Exploration and practice of new retail commercial consumption model

Mondo Finance Updated on 2024-02-27

Driven by the wave of digitalization, the new retail commercial consumption model is like a fresh spring, nourishing the fertile soil of modern commerce. With data as the core, this model reshapes the relationship between people, goods and places through the deep integration of online and offline, bringing consumers an unprecedented shopping experience. New retail is not only a business model change, but also a business revolution about efficiency, experience and value creation.

The core of new retail is to achieve seamless connection between online and offline through technical means. In the traditional retail model, online and offline are two relatively independent systems, and consumers' shopping experience is often separated. New retail breaks this boundary, through mobile payment, big data analysis, artificial intelligence and other technologies, to achieve real-time sharing of commodity information and accurate analysis of user behavior. In this mode, consumers can inspect the product and complete the purchase by scanning it to enjoy more convenient services.

The advantage of the new retail model lies in its efficient chain management and personalized consumer experience. At the end of the chain, through real-time data analysis, new retail can accurately improve market demand, optimize inventory management, and reduce oversupply or shortages. On the consumer side, New Retail uses big data to analyze users' shopping habits and provide personalized product recommendations and services, which greatly improves the convenience and satisfaction of shopping.

There are a variety of practical cases of new retail, among which Alibaba's "Hema Fresh" and Junfenghuang Agricultural Rake Specialty Chain Store are typical representatives. Hema Fresh integrates supermarkets, restaurants and ** platforms, so that consumers can not only buy fresh ingredients on site, but also dine at the in-store restaurant, or place orders through the mobile app and enjoy door-to-door delivery within 30 minutes. Junfenghuang agricultural rake specialty store mainly sells special agricultural products from all over the country, and there are hundreds of special agricultural products on the shelves. The products of the agricultural rake specialty store have been strictly screened to ensure high quality, so that consumers can buy and eat at ease. Consumers can go to the store to purchase goods, or they can go to the Junfenghuang app to place an order to buy, this model not only improves the shopping efficiency of consumers, but also brings higher customer unit price and customer stickiness to merchants.

The new retail model has had a profound impact on the traditional retail industry. New retail forces traditional retailers to rethink their business models and accelerate the pace of digital transformation. At the same time, new retail has also given rise to a number of emerging professions, such as data analysts, user experience designers, etc., which are particularly important in the context of new retail.

In the future, the development trend of new retail will pay more attention to the comprehensive upgrade of consumer experience. With the application of new technologies such as 5G and the Internet of Things, new retail will become more intelligent and automated. At the same time, with the increase in consumers' demand for personalization and convenience, new retail will continue to innovate service models to meet the diversified needs of consumers.

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