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The New Rules of Retail
Book

The New Rules of Retail

Competing in the World's Toughest Marketplace

St. Martin’s Press, 2010 more...


Editorial Rating

8

Qualities

  • Innovative

Recommendation

Retailing has changed dramatically: Producers and marketers no longer control what, how and if customers buy. Modern-day consumers now tell you what they want to buy, how they want to buy it and whether they’ll let you sell it to them. Retail industry consultants Robin Lewis and Michael Dart combine experience and original research in their pragmatic, useful analysis of how the industry has evolved since the rise of the Internet. They offer a clear, logically progressive discussion, with instructive observations about stores, brands and the three “new rules of retail.” Although their explanation is long on theory and examples, it’s short on specific how-tos. Nonetheless, getAbstract recommends this eye-opening book – and eye-catching, too, with its great charts and diagrams – to manufacturers, marketers and retailers. Consumers, too, will relish its fascinating insights into their psyches.

Take-Aways

  • The nature and the rules of the retailing industry are changing.
  • The producer-driven economy of “Wave I (1850-1950)” gave way to the “marketing-driven economy” of “Wave II (1950-2000).”
  • The consumer-driven economy of “Wave III” – evolving worldwide since 2000 – makes consumers the “most powerful players in commerce.”

About the Authors

Robin Lewis, CEO and publisher of The Robin Report, is a professor at the Fashion Institute of Technology. Michael Dart is a senior partner and managing director at Kurt Salmon Associates.