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The 8 Mistakes Retailers Will Make And Limit Their Futures

Updated: Jun 16

1. Ignoring AI Integration: Failing to integrate AI effectively into their operations, leading to inefficiencies and an inability to keep up with competitors.

2. Neglecting Omni channel Strategies: Overlooking the importance of a seamless Omni channel experience.

3. Underestimating Cybersecurity Threats: Not prioritizing cybersecurity measures, making them vulnerable to data breaches and cyber-attacks.

4. Resistance to Change: Maintaining a rigid, change-resistant culture that stifles innovation and adaptation.

5. Inadequate Focus on Customer Experience: Failing to prioritize customer experience leads to dissatisfied customers and a decline in brand loyalty.

6. Ignoring Sustainability: Overlooking the growing consumer demand for sustainability and ethical practices, resulting in reputation damage and loss of business.

7. Mismanagement of Data: Not effectively leveraging data to gain insights into consumer behaviour, preferences, and trends leads to poor decision-making.

8. Relabeling Old Ideas as New: Attempting to repurpose outdated strategies and ideas as innovative solutions can lead to a lack of lasting progress.

George Minakakis is a sought-after thought leader and keynote speaker. Organizations welcome his down-to-earth, real-world experience in leading companies and boards. Business leaders also contact George for advisory roles, as he has vast experience developing and reviving retail brands globally. For more information, send an email to For media interview requests, send an email to

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