Retail Gets Real

With conflicts around health and safety likely to escalate as we head into the holiday season, the NRF Foundation recently released training credentials in retail operations and customer conflict prevention to arm frontline employees with the skills they need to better manage health and safety, for both themselves and customers, and resolve customer conflicts. The Customer Conflict Prevention Training in partnership with the Crisis Prevention Institute will train customer-facing retail employees on how to identify signs of conflict, minimize risk, and effectively de-escalate if needed. Susan Driscoll is the president of the Crisis Prevention Institute, where she oversees design, instruction, and training, among many other operations at CPI. Today, she joins us on the Retail Gets Real podcast to discuss how the foundation's new training credentials will give retail workers the tools to promote safety and the confidence to operate efficiently during the pandemic.

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The pandemic's effects on the economy have led retailers to reassess and reexamine opportunities for partnerships so that they will be better equipped to thrive through the uncertainties ahead in the market. Though some might be vulnerable, merging with sectors that have flourished in the past few months could lead to new opportunities that fortify customer relationships and expand cash flow. John Potter, a partner in the US Deals Sector at PwC, discusses mergers and acquisitions, how the effects of the pandemic have shifted business strategies, and opportunities for investments in retail.

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The National Retail Federation's Top 100 Retailers list has been ranking the nation's biggest retail players by sales since 2010. Retailers like Walmart, Kroger, and Amazon have dominated the Top 100 list year over year, and they saw accelerated growth during the pandemic. In 2006, NRF began releasing the Hot 100 Retailers list, which ranks the nation's fastest-growing retail companies. Among those topping this year's list are supermarket Lidl and discount merchant Five Below. Today, we're going to take a deep dive and explore the retailers who made this year's list and what their investments can tell us about the future of retail with Rachel Dalton, the Director of e-Commerce and Omnichannel Insights at Kantar, the research firm that compiles NRF's top retailer lists.

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Coronavirus might have halted many aspects of our lives this year, but consumers are still looking forward to celebrating Halloween... although things will look a little different this year. Research from NRF shows more than 148 million US adults plan to participate in Halloween-related activities like trick or treating and wearing costumes. To learn more about how people are planning to celebrate responsibly, we sat down with Kevin Johnson, Chairman of the Halloween & Costume Association, and Christopher Gindlesperger, Senior Vice President of Public Affairs and Communications at the National Confectioners Association.

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Shopify is a global e-commerce platform that serves over a million merchants in over 175 countries by streamlining the process of running a store online. In the wake of this year's rise in online shopping, many merchants, particularly small businesses, turned to the platform to reach their customers and earn a profit. Today, Ian Black, Head of Retail at Shopify is here to share how the platform is helping retailers of all sizes meet their needs and weather the pandemic.

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COVID-19 has accelerated retail and shaped behavior for all consumers, from gen-Z to baby boomers. In just a few short months, we've seen soaring demand for essential products like toilet paper and we've stocked up on merchandise like toys and cooking supplies that brought us comfort and entertainment while in quarantine. We opted for contactless payments, increased shopping via mobile apps, and celebrated holidays like Easter and Mother's Day from a social distance.

We also saw retailers expand digital offerings to help us get the items we need right now through methods like curbside pickup and buy online, pick up in store. As retailers continue to create omnichannel experiences that transform the way we buy, how are consumers changing? And what trends are here to stay? Susan Reda, Vice President of Content Strategy, and Jill Dvorák, VP of Content and Retail Strategy at NRF, join us to examine the retailer and consumer journey since the onset of the coronavirus and what these noteworthy trends could mean for the future of retail.

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The early weeks of the pandemic led consumers to experience unprecedented supply shortages and retailers to experience delays in essential inventory that was in high demand. With the holidays just around the corner, how will the ongoing pandemic affect what has traditionally been retailer's busiest time of the year? And what are retailers doing to diversify sourcing options to reduce supply chain disruptions?

In a previous episode with experts from PwC, we discuss how retailers can leverage demand sensing to predict consumer trends that will determine sales. This week, we're going to take a step further to look at how retailers are making decisions about what kinds of items to have in stock and other areas for investment. Jon Gold, the Vice President of Supply Chain and Customs Policy at the National Retail Federation, discusses how supply chain and customs issues are impacting the industry and how retailers are responding.

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In January at retail's Big Show, we spoke with the Enjoy Technology, Inc. CEO, Ron Johnson, about his journey establishing the mobile retail startup that reproduces the in-store experience in the comfort of customer's homes. When the pandemic hit, personal shopping experiences were impacted as retailers prioritized social distancing, and the health and safety of employees and consumers. Today, Ron discusses how the Enjoy experience has changed since the start of the pandemic, as well as how retailers can continue to deliver personal and memorable experiences at a time when it matters most.

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The approaching holiday season will look very different for many retailers this year as the coronavirus upends and accelerates the retail industry. At a time when so many things are uncertain, understanding the rapidly changing needs of consumers is paramount in helping supply chain leaders better forecast demand and effectively manage inventory. That’s why retailers should be leveraging demand sensing, which uses supply chain information in real time to more accurately predict trends that will improve sales, make production more effective, and optimize inventory. Two experts from PwC, Kurt Staelens and Paul Leinwand, share how retailers are using demand sensing to reveal patterns that better predict behavior and what retailers can be doing right now to prepare for the busy holiday season ahead.

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While looking to entertain themselves in quarantine, many consumers have taken up new hobbies. A go-to place for creative hobbies is Michaels Stores, an arts and crafts retailer specializing in all types of supplies for creative endeavors. At the onset of the pandemic, Michael's responded by launching new programs like curbside pickup and same-day delivery, as well as expanding how-to content on their website as customers were scrambling to entertain kids (and themselves). Steve Woodward, Senior Director of Digital Experience at Michaels, joins us to share how the retailer is innovating to accommodate the consumer since the onset of the coronavirus.

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