Retail Trends to Watch in 2016

With the beginning of a new year right around the corner, there’s no better time than now for retailers to plan their strategy for 2016. Retail is a dynamic, ever-changing industry in which new trends emerge on a regular basis. So, what kind of retail trends can you expect to see in 2016?

iBeacon

Many retailers already use Apple’s iBeacon technology, but it will likely become even more commonplace in 2016 and going forward. In case this is your first time hearing about it, let me explain: iBeacon consists of Bluetooth low-energy (BLE) devices that are capable of sending digital messages to nearby shoppers. If a shopper approaches the footwear section of a department store, for instance, iBeacon can automatically send a 10-20% off shoes coupon to his or her smartphone.

More Mobile Sales

Of course, mobile online sales is also expected to increase next year. Last year, U.S. consumers spent roughly $56.67 billion in mobile purchases. Experts predict this number will rise to $74.93 billion by the end of the year. And in 2016, U.S. consumers are predicted to spend $96.22 billion in mobile purchases. Retailers should embrace this trend by ensuring their online stores are compatible on both desktops and mobile devices; otherwise, they’ll be losing a significant chunk of sales.

Multi-Sensory Shopping Experience

Retailers are now implementing techniques to stimulate shoppers’ senses. Aside from visual stimulation, they may also include soothing, relaxing music to make shoppers feel more comfortable, as well as certain scents. Auto dealers have long used scents to increase sales, spraying special chemicals inside cars that create the characteristic new car smell. It appears now that retailers are following in their footsteps, using a similar strategy in which scented fragrances are released into the air.

Personalized Service

Last but not least, you can expect to see more personalized service in retail stores and shops. In other words, retailers are differentiating themselves by providing an exceptional level of customer service that’s tailored towards the shopper. This may include recognizing and acknowledging regular shoppers by name, as well as offering recommendations on apparel or products based on the shopper’s style. Offering personalized service such as this promotes a positive shopping experience.

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