New FBIC Global Retail & Technology and JDA Software Joint Research Touts “16 Things to Watch in Retail in 2016”
FBIC and JDA to unveil new research at National Retail Federation's Big Show as part of co-marketing activities in 2016
January 18, 2016
NEW YORK (January 18, 2016) – A new collaboration between Fung Business Intelligence Centre-Global Retail & Technology and JDA Software debuted this week at the National Retail Federation’s Big Show in New York City. FBIC Executive Director-Head of Global Retail & Technology Deborah Weinswig will serve as the keynote speaker at the invitation-only JDA Executive Luncheon at NRF on Tuesday, January 19th, where she will unveil the details of the “16 Things to Watch in Retail in 2016” co-research report.
Among the trends she will discuss at the luncheon, being sponsored by Google and Cognizant, are: ‘smarter’ shopping malls in China; the growth of online fashion resale; the strengthening of the home improvement market and the challenge home e-tailers are posing to traditional channels; retailtainment; athleisure; and social media’s role in swaying shoppers’ buying decisions.
“We’ll discuss other trends, including how the continuing growth in e-commerce channels will propel more spending on retail technology this year,” said Weinswig. “In addition, we’ll highlight some technology topics including wearables, robotics and facial/voice recognition, all of which are becoming increasingly important to retailers.”
“These retail trends for 2016 fall in line with the continued omnichannel trend toward ‘me’ retailing where consumers want what they want, where they want when they want it,” said Wayne Usie, senior vice president Global Industries and Value Delivery, JDA. “As we discussed today as part of our upcoming annual CEO survey results, there is a continued trend toward self-service omnichannel shopping, from Buy Online, Pickup In Store (BOPIS) to Click & Collect, and retailers need to be prepared to optimize their fulfillment approach to address customers’ needs while remaining profitable.”
JDA will also speak at a future FBIC event where the company will present some of the most interesting findings of its annual CEO survey of more than 300 retail CEOs entitled, “CEO Viewpoint 2016: The Journey to Profitable Omnichannel Commerce.” The survey examines CEOs’ outlook on future growth and risks, as well as what they see as their biggest internal and external challenges in supporting consumers’ expectations for omnichannel shopping and fulfillment. This year, the survey took a special look at how omnichannel is transforming store operations.
The Fung Business Intelligence Centre (FBIC) collects and analyzes market data on sourcing, supply chains, distribution and retail. It also provides thought leadership on technology and other key issues shaping their future. Recent reports issued by the group include: “Tech-Enabled Holiday Shopping,” “Sizer App: The Online Fitting Technology Report,” “Global Department Store Retailing,” “The Disruptor Series: Retail in the New Connected World,” “China Retail: Department Stores Reinvented,” and “A Booming Opportunity: Profiting from a Graying America.” All of the group’s reports and analyses can be found at www.fbicgroup.com and www.deborahweinswig.com.
In addition to providing integrated retail and supply solutions to companies worldwide, JDA Software’s thought leadership includes white papers and webinars, which can be found at www.jda.com.
About JDA Software Group, Inc.
At JDA, we’re fearless leaders. We’re the leading provider of end-to-end, integrated retail, omnichannel and supply chain planning and execution solutions for more than 4,000 customers worldwide. Our unique solutions empower our clients to reduce costs, increase profitability and improve collaboration so they can deliver on their customer promises every time. Using JDA, you can plan to deliver. www.jda.com
About Fung Business Intelligence Centre Global Retail & Technology
The Fung Business Intelligence Centre (FBIC) Global Retail & Technology research team, based in New York, London and Hong Kong, is a think tank that follows emerging retail and tech trends, specializing in the ways retail and technology intersect, and building collaborative communities.
The team, led by Deborah Weinswig, former top Wall Street and retail tech analyst and startup advisor, publishes ongoing thematic and global market research on topics such as the Internet of Things, digital payments, omnichannel retail, luxury and fashion trends and disruptive technologies. More information can be found at www.fbicgroup.com.
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