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The $5-Trillion Question:
Transcript of The $5-Trillion Question:
Future of Retail
Retail is the
of the modern economy. Yet today’s
shopping is almost unrecognizable from the salesman-to-buyer model of the last
pace of innovation
only escalating - from driverless cars to personal robots, wearable tech, 3D printing and virtual reality - in 10 years,
will physical retail even exist
Among the external
-AI & Robotics
-Transportation & Infrastructure
-Health & Medicine
Values & Identity
U.S. retail sales will top
in 2015, outpacing GDP growth. 7% are now
14% each year.
8 years ago we were living in a pre-
world. This year, Mercedes unveiled it's
, and Chanel put
clothes down the runway.
be like in 10 years?
What are the
What value can
provide to consumers of the future?
What will the
of the Future look like?
What types of companies will
How can businesses
See you in
assembled a crack team from across the business to study this question. In collaboration with
, the Mall of the Future project examines how
will converge, and maps a model for real world retail that can
in 2025 and beyond.
Long Live the
customers visited Westfield's 40 shopping centers in 2014, generating
in retail sales. Westfield spans all aspects of the business, from design to construction, leasing, operations, marketing and
Michael Schrage, Research Fellow,
One of the world’s most
thought leaders on
, moderator Michael is a Research Fellow at the Center for Digital Business at MIT, a Visiting Fellow at London's Imperial College and a sought-after
Melanie Bender, Marketing,
Melanie creates moments of
. Working across branding, strategic programs and
, Melanie leads Marketing for current and future centers to reimagine the
. Melanie has previously worked with Sephora, Li & Fung and Fashion Week.
Trevor Pollard, Architecture & Design,
Trevor designs the
of the future. Leading Architecture and Design at Westfield, Trevor thinks across
, planning, and construction to design built environments that foster interaction and
for decades to come.
Tamara Samoylova, Market Strategy,
Tamara strives to be on the edge of
opportunities. Prior to leading Market Strategy at Westfield Labs, Tamara headed research at Deloitte Center for the Edge, advising
companies on harvesting opportunities at the edge of business and