What is New Retail
New retail is a term used to describe the merging of online and offline commerce. It’s about breaking down the barriers between ecommerce, physical stores, and supply chains to create a cohesive experience for both businesses and customers.
Instead of thinking in silos (like “in-store” vs. “online”) new retail connects everything. It uses data, technology, and real-time updates to give customers a consistent, personalized experience, no matter how or where they shop.
A brief history
The term “new retail” was introduced by Alibaba co-founder Jack Ma around 2016, during a time when ecommerce was growing fast, but was still seen as separate from brick-and-mortar retail.
His idea was to reimagine commerce by combining the best of both worlds, using data and integrated systems to connect stores, warehouses, and digital channels.
Today, new retail has evolved into what we now call omnichannel commerce, a more widely used term for the same foundational idea: delivering connected, consistent customer experiences across every touchpoint, whether it’s offline or online.
Good to know
New retail isn’t a platform or a product. It’s a mindset. And it depends on having connected systems (like your ERP, ecommerce platform, PIM, and POS) that share data in real time. These days, this mindset is more frequently described as an omnichannel approach.
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