In case you missed it, we are in a digital revolution and no industry is exempt. Banks, newspapers, travel and retail have to adapt to technology-focused business models with the key driver being changing consumer behavior. Big names that are slow to adapt are being lost.
No category is safe. Amazon's move in to food retailing with the acquisition of Whole Foods will concern the big players such as Walmart and Tesco. Retailers are responding, with Walmart's purchase of Jet.com, and Morrison's tie up with Amazon. The food revolution is coming, and those that do not leverage technology and data to compete with Amazon's consumer-focused and targeted approach will fail.
Merchants that leverage technology to manage and process the vast quantities of data and unlock the power this holds will stay ahead of the competition. In the changing retail landscape, those that apply science to the art of category management will thrive, and survive the retail revolution.