Video: U.S. Retail Overview, Summer 2020

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Video: U.S. Retail Overview, Summer 2020

By The World Retail Forum - 08/04/2020

Path to Purchase Digital Expo, Nov. 10-12

Dan Hodges, founder and CEO of Retail Store Tours and the World Retail Forum, will guide attendees as they explore the world of innovative store design in a 45-minute tour. For more information about P2PX and to register, visit ExperienceP2PX.com.

The World Retail Forum presents a video overview of the United States, looking at the three stages of COVID-19, which has impacted the opening of retail. The video examines differences between cities and states, and then the near-term future for retail in the United States. Here are the lessons learned to date for brands and for retailers.

The Global Best Practices During Covid-19

In an analysis of best practices, the World Retail Forum offers four strategies for retail success in the age of Covid-19: 

Connect: Discover and share global best practices. Find out what works for your business by connecting with global companies that represent best practices.

Act: Identify gaps and immediately fix your business so you are prepared for the second wave which is already in progress.

Maximize Consumer Engagement: Master the eight business factors that drive success are key. There is a direct financing correlation with the high WRF Consumer Engagement Factors ranking and financial performance. The factors are safety, the human connection, employee training, store design, use of technology, brand story, a unique value proposition and the ability to change.

Make Retail An Experience: We see the future of retail as experience retail. Shopping Center will become experience centers and retail experiences will in both in-store and in-home. A view of the future of retail is provided with interviews of the CEOs of American Dream and b8ta.  https://worldretailforum.com/best-practices-in-north-america-for-covid-19/

"On The Frontline" (see below) is a live event produced by the World Retail Forum and hosted by Daniel Hodges, Futurist, Entrepreneur, Author and CEO of the World Retail Forum and Retail Store Tours.
 
The World Retail Forum is dedicated to sharing knowledge and COVID-19 best practices on a real-time daily and weekly basis. It believes that by learning together we will recover stronger. "On The Frontline" is the longest running program dedicated to helping retailers succeed in the age of COVID-19. The World Retail Forum identified COVID-19 as a global threat to the retail industry as the pandemic showed its impact in January 2020.
 
"On The Frontline" is created weekly in collaboration with one thousand global retail outlets, shopping centers, brands, investors, and architects from over fifty countries. The program provides insights and real-time perspectives from the people who are creating the post COVID-19 retail future. We select the weekly topics based on feedback from retailers and marketplace conditions. It is the only program that utilizes and shares global best practices in real time.

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