Trends in the retail area

In the economical area mean the bringing process or method which is help out the organizations
to grow up positivity trends in any of the business area. On the economical description of area
market data based on the historical experiment details, which is focus on the trend area as well as
it’s based on in this often in retail also. Now the company able to discuss that where it’s seems
helpful, in that case company really helpful to predict the company’s future of themselves
business that could be further provocations them the views to design a strategy really growth of
companies which is useful.

NEXT connected to trends some other topic usually they are uses the study topic of this author,
in the future it’ll be have to know that business growth is more about to knowing them in
companies upcoming future. The most valuable thinking process is current trends which is more
creative and very advanced. Company thinks now companies product or the services attract more
than purchaser NEXT can help. In NEXT trends retail current has data information about collect
the data for company. The artificer using some another data collation of methods ,as such the
secondary source and primary source . In below trends of NEXT some notable retail section is
here,

Brick and mortar:

BRICK and MORTAR refers to a physical presence of an organization or business in a building

or other structure. The term brick and mortar business is often used to refer to a company that
process or leases retail shops, factory production facilities, or warehouse for its operations . More
specially in the jargon of e-commerce business in the 2000s,brick and mortar business are
companies that have a physical presence and offer face to face customer experiences.

Collaboration with social media

COLLABORATION refers to processes that help multiple people or groups interact and share
information to achieve common goals. Such process find their natural environment on the
internet where collaboration and social dissemination of information are made easier by current
innovations and the proliferation of the web.

Consumer data

CONSUMER DATA refers to all personal ,behavioral, and demographic data that is collected by
marketing companies and departmental from their customer base. To some extend ,data
collections from customer base . To some extend data collections from customers intrudes into
customer privacy, the exact limits to the type and amount of data collected is processed in
customer analytics. The data collection is thus aimed at insights into customer behavior and
eventually ,profit maximization by consolidation and expansion of the customer base. In the
internet age a prominent method for collecting customer data is through explicit online survey,
but also through concealed methods like measurement.

Voice search

Co score estimate that by 2020 we will be performing over 200 billion voice searches per month.
As a result , we are undoubtedly going to see a vast change in behaviour and attitude towards
digital assistants within the few years.

So as people change the way they search online ,business how are the brands and marketing
changes in line with the trends. Will they simply fall to wayside. Getting ahead of the game will
be a benefit for those that willing to take the leap. With consumers expecting than ever , the
landscape in customer service to expected accelerate at rapid rate. One noticeable driver for the
changes is that in the mobile word, and able to get almost anything through the tips of figures.
The expectations is beginning to be reflected.
Business Analysis of the Company

Business Canvas Model

Next is one of the largest companies of America region that is famous for the software
production in the market. The company has a largest market in the worldwide that provide
various electrical goods to the users. The researcher of the company has provided the importance
of business details through the business canvas model (León et al. 2016). Business canvas model
is one of the famous and used business models in the world that is used by various authors in
order to analysis all the details of the company. this is a graphical representation of the
company’s basic elements. Any company has prime nine key elements that is important for the
company’s growth, such as, key activities, key partners, key resources, value propositions,
customer relationship, channels, customer segments, revenue stream, and cost structure. These
nine keys are the main substitute of the company’s basic improvement and author has discussed
all these keys in this section briefly and provided a result that is accurate to the demands and
need of the company (Plenter et al 2017).

Key partnership Key activities Customer Customer segments

relationships
 CPU  managing the  premium
designers brand  brand value users
 new  managing the  self and  next users
entrepreneurs platform and improved  new designers
 new and developing it service  huge market
advanced  new and  retail stores for the
sellers advanced around the premium
 new designs world users
distribution  improved and  communities
partners high level
 relationship
with the
content
creators

Value proposition

 New music
 Movies
 applications

Key resources Channels

 The next  Applications

brand  Next apps store
 High quality  Retail stores
team of
human
resource
department
 Huge base of
the consumers
that is rising
day by day
 More users of
tablets and
mobile
players
Cost structure Revenue streams

 Business that is cost driven  Credit card and debit card charges
 Prices are comparatively cheap from  Pay per unit system
other companies  Premium prices for the users
 Gross benefits are high in the market
 Costs are fixed in the market
 Has a huge base of economics

Needs of the company

Next have some demands in order to grow in the market (Dudin et al. 2015). Such as,

 The company needs to be more specific about the products which they are selling to its
users.
 The measurements of all the things that they are selling needs to be kept,
 Next needs to set some targets regarding the market.

Opportunities of the company

The company has some opportunities in the market (Joyce and Paquin, 2016). Such as,

 The company has a strong base of users,

 New technologies help to increase the consumers,
 Delivery service of the company is also improved.

Problems of the company

The company faces some issues in the rising market. Such as,
  Growth of electrical commerce is a bit difficult to handle,
 Sustain ground of the company also a difficult aspect to maintain.

Recommendations

The author of study provided some recommendations or strategies to resolve this issues. as such
the business discusses of this study researcher model of the next and in the business model are
evident that are problems of certain discuss. Nowadays the most helpful things is this the people
can physically experience the products

 Any company can maintain their budget issue and developing their marketing via email
in order to maintain in this part of the company to Email Marketing. In the business can
be useful to attract more consumers which mails service through the company
recommends the products order.
 First of all company have to check the rating sections of the company which is possible
satisfied the companies services by the people that are provided the exact number of the
people. Only that time company can develop their products or service quality when they
know ratings properly of a certain things on their website. So now this online opportunity
is the really best things in market as it helps them like another people to buy a product
that has good marks rather than non reviews products ,it’s proved the reviews setting is
very famous for NEXT within the consumer section.
 Making sure that company fulfilling their services needs can be attracted in terms of
expanding the area of broader in a business.
 The company part of this attracts more thesaurus and toward the service of extermination
company, NEXT has to bringing on their own paths and section where they are satisfied
and providing the video streaming of all these products.
 From now the company will be thinking about expand the market area in ASIA and
EUROPE, as well they making the web sale options also more than useful prominent in
the company.
 As well as delivery options also develop in the market such as section of delivery drone.
Conclusion

In the world now one of the most leading retail business chain is NEXT that the concluding
statement suggests of this study. The business canvas model uses the author of this company to
describe the details of business. Where the author already briefly all the key nine of the elements
are discussed. Opportunities the company for further provides, where the company can be able to
see the problems. In the conclusive statement the business of NEXT issues which is evident in
this study also regarding the provided some determine statements that can be help full in order.
References

Joyce, A. and Paquin, R.L., 2016. The triple layered business model canvas: A tool to design
more sustainable business models. Journal of Cleaner Production, 135, pp.1474-1486.

Dudin, M., Kucuri, G., Fedorova, I., Dzusova, S. and Namitulina, A., 2015. The innovative
business model canvas in the system of effective budgeting. Asian Social Science, 11(7), pp.290-
296.

Plenter, F., Fielt, E., Hoffen, M., Chasin, F. and Rosemann, M., 2017. Repainting the business
model canvas for peer-to-peer sharing and collaborative consumption.

León, M.C., Nieto-Hipólito, J.I., Garibaldi-Beltrán, J., Amaya-Parra, G., Luque-Morales, P.,
Magaña-Espinoza, P. and Aguilar-Velazco, J., 2016. Designing a model of a digital ecosystem
for healthcare and wellness using the business model canvas. Journal of medical systems, 40(6),
p.144.