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Retail Revolution – Disrupt or Be Disrupted (XSPECS)

Retail Traffic Is Down
• Retail traffic has continued to struggle, although it has been
showing slight improvement
• According to RetailNext, retail store traffic in July declined by
just 5.5%, its smallest drop since January 2016
• The conversion rate, which represents how many shoppers
became buyers, rose by 0.5% in both June and July, the highest
rate increase in almost a year

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New York Fashion Tech Lab (NYFTL) Tech Runway Demo Day 2017

Fung Global Retail & Technology attended the New York Fashion Tech Lab’s (NYFTL’s) Tech Runway Demo Day 2017 in New York City on June 14. The event featured NYFTL’s fourth accelerator class of startups, which consisted of nine women-led companies. The startups’ various areas of focus include creating new ways for customers to shop, new ways for retailers to track engagement and new ways for retailers to communicate and engage with customers.

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Deep Dive: Intime Retail- The Roadmap to New Retail with Alibaba

We attended Intime Retail Group’s analyst briefing where the Chairman (who is also Alibaba’s CEO), CEO and CFO all spoke about the implementation of the New Retail, which refers to the integration of online and offline retail, and logistics across a single value chain. They all held the view that both online and physical retailers will need to change their operating models,as the mobile internet has drastically changed the way consumers shop.

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US Retail Revolution

Global Retail Trends
1. Democratization of Luxury
2. Amazon’s Impact on Apparel
3. Home and Big-Ticket Purchases Increasing
4. Beauty Spending Driven by the Selfie Culture
5. Brands Developing an Emotional Connection & More….

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Top Technology Trends

Technology Trends:
1. In-store Gamification
2. Virtual Experiences
3. Innovative Displays
4. AI and Machine Learning
5. Beauty Technology & More…

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Breakfast with the Disruptors – Supply Chain Startup Pitches

JCPenny said the appliance category was strong and it has had a good start with
record mobile traffic and sales, and no website interruptions.
Kohl’s set record for online sales on Thanksgiving. The retailer made many Black Friday deals
available online before the store opened.
Walmart kicked off its Cyber Monday deals at 12:01am EST on Friday for the
first time ever, as it aims to grab customers ahead of its competitors.

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