Apple just showed off their new IPhones and their new Apple Watch. I’ll admit, I’m a bit of a techie, so I tuned into the live blog for the updates. If you’re not an electronics retailer, you may have missed why this is such big news.”
View More of this Story from Bob Phibbs, The Retail Doctor
A new phone. That’s it. Everybody will want it. Some folks will get it. Nuff said.
No. Not ’nuff said.
Bob Phibbs, AKA “The Retail Doctor,” shared some great insight into the launch of the Apple iPhone 6 and what it might mean for retailers.
What excited me most about this article was not the technology, but rather the thought process of identifying broader (and very targeted) realistic implications for retailers and managers.
This month, we’ve been showcasing #chamberpreparedness and – for the most part – our programming and communications have centered on disaster preparedness and emergency response to help businesses prepare for the utter worst. However, Bob’s article touches on disposable income, POS readiness to accept payments via mobile devices and presents employee response issues our own employers might face.
Are you prepared for that? Have you thought about a comment Bob makes:If you employ part-time workers especially Millennials (under 32 years old) they have to have the newest technology and the coolest gadget, even if they don’t live at home. Some will have to pay significantly to upgrade a phone they might have gotten only last year.
And why wouldn’t they?
The new iPhones have better cameras, a cool new way to pay, larger screens and … it comes from Apple.
Therefore, there will be more requests for more hours, less willingness to go without a raise, and more attention paid to what your competitors are paying.”
And what about his suggestion:
Complete employee reviews now. Make sure you connect the dots for each employee; stress that a better performance will result in more hours and/or a raise. The employees with lower than average tickets or number of items will get fewer hours. Do this without threats, but leverage your power.”
Could these things happen to you? Absolutely. Are you prepared? I hope.
What other things should we be thinking about as new technology emerges? I’m curious to hear what’s on your mind.