Continuous-Innovation-The-Key-to-Retail-Success英文文献资料

Continuous-Innovation-The-Key-to-Retail-Success英文文献资料

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1、CONTINUOUSINNOVATION:THEKEYTORETAILSUCCESSCONTINUOUSINNOVATION:THEKEYTORETAILSUCCESSCopyright©2014TheNielsenCompany1CONTINUOUSINNOVATION:THEKEYTORETAILSUCCESSItisoftensaidthatretailneverstopsmoving.Retailhasalwaysservedaconsumerwhocravedmore,betterandcheap

2、er—andwaswillingtogowherevernecessarytogetit.Andwhileretailmaybarelyberecognizablesinceitsearliestdays,theneedtodifferentiatefromthecompetitionthroughinnovationisasgreatasiteverhasbeen.Nowonder.Theadventofe-commerceatatimewhenconsumersarefeelingsqueezedhas

3、createdaperfectstormforbricks-and-mortarretailers.Thisisahyper-competitivesharechase,inwhichthereareonlythreewaysforretailerstowin:drivingthenumberoftripsup,orgrowingthesizeofthebasket,orboth.Allthemoreurgent,then,thatretailersdevelopstrategiestorespondtot

4、hefactthatthegrowthofthenewe-commercechannelisboundtoshiftahigherpercentageoftripsonlineasthechannelmatures.Inasense,theurgencyofinnovationnowsimplyrepresentsanintensificationofaperennialchallenge.Innovationisalwayscrucialinaworldinwhichgroceryandmassretai

5、lersgenerallyofferthesameproductrangeastheircompetitors,andretailstoredensityinthedevelopedworldmakesswitchingeasy.Innovationcanprovideanedgeinanyoffivemajorcategoriesofretailshopperneed—convenience,choiceorassortment,shopabilityandprice-value,aswellasinwh

6、atretailerscandobeyondthestoretodrivebrandequity.Forabriefperiod,itcapturesconsumerinterestandattention,andsobringsinnewcustomersorimprovesloyaltyofexistingones.Butitisquicklyandeasilycopied.Therehasbeennosecretformulaandcertainlynothingthatcanbeprotectedb

7、ypatent.Consequently,foraretailertogroworstayahead,itmustinnovatecontinually.Thealternativeisaprice-basedracetothebottom.Inwhatfollows,wediscussthestateofinnovationinthesefivemajorareas.Weconcludewithaseparatesectionontheimportanceofdigital.Whilesomeofthee

8、xamplesofinnovationofferedherehavetodowithopportunitiesmadepossiblebythedigitalrevolution,digitalismorethansimplyanenablerofincrementalimprovement:itholdsthepromiseofchangingthelandscapeentirely,andretailersm

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