PROFILE

Chris Buecker

Founder & Chairman, International TCG Retail Summit
Since 2014 to present: Founder & Chairman, TCG Summit, the leading international retail conference in electrical retail (CE, Appliances, IT, Telecommunications). Since 2012 to present: President & CEO of Retailplus, a retail consultancy and organization of innovation tours with a special focus on retail. 2012-2005: Managing Director of Expert International, one of Europe's leading electrical retail organizations (13bn USD turnover). To learn more, visit: www.tcgsummit.com
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  • Posted on: 11/15/2019

    Is the environment Amazon’s Achilles heel or opportunity?

    Yes, definitely, the environmental conscience among consumers will only increase going forward. The whole online industry needs to develop environmentally friendly solutions. The current hype of package deliveries cannot go on like this. And it will not go on. A credible and trusted "green" online policy will be needed.
  • Posted on: 11/14/2019

    Shoptalk makes a statement with a conference featuring only women speakers

    There is no doubt that we need more women at the top management level. Surveys have shown that companies are more successful with a better gender mix at the top level. I believe that the U.S. is in this respect further along than Europe. In my main sector, CE retail, there are still extremely few women on the management team or on the board. The reason are various. In the future I believe that in Europe there will be, at least for a certain time period, a compulsory minimum quota of women as board members.
  • Posted on: 11/05/2019

    Is Amazon starting to fall out of favor with American consumers?

    Amazon has always proven to be innovative and agile. When something needs to be adjusted, it will do it quickly. In the end, Amazon will always possess a better cost structure, be more customer-centric and take advantage of its outstanding supply chain.
  • Posted on: 11/04/2019

    Should McDonald’s CEO have been fired over a ‘consensual relationship’?

    If there is no conflict of interest, then a consensual relationship should not be prohibited.
  • Posted on: 11/01/2019

    Survey says consumers want online orders shipped fast and free

    Absolutely. Shoppers have been spoiled. And once spoiled, they do not like to go back. Amazon sets the bar higher and higher and are top of mind for shoppers. That doesn't change even if the retailer might not be a direct competitor to Amazon.
  • Posted on: 10/31/2019

    McDonald’s drive-thru AI knows what you want before you order

    Everything which brings convenience to consumers will succeed at the end of the day. Consumers simply love more convenience! As McDonald's asks permission from the customer first, I believe the use of this AI-led technology is fine. In addition to more customer convenience, the process efficiency will increase.
  • Posted on: 10/30/2019

    Will free deliveries for Prime members make Amazon the driving force in online grocery?

    The interest and subscriptions of new Prime members will definitely go up. Zero cost for grocery delivery is, of course, very attractive to consumers. It will just be a matter of time until grocery giants like Walmart will (need to) follow. This is bad news for individual stores or smaller grocery chains, as they will hardly be able to offer the same service at no extra cost.
  • Posted on: 10/29/2019

    AI needs to be more than just a bright, shiny object

    "Retail is detail" is a classic phrase which is still valid today. Retailers should try technology out in a micro-environment and then analyze carefully the result before any full scale roll-out. Secondly, it is not always wise to belong to the early adopters in areas where the technology, benefit or acceptance of the consumer is not proven. Sometimes it might be wiser to first analyze best practices across retail sectors and then judge if a certain AI solution would be an improvement for one's own company.
  • Posted on: 10/28/2019

    What makes voice assistants creepy?

    Personalization is OK (as it is when customers are surfing online) but receiving ads based on what consumers have said in conversations without prompting the voice assistant device is a strong no-go. The question is also how to break up the oligopoly of Amazon, Google, Apple etc. and to open voice to everybody. It cannot stay like this.
  • Posted on: 10/22/2019

    Can b8ta do for fashion what it’s done for consumer tech?

    Yes, they can. Definitely. Their business is not limited to one category. It is a concept, independent from the category where brands rent space and own POS execution with screens explaining products and where the retailer provides staff who facilitate product demonstration. The retailer does not hold stock - transactions are managed through online order and delivery, and the retailer takes sales commission instead of box margin.
  • Posted on: 10/17/2019

    Is e-grocery less convenient than shopping in stores?

    Grocery shopping for pure commodity products might work online. Online shopping for fresh products will not really work, not even in the long run. People want to enjoy and experience this part of the shopping. Proactive retailers have developed and implemented compelling grocery store formats with incredible merchandising especially in the fresh food area.
  • Posted on: 10/04/2019

    Should companies have to pay you to use your personal data?

    Absolutely, personal data should be owned by individuals and carefully protected. In Europe, GDPR (General Data Protection Regulation) which was introduced in May last year tries to regulate exactly that. In my opinion, privacy should be tackled with more focus throughout the world.
  • Posted on: 09/30/2019

    “Alexa, help me get a job at McDonald’s”

    Voice will become the leading approach for people investigating in general on the internet. The use of voice assistance technology is currently increasing at an amazing rate. Voice assistants can indeed become another way of starting the job search. I doubt, however, that they will become a major recruiting tool.
  • Posted on: 09/24/2019

    What will Apple’s reinvented Fifth Avenue flagship mean for the brand?

    Iconic, experiential stores will be important going forward. Apple nowadays lacks innovation in products. The time when they were front-runners in terms of product innovation has gone. What still remains is the strong community Apple has. It will be vital to keep this crowd enthusiastic. E.g. with innovative flagship stores.
  • Posted on: 09/18/2019

    Retailers approach tech’s cutting edge with caution

    There is too much hype about new technologies. A retailer has only limited financial resources and needs to examine very carefully in which technologies to invest. Ninety percent of new retail technologies is simply gimmicks. The crucial challenge is to understand where the vital 10 percent lies.

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