‘Inspiration’ seminars on retail’s future

A  series of breakfast seminars on ‘The Future Summit – Inspiration for Industry’ is being organised by the Australian Shop & Office Fitting Industry Association.

Speaker is  Morris Miselowski, business futurist and  consultant.  who works with Australia’s leading companies and governments. The summit will tour Australia in late June.

Miselowski believes that the death of retail has been exaggerated. The proposed statistics on online retailing is that even with the most optimistic stats, physical bricks and mortar sales are still going to account for over 80 percent of all sales within five years.

Current stats show that between 80 to  90 percent of all retail sales are conducted in a bricks and mortar store,  and will remain vital to the future growth and strengthening of the retail industry.

Miselowski emphasised that we are living through an evolutionary phase, in which new elements of customer engagement, purchasing and retailing are emerging.

He says, “The emerging elements will change the way the industry has traditionally done things. The non-traditional, as we see today, will become the mainstream.

“To succeed in the future, companies need to be open to the idea of this innovation within the industry and start preparing for this shift during this economically challenging time,” says Miselowski.

Read more from: Industry/Business News
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