This year's theme at World Retail Congress was "high velocity retail." Retail has been speeding up for a long time, and now the barriers to entry are much lower for all. The Remodista Team spent a few days in Amsterdam, focused on retailer leaders who are winning around the world.
One of the opening discussions featured Judith McKenna, President and CEO of Walmart International who has overseen massive change since moving into this leadership role. Judith discussed their global expansion looking at India and China. There are clearly many reasons to be excited about the innovation they are bringing to the market through partnerships, such as Flipkart's payment app "PhoneFe".
Another one of our favorite talks was The African Retail Phoenix panel with Suzie Wokabi of Suziebeauty, Jessica Anuna of Klasha, and Melanie Hawken who spoke on the growth potential in Africa. Online retail will reach 74$ Billion by 2025, and the median age is 19-25. Bringing large companies to support women-owned companies, will bring a prosperous future to Africa's global development.
Earlier this month, Remodista had a fabulous time at the Retail Innovation Conference (RIC), where we kicked off the event with a Retail Store Tour in Hudson Yards and looked at interesting business models and innovation in the front of the store and show rooms.
We also visited Brooks Brothers, B8TA, BATCHED, The Drug Store, Verizon, Lululemon, 3Den, Micro, and Neiman Marcus who take up the top 3 retail floors. The architecture piece to the right is called the Vessel, a crown jewel that people can walk up and down.