Retail Observer

October 2023

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

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RETAILOBSERVER.COM OCTOBER 2023 6 Moe Lastfogel moe@retailobserver.com Moe's Musings Views Happy Connecting, We proudly support the following trade associations and buying groups throughout North America whose news and information greatly contribute to the quality of The Retail Observer and the education of our readers. www.asid.org www.cedia.net www.dpha.net www.feigroup.net www.htsa.com www.cta.tech www.cantrex.com www.unitedservicers.com www.NKBA.org www.necoalliance.com www.psaworld.org www.prosourceinfo.com THE RETAIL www.nahb.org www.nrha.org Follow us on: Join us at: Become a Fan: www.NARI.org nationwidegroup.org www.aham.org www.rtohq.org www.joinbrandsource.com I remember listening to a speech at a NARI meeting over 27 years ago by Gordon van Zuiden, Founder and President of cyberManor in Los Gatos, CA. Gordon discussed the wonders that would be coming in the new digital age and left the group amazed by the seemingly endless possibilities for the future. Thanks to visionaries like Gordon and others, many of these products are available today and being sold in your stores. While the home connectivity market is still in its infancy (relatively), consumers can now open their doors without keys, start their car from the warmth of their home, monitor the performance of their smart-enabled appliances, and turn off forgotten lights from a distance. The fridge can now send a reminder that they're out of milk, and that the eggs are past their expiration date. The internet has opened even more possibilities for consumers. They now have access to informational, educational, and entertainment content, which has created consumers with unique and highly individual complex demands. They want to surf the Internet on the TV in the family room – check email, bank balances, YouTube, Facebook, LinkedIn, and other accounts. Some consumers want to engage in video calls from the couch instead of facing a tiny laptop screen. They want to share and distribute multimedia more effectively throughout the home, including family photos, music libraries, videos, and games. However, let's not lose perspective – although many consumers are tech- savvy, the majority still are not! And this is where you, the retailer, have a great opportunity for profit, by educating your staff and yourself so you can educate the consumer. CEDIA, CEA, and many of the buying groups offer courses on new technologies. Manufacturers and distributors hold seminars that can give you the information you need on particular product lines. Once you become an expert, shout it from the rooftops! Advertise in your local paper, news channel, or home show and let the public know you are the "go-to" store in your area for solutions to their connectivity needs. tribgroup.com CONNECTING TO CUSTOMERS IN THE DIGITAL AGE

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