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The Professional Retail Store Maintenance Association (PRSM), the authority on retail, multi-site facilities management, today released its annual review of the state of retail facilities management and key trends impacting the nation’s leading retailers and suppliers. The report outlines five major trends driving the facilities management industry.
“The retail industry has been and continues to experience rapid evolutionary changes,” said Leigh Pearson, 2016-2017 Chair of the PRSM Association Board of Directors and Director, Facility, Environmental & Procurement Services at Staples Canada. “These changes provide a great platform for today’s facilities management professionals to help move retail towards an even brighter, more exciting future.”
The FM of the future is no longer a skilled trades person. They will manage multiple complex systems generating big data that must be analyzed, sorted and interpreted to ensure maximum ROI on every facilities investment. Training and recruiting future FM’s is critical to the industry.
The trend in successful retail FM marketing and sales is built around understanding retail FM needs, psychology, vertical markets, and establishing relationships, using case studies and testimonials, while delivering value – not selling products and services.
The Internet of Things (IoT), cybersecurity, the digital ceiling, augmented and virtual reality, and nanotechnology are all driving retail facility management. Technology that delivers a proven ROI will continue to impact FM.
Federal regulations can have the most impact on FM. However, new local, state and regional laws can cost millions and create a regulatory tidal wave that washes across the nation impacting thousands of retailers.
During the last two decades the retail landscape has evolved from hundreds of indoor shopping malls into highly specialized, trending stores, pop-ups, outlet centers and high-end malls. Retailers are depending upon the FM to play a key role in transforming the retail environment, making it attractive to customers and enticing them to shop in physical stores instead of online.
The Trends Report was released at the PRSM Association Mid-Year Conference and will be a topic of discussion at the 2016 PRSM Canadian events in October. These events provide strategic direction and tactical guidance for the retail industry, including retail facilities professionals. In April, the PRSM2017 National Conference will be held in Dallas, Texas and will host the largest, annual gathering of retail facilities management professionals.
Visit prsm.com for more information.