Shopping from friends - the future of retail?

Thursday 17 January 2019

Article

In an era where the recommendations of friends is increasingly critical in where people shop and what people buy, it shouldn't be a great surprise to see the emergence of peer-to-peer retail.

The launch of Storr could be the beginning of a transformational development in retail where the smart application of technology enables anyone to quickly and easily create a digital store that reflects their preferred products and brands.

Gen Z in particular are thirsty for product that doesn't just conform but represents their sense of uniqueness, purpose and authenticity.

What better way then, to tap into this desire to make a statement, than to get individuals to curate their own range and to share it with friends and followers.

Brands are clearly seeing this as an alternative channel and are happy to switch the classic retail margin to a commission for these influential individuals to push their products out into their network of friends. 

Whether the technology can deliver on the promise remains to be seen, but if it does then we might well be witnessing the emergence of a transformational new retail channel. 

Exciting times!