Embrace the New Retail Wave in China with Stephane Monsallier, Founder of Shops of the Future

The buzzword “New Retail” has swept through China for over one year. What challenges does it bring to the traditional retail industry and how can international brands cope with the new retail concept? Today, we have invited Stephane Monsallier, founder of shops for the future. He shared with us his views on the very exciting concept that was born in China and is now rapidly spreading to the rest of the world.

Shops of the Future helps international brands navigate the new innovation in the retail space in china.

Show Notes:

1:27 Introduction

3:13 How things have changed in China

4:30 Changes in retail industry and how mobile payments are disrupting the industry in China

7:08 International brands coming to learn in China

8:56 Relevancy for all brands or brands that have presence in China

10:00 China is not an easy market

11:50 Hema experience in China

13:17 New retail wave of startups

15:39 Not too much about technology, but mindset change is key

17:00 Embrace the wave of new retail

19:10 The China speed

21:31 Importance of business thinking

22:45 Traditional Chinese retailers

24:49 Convenience stores

26:41 New retail changes consumer habits

28:28 How to reach out to Stephane Monsallier

Feel free to leave a comment and start a conversation with us! If you have an ideal guest whom you would like to listen to, please let us know and we'll do our best to realize it!

Many thanks to our host Oscar Ramos, guest Stephane Monsallier, editor David and Geep, organizer Chinaccelerator and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com