The days of traditional brick-and-mortar are in serious transition. As the Internet commoditizes many store-bought products, new ways of thinking are required. Current technology represents retailers' best chance to jump the board. Technology always favors the early adopters.
Here are seven emerging techno-plays that are potential game-changers for physical retailers. Make the move now to be in a position to reap the rewards.
1. Build Smart
7-Eleven is being honored for its commitment to reducing energy.
The Alliance to Save Energy has awarded 7-Eleven with the Alliance to Save Energy "Built Environment" award for its commitment to reducing energy consumption and improving efficiency in its stores.
7-Eleven has successfully decreased electricity use in store operations by an estimated 21% over the past seven years through installing LED lighting, energy management systems and high-efficiency HVAC units.
The nation's largest home improvement retailer has found a new use for its store roofs.
The Home Depot is partnering with GE's Current unit and Tesla on a rooftop solar project in 50 stores across five states (California, Connecticut, Maryland, New Jersey, New York, and the District of Colombia.) The initiative will reduce electricity grid demand by an estimated 30% to 35% annually at each location. Under a power purchase agreement, Home Depot will lease its roof space and buy the output from the systems.