Topic Description APU NEW I ALL Week 1: The Retail Innovation Environment As you
ID: 326764 • Letter: T
Question
Topic Description APU NEW I ALL Week 1: The Retail Innovation Environment As you read this week's articles, consider and address the following: How has retail innovation altered the shopping experience over the past 20 years? How do retailers of today differ from retailers of yesteryear? With a view on retail pricing, how has innovation altered retailer's strategies? Rubric Instructions: Your initial post should be at least 250 words. Please respond to at least 2 other students. Responses should be a minimum of 100 words each. Initial Post Due: Sunday, 11:55 p.m., ET Responses Due: Sunday, 11:55 p.m., ET *Only during the first week of class are assignments not due until 11:55 p.m., ET, Sunday. After Week 1, all initial posts will be due Thursday, by 11:55 p.m. ET.Explanation / Answer
Has the world is moving towards digital Technologies and the Marketplace is changing the retail markets are also going global, this increment in technology has definitely increase the overall level of business in Retail Industry. Increment in the Overseas logistics as well as improve Logistic services in the domestic locations.
Internet has been a major player in changing retail experience over the past 20 years. As people have shifted from physical purchasing locations to online Retail Industry. This online Retail Industry has created an impact on retail as well as other form of businesses which directly change the whole business scenario in the Retail Industry.
Innovations regarding different strategies including storage and delivery systems have changed the pricing by a huge margin as the impacted the overall cost involved in marketing and providing services to the customers. Retail Industry has been very widely affected by supermarket which is involving extremely advanced Technologies for the Retail Industry and spanning across the globe.
Diversification in the different products provided by different companies as well as availability of different materials has also increase the overall differentiation in the prices in Retail Industry. Companies are deciding there pricing according to the market in search of the specific region which is increasing their overall availability of different factors by keeping in mind about customer payment capacity or determination of the most important product which is being sold in the specific environment.