Time: 6:30 PM - 8:30 PM
Location: Memorial Hall McNamara Alumni Center
Cost: Online registration is now closed, but limited walk-in registration will be available on a first come, first served basis.
Retail Connect 2013 will feature global trendmaster Robyn Waters and opportunities for table talk between students and retail professionals regarding global trends and implications for the retail industry.
Shakespeare opined, “All the world’s a stage.” Today, he’d be just as correct saying, “All the world’s a store.” Thanks to technology, every minute of every day is a shopping moment. When you can buy just about anything you want, from anywhere, anytime, the verb “to shop” takes on a whole new meaning.
The retail industry isn’t merely experiencing the after effects of a lingering recession. Those waiting for a bounce-back are deluding themselves. We are in the midst of a retail revolution, characterized by a generational shift…from a generation that values Ownership to a generation that values Access. In order to piece together a New Retailing Paradigm, it’s important to understand the values hierarchy emerging as a result of that shift. Today’s consumers are resetting their priorities and exercising Restraint, demanding Simplicity, maximizing Connectivity, and craving the Experiential.
As a result, retailing is in the midst of a great restructuring. The old paradigms, i.e. accepted ways of thinking and operating, no longer accurately reflect current reality. Increasingly, it will not be the consumer who travels to the store, but the products that will travel to the consumer in a completely seamless and relevant way. This shift is leading us into an era marked by massive experimentation, where everything is in play and every business model can be assaulted. Aspects of the New Retail Paradigm will emerge where retailers’ experiments successfully connect with the new consumer hierarchy of values, giving the customer valid reasons and new ways to shop.
6 PM Registration / guest arrival and seating begins
6:30 Program begins
8:00-8:30 Closing Reception
About Robyn Waters
Robyn Waters has over thirty years experience tracking and translating trends into sales and profit. As Target’s former Vice President of Trend, Design, and Product Development, she helped a small regional discount chain become a national fashion destination. Seth Godin calls her “the woman who revolutionized what Target sells, and helped the company trounce Kmart.”
Presented by the University of Minnesota College of Design Retail Merchandising Program and Retail Merchandising Advisory Board with support from Target and Kohl’s.
More information: design.umn.edu
To request disability accommodations, please contact Amanda Underwood.