The buzzword “New Retail” has swept through China for over one year. What challenges does it bring to the traditional retail industry and how can international brands cope with the new retail concept? Today, we have invited Stephane Monsallier, founder of shops for the future. He shared with us his views on the very exciting concept that was born in China and is now rapidly spreading to the rest of the world.
Shops of the Future helps international brands navigate the new innovation in the retail space in china.
1:27 Introduction 3:13 How things have changed in China 4:30 Changes in retail industry and how mobile payments are disrupting the industry in China 7:08 International brands coming to learn in China 8:56 Relevancy for all brands or brands that have presence in China 10:00 China is not an easy market 11:50 Hema experience in China 13:17 New retail wave of startups 15:39 Not too much about technology, but mindset change is key 17:00 Embrace the wave of new retail 19:10 The China speed 21:31 Importance of business thinking 22:45 Traditional Chinese retailers 24:49 Convenience stores 26:41 New retail changes consumer habits 28:28 How to reach out to Stephane Monsallier
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Many thanks to our host Oscar Ramos, guest Stephane Monsallier, editor David and Geep, organizer Chinaccelerator and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com