The fun of shopping
didn’t change, the way we shop certainly did! Recently, we attended a very informative
forum discussing about PHYGITAL Retail Future Expert Forum by Quill
City Mall. What is PHYGITAL? How the new way of retail can impact and
enhance our shopping experience? Let check out the future proof of your business,
new retail innovations, and interventions.
PHYGITAL Retail Future Forum by Quill City Mall |
Well, I believe many
of us experienced the evolutions of the way how we shop. As online shopping is
a big thing however the joy of being able to see, touch, feel, and perhaps try
the physical products before making purchase still significant.
"Future Proof Your Business - New Retail Innovations and Interventions” Expert Forum by Quill City Mall |
Recently Quill City
Mall led an expert forum to discuss the new “PHYGITAL” retail future at Quill
Convention Centre Kuala Lumpur on 10th Dec, 2019. There were many new
innovative concepts and intervention about the future of retail industry shared
and I personally have learnt a lot from the six retail industry players and
speakers.
The forum was kick-started
by Mr. Koong Wai Seng, Group CEO of Quill Group of Companies as the keynote
speaker of the recent “Future Proof Your Business - New Retail Innovations
and Interventions” Expert Forum. He shared about The PHYGITAL Mall, a new
PHYGITAL retail era which is the combination of Physical + Digital functionality
where O2O (online to offline / offline to online) platform to create the best
version of a balanced retail ecosystem.
Mr. Koong Wai Seng, Group CEO of Quill Group of Companies |
It is about designing
a shopping platform, a journey within a physical space, with consumer-centric
tech infrastructure that facilitates the interactions between consumers and
brands throughout a seamless shopping experience. Plus, we also got a sneak
peek into their “PHYGITAL” features include e-wallet function, borderless
payment, smart logistics and digital content marketing such as live streaming
by influencers.
During the expert forum,
Quill City also announced their new tenant lineup that each has their unique
definition of what a “PHYGITAL” concept store means to their brand and
customers.
For instance, JD.com,
China’s leading one-stop e-commerce platform – has teamed up with
Presto, a local social marketing application to form an exhilarating
partnership – JDX Presto Concept Store. The store is not only cashless
but it is also staffless and borderless. That makes the largest
online-to-offline experience store in Malaysia. Plus, E-Sport Center
is also settling in with a “phygital” gaming store while UniKL introduces
industry exposure projects dedicated to business students.
The expert forum “Future
Proof Your Business - New Retail Innovations and Interventions” was led by
five retail guru including Anwar Jumabhoy (Industry Expert), Kent Lee (Founder
of Smuzcity), Redza Shahid (Founder of Grubcycle) and Cheong Chia Chou (CEO of
PUC Berhad), moderated by Jonathan Case were held after Koong’s action-packed
keynote speech.
Mr Cheong Chia Chou, CEO of PUC Berhad shared about about Increasing Your Revenue Through Omnichannel Marketing |
Mr Cheong Chia Chou, CEO
of PUC Berhad shared a very interesting topic about Increasing Your Revenue
Through Omnichannel Marketing. Omnicahnnel is cross-channel content strategy to
improve
He presented a
staggering statistic that showed a 250 per cent higher purchase rate when
retailers engage customers with at least three or more channels; it reaffirms
the importance of consistent customer experience and marketing across multiple
touchpoints in guaranteeing a higher revenue.
They further
confirmed that the future of retail needs to promote intimate social relationships
between brands, both international and local, with consumers by building a
physical space that is customer experience-centric.
Mr Kent Lee, The Founder of Smuzcity presented The Rise of Borderless Retail |
While, Mr Kent Lee, The
Founder of Smuzcity presented The Rise of Borderless Retail. Nowadays, brands can
sell their products across the border seamlessly. Smuzcity is the official
business development partner of JD Logistic Group.
Quill City will soon
become a borderless retail, edutainment, and experiential learning center with
more international and local tenants to come. Quill invites us to await for
more exciting updates as they ease into more “phygital” era in the next 12
months.
For more information
about Quill City Mall please visit
Website: http://www.quillcitymall.com.my/
Instagram: https://www.instagram.com/quillcitymallkl/
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