physical stores near? No, in fact there are shining examples of some retailers who are not only surviving the attack but re-defining the future of stores by embracing new technologies and re-imagining the traditional role of the stores. Apple Stores just averaged $6,100 per square foot of annual-store sales whereas traditional retailers are in the range of $300 per square foot. How is Apple making the retail stores work? How will retail stores in the future look like? Will we have physical stores in the future world of retailing?

Recommendations received

More activity by Prabal

View Prabal’s full profile

  • See who you know in common
  • Get introduced
  • Contact Prabal directly
Join to view full profile

Other similar profiles

Explore collaborative articles

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

Explore More

Add new skills with these courses