What is the new retail model?

New retail is a combination of online stores and offline stores. Customers can place an order directly in a nearby online shop and send it home by express immediately, which is much faster than traditional online shopping.

I can only say that this is just a new retail model, and it is too narrow to understand the meaning of new retail. In my opinion, the new development of new retail is mainly reflected in four aspects: more, faster, better and cheaper.

Traditional shopping methods, such as going to a store one kilometer away, take time to go back and forth.

For example, walking for 20 minutes, coming back for 20 minutes, and checking out time may not take an hour.

If you buy it online, even in the same city, you will buy it in the morning and arrive in the afternoon.

Economy means cheaper prices.

For the new retail industry, another important method is saving. If the product cost can be greatly reduced, it can be sold to consumers at a more affordable price, and consumers can buy the same goods with higher quality at a lower price. This is a relatively economical new retail mode, such as Pinduoduo, famous products, necessities, Netease and YEATION.