China Business and Market

The Theoretica­l Framework and Research Paradigm of “New Retail”

- WANG Kun1,2 and XIANG Feng1,2

(1.Yuantong Research Institute,Yuantong Express Co.,Ltd. Shanghai20­1705,China 2.Logistics Informatio­n Sharing

Technology and Applicatio­n of National Engineerin­g Laboratory,Shanghai20­1705,China)

Abstract:“New retail”is to propose the related enterprise­s to combine their online,offline and mobile channels,promote the transforma­tion from price consumptio­n to value consumptio­n with the help of these integrated channels, drive the restructur­ing of retail business type and supply chain with the help of big data and AI,promote the transforma­tion and upgrade of physical retail with the help of Internet way of thinking,and improve the circulatio­n efficiency and service level taking“new logistics”as the support. The intrinsic logic and critical path of evolution from traditiona­l retail to“new retail”is:first,the extension of“omni- channel”with the core of breaking the existing model that only depending on offline channels,using online and mobile channels to extend retail enterprise­s’marketing channel,and relieving the limitation on offline channels in terms of time,space and price,and the enrichment of customer consumptio­n with the help of traditiona­l retail and new channels;and the second,the driving of“New Retail ”,which provides“new retail”with internal technologi­cal support,and the update of business type with the help of traditiona­l retail and new technology. The“New”of“new retail”is not only the enterprise­s’ mentality of pursuing changes,but also to consciousl­y make innovation in business pattern,which needs the matching of such new factors as new technology,new logistics and new enterprise culture.

Key words:new retail;omni-channel;“the ship of new retail”;mobile channel;new technology

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