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George Blankenship on the Newest Evolution of Retail

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George Blankenship, former executive at Apple and Tesla.

Dec 03, 18 | Retail & Wholesale Distribution, Asset Based Lending

Keywords:

Over the past several years, one of the biggest buzzwords in retail has been “omnichannel,” but it has typically only been used to describe retailers beefing up their resources to conduct more business online. Walmart, the largest retailer in the country, has made significant investments—organically and through acquisitions—to try to compete with the number two retailer, Amazon, for consumers’ online shopping dollar.

But with all of the innovation in e-commerce, online sales still remain a tiny percentage of all retail sales. Brick-and-mortar is definitely not dead, as demonstrated by Amazon’s acquisition of Whole Foods last year and the opening of Amazon Go stores.

Recently, traditional retailers have begun to reimagine their physical presence, while pure-play online retailers have been showing up in shopping centers.

In these videos, George Blankenship, a former executive at Apple and Tesla, shares his thoughts on the evolution of brick-and-mortar stores; what it will take for retailers to evolve their strategies to compete; and explains why he believes Amazon Go will completely disrupt the convenience store concept.

This is part 1 of a 3-part series on

George Blankenship on the Newest Evolution of Retail

PART 2

The Retail Evolution Continues

Sabrina Singh November 29, 2018 | Retail & Wholesale Distribution, Asset Based Lending

With the tailwinds of an expanding economy, rising wage growth and increased consumption, what’s on retailers’ minds as the 2018 holida...

PART 3

Amid the Online Grocery Rush, Brick-and-Mortar Still Matters Most

Mike Fordney November 29, 2018 | Retail & Wholesale Distribution, Food & Beverage

The e-commerce build-out of the grocery sector is highly competitive. The three biggest players in today’s markets are Amazon, Walmart and In...

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Select the business and financial topics of interest to you and sign up to stay current on the latest news

The Retail Evolution Continues

Sabrina Singh November 29, 2018 | Retail & Wholesale Distribution, Asset Based Lending

With the tailwinds of an expanding economy, rising wage growth and increased consumption, what’s on retailers’ minds as the 2018 holida...

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