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Small Biz Focus: The Changing Face of Retail

by ARLnow.com Sponsor April 4, 2018 at 11:45 am 0

This column is written by Tara Palacios and sponsored by BizLaunch, a division of Arlington Economic Development.

Retail in 2018 feels different.

There are many contributing factors which directly impact how we buy goods and services today. Technology has played a tremendous role in changing the landscape of how, where and when we make purchases.

The malls of the 1980s have been replaced with more outdoor, walkable options and online retail gives us the flexibility of being able to make purchases without leaving our homes.

Innovative and interactive storefronts are a definite trend for retail in 2018 which also includes state of the art mobile trucks, pop-up shops and unique fitness and health opportunities. Augmented reality and robots will also play a role in defining the future of retail.

If you own a retail shop — what are you doing to remain competitive?

If you shop for goods and services how will these trends affect the way you buy? Today many people are concerned about privacy, and may not be interested in sharing their data with retailers; however, online shopping is a fast-growing retail market. Opportunities still abound for brick and mortar retail stores.

We will be tackling the issue of the Changing Face of Retail with our partners from the Arlington Community Federal Credit Union and the Arlington Chamber of Commerce on Wednesday, April 18 at our free Brunch and Business event from 11 a.m.-1 p.m.

Experts will be addressing the future of retail and its many changes in 2018. Confirmed speakers include representatives from Ballston Quarter, Arlington Economic Development, Kinder Haus Toys and Bash Boxing. We hope you can join us to delve into this timely topic!

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