The Future of Physical Retail

19
NIKE THE FUTURE OF PHYSICAL RETAIL Valentina González · Miguel Vieira

Transcript of The Future of Physical Retail

Page 1: The Future of Physical Retail

NIKETHE FUTURE OF PHYSICAL RETAIL

Valentina González · Miguel Vieira

Page 2: The Future of Physical Retail

Valentina González · Miguel Vieira

ECONOMICALRETAIL VS. E-COMMERCE

Quarterly Sales

Q1 2013

Q1 2014

0 300000 600000 900000 1200000

71.188

61.911

1.147.388

1.120.085

Retail E-Commerce

% of change 2013 - 2014

% of change

0% 4% 8% 12% 16%

2,4%

15%

E-Commerce Retail

i*

i*

Advance monthly retail trade report July 2014, united States Census Bureau.

Advance monthly retail trade report July 2014, united States Census Bureau.

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Valentina González · Miguel VieiraIPS SYSTEMS

TECHNOLOGY

“It’s important to point out that, just like GPS, IPS doesn’t necessarily betray your location to third parties.”

Provide consumer security

http://www.extremetech.com/extreme/126843-think-gps-is-cool-ips-will-blow-your-mind/2

Passive technology

Non-invasive interactions

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Valentina González · Miguel Vieira

EMERGING SEGMENTSSOCIAL

“Nielsen expects the Hispanic population to grow by 167 percent by 2050.”

2003 201334%

22%

44%

31% 38%

31%

Spanish dominant

Bilingual

English dominant

Language Dominance

150 million

50 million

2050

2013

ii*

iii*

Nielsen NPower Hispanics 1829, English Dominant, Spanish Dominant,

Bilingual Hispanics 1829 May 2003, May 2013

Nielsen NPower Hispanics 1829, English Dominant, Spanish Dominant,

Bilingual Hispanics 1829 May 2003, May 2013

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Perceived influence of hispanic food in the USA.

Valentina González · Miguel Vieira

EMERGING SEGMENTSSOCIAL

82% 87%

Hispanic vote Non-hispanic voteiv*

http://conill.com/images/uploads/thinking/The_Hispanic_Influence_on_America.pdf

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Valentina González · Miguel Vieira

ARCHETYPE MILLENIALS

Diverse, expressive & optimistic.1

2

3

4

5

Driving a social movement back to the cities.

Struggling, but have an entrepreneurial instinct.

Deal shoppers and desire authenticity.

Connected and want the personal touch

ii*

EMERGING SOCIAL SHOPPERS

Nielsen. “Millennials: Breaking the Myths” Report. 2014.

Page 7: The Future of Physical Retail

Valentina González · Miguel VieiraARCHETYPE

HYPOTHESIS

Omni-channel communications and a sense of communal gathering within the sales space will redefine what we understand as the retail experience.

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Valentina González · Miguel VieiraTREND 1

INTIMACY

Zappos #nextootd

From the old general store to the next personalized retail space.

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Valentina González · Miguel VieiraTREND 2

THE 3RD SPACE

Collaborative feedback and design within the community.

https://redpen.io

Page 10: The Future of Physical Retail

Valentina González · Miguel VieiraTREND 2

THE 3RD SPACE

Collaborative feedback and design within the community.

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Valentina González · Miguel VieiraTREND 3

BEYOND “E”

Beyond E - commerceThe rise of the m-commerce should be the glue between E-C and B&M.The power of touch

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Valentina González · Miguel VieiraINSIGHT 1

BESPOKE INFLUENCERS

Getting to know each visitor provides a personalized experience that identifies with the influencers and tribe leaders.

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Valentina González · Miguel VieiraINSIGHT 2

COMMUNITY

Providing spaces where shopping is not the main reason to enter the space. Invitations to gather and engage with the brand without pushing sales.

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Valentina González · Miguel VieiraINSIGHT 3

OMNI-CHANNEL COMMUNICATION

The retail space is not defined by the physical barriers, communication should reach the consumer in three directions: mobile, physical and electronically.

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Valentina González · Miguel VieiraNIKE RETAIL

STATE OF THE ART

NIKE TOWN NIKE STORES

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Valentina González · Miguel Vieira2010 - 2014

STRATEGIC LAUNCHES

Secret tournament Ad.1

2

3

4

Nike Apps

Nike I.D

Wearables

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Valentina González · Miguel VieiraRECOMMENDATIONS

SHORT TERM

Omni-channel communication (cross-platform presence)

Bespoke experience, enhance the power of touch.

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Valentina González · Miguel VieiraRECOMMENDATIONS

LONG TERM

Physical space, community and social gathering with influencers.

From bespoke to self made

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Nielsen NPower Hispanics 1829, English Dominant, Spanish Dominant,

Bilingual Hispanics 1829 May 2003, May 2013

Nielsen. “Millennials: Breaking the Myths” Report. 2014.

i*ii*iii*

iv*v*

Advance monthly retail trade report July 2014, united States Census Bureau.

http://conill.com/images/uploads/thinking/The_Hispanic_Influence_on_America.pdf

http://www.extremetech.com/extreme/126843-think-gps-is-cool-ips-will-blow-your-mind/2

LONG TERMREFERENCES