Market Overview

Expected Future Predictions for the Retail Industry| Quantzig


Quantzig, a global analytics solutions provider, has announced the
completion of their latest article on the evolution
of the retail industry

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Back to the Future - 5 Predictions on How the Retail Industry Will Evolve (Graphic: Business Wire)

Back to the Future - 5 Predictions on How the Retail Industry Will Evolve (Graphic: Business Wire)

By creating exclusive customer experiences, the latest retail trends and
new technological developments have redefined the meaning of ‘shopping'.
In the current scenario, shopping is no longer a monotonous task for
consumers with retailers leaving no stone unturned to improve their
shopping experience. Also, the retail industry's stable migration to
online e-commerce platforms has made it important for brick and mortar
retailers to give their customers a reason to come back to the store.

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to know more about the future predictions of the
retail industry.

The retailers who flourish in the upcoming years will be those that
re-imagine and adjust their stores according to the digital age.
Depending on the retail trends and advances in retail technology,
industry experts at Quantzig have listed some of the expected future
predictions for the retail industry:

According to the analytics experts at Quantzig,
"Many retail companies have increasingly turned to modern
technologies to help them revolutionize the future of retail."

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Evolution of the retail industry

  • End of long-checkout queues: Saying goodbye to long checkout
    lines will be one of the most well-known retail trends that will go
    mainstream in the next few years. The future of retail will look more
    hopeful than ever before by helping consumers dodge queues and
    offering customers with a hassle-free shopping experience. Retail
    industry players are also looking at the viability of payments made
    through virtual shopping carts rather than an old-fashioned checkout
    line. Once this is made available to retail stores and becomes fully
    functional, long queues in checkout counters will soon become history.
  • Embracing the millennial mentality: The future of the retail
    industry will significantly revolve around the preferences and tastes
    of Millennials. Millennials usually tend to be more loyal to brands
    that stand for the right values, like authenticity, transparency, and
    social responsibility. Transparency is one of the retail trends that
    will soon become a fixed factor in the retail industry. Modern
    consumers are curious to know everything about the products that they
    purchase, and brands that are honest, down-to-earth, and genuine in
    their communication will stay in the game.

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to know more about the expected future predictions
of the retail industry.

  • Stores that recognize customers: The brick and mortar retailers
    are mostly inspired by online retailers to know their customers
    better. This means that we can soon expect physical stores to find
    customers in the aisles via facial recognition or biometrics and save
    their browsing and purchase history immediately. This could also mean
    great news for the customers as the store might propose pop-up
    discounts on their beloved products or free samples. Customers can
    also get the benefits of online shopping, like easy free shipping,
    one-click purchasing, and endless information like price comparisons
    and product history from touch screens or voice command.
  • Visit our
    , to view a comprehensive list of the factors affecting
    the future of the retail industry.

is a pure-play analytics advisory firm concentrated on leveraging
analytics for prudent decision making and offering solutions to clients
across several industrial sectors.

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to see how Quantzig's solutions can help you.

View the complete list of the expected future predictions of the
retail industry:

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US,
UK, Canada, China, and India. For more than 15 years, we have assisted
our clients across the globe with end-to-end data modeling capabilities
to leverage analytics for prudent decision making. Today, our firm
consists of 120+ clients, including 45 Fortune 500 companies. For more
information on all of Quantzig's services and the solutions they have
provided to Fortune 500 clients across all industries, please contact us.

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