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The future of physical retail stores

Julia Bischof
Retail Director, International Executive

May 20, 2026

The role of physical retail stores is evolving and customer trust is the new competitive advantage. Discover why stores are no longer just points of sale.

Following our Retail at the Crossroads report — built on interviews with over 750 retailers worldwide — Emilie Robert, Global Retail Lead at Valtech, and Pascal Malotti, Global Retail Strategy Lead at Valtech, sit down with international retail leader Julia Bischof to explore the future of physical retail stores, why customers still visit and what it takes to make the in-store customer experience truly matter.

The future of physical retail stores is about a fundamental shift in purpose. Customers increasingly visit physical retail stores not to discover products, but to confirm decisions and build confidence. What makes the in-store customer experience matter today is the ability to earn trust.

This shift is not theoretical. It is already visible on the ground.

Julia Bischof has overseen up to 150 stores across Europe for brands including Mango, Le Creuset and Thomas Sabo. Over two decades, she has watched one transformation outpace all others: the moment customers stopped arriving to discover and started arriving to confirm. “In the 2010s, people still came to stores to find out about a brand’s products. Today, they’ve already seen everything — on social media, on the website, on Amazon,” she says.

Our Retail at the Crossroads report shows that most executives acknowledge that customers now arrive in stores better informed than their own frontline teams.

Julia’s field experience makes that shift tangible. The hyper-informed customer does not need to be convinced, but to feel confident in their decisions. That distinction defines what the in-store experience must deliver today.

When the store has lost its informational function, what remains is harder to engineer and far more difficult to replicate online: the ability to earn trust and turn a visit into certainty.

Trust begins before a word is spoken

The first layer of that certainty is built in seconds and requires nothing more than presence. “If the team doesn’t acknowledge you when you walk in, it’s over,” Julia says. “We should welcome customers the way we’d welcome guests into our home.” The principle sounds obvious, but the operational reality is that most retail networks do not deliver it consistently.

This is where the store’s unique strategic position becomes tangible. The physical layer sits at 100% brand control – the maximum position in the Orchestrated Commerce framework: designed space, direct interaction and controlled atmosphere. No algorithm mediates. No intermediary filters. The brand owns every signal in the room.

That control only matters if it translates into a felt experience from the moment someone crosses the threshold. A disengaged team working through its internal to-do list sends an immediate signal: you were not expected here. The conversation has not started, but trust has already been damaged.

The sale that doesn’t sell

If the first layer of trust is built at the door, the second is built in the conversation itself, and this is where most training programs still fall short. “The conversation should not be about selling something to the customer. It needs to be about helping them find what’s genuinely right for them. The sale follows as a consequence.”

Julia has spent the last years of her career dismantling what she calls the how — product features, benefits, closing techniques — and rebuilding around the why: what the brand stands for, what the customer is looking for and what a meaningful interaction can create. “We were very good at training teams to recite products. We need to train them to see people,” she says.

When a customer feels genuinely heard, the purchase becomes almost incidental. What they leave with is something more durable than a transaction: the foundation of customer loyalty.

Where digital breaks what physical built

Trust built at the door, deepened in conversation and then often broken at the seams. “Nothing is worse than telling a customer: ‘Sorry, I can’t link this purchase to your online profile’ or ‘If you bought it online, you’ll need to return it online.’ These things still happen today, even with brands that pride themselves on their digital transformation.”

This friction is not anecdotal. Our report found that inconsistency between online and offline experiences remains one of the main drivers of customer disengagement. The gap widens precisely because the emotional investment made in-store raises the stakes of every subsequent failure.

What the dashboard can’t capture and why it matters

If trust is the real output of a store visit, how do you measure it? Julia’s answer is deliberately uncomfortable: “Maybe we shouldn’t try to convert emotions into numbers. The two don’t really fit together.”

She is not arguing against analytics. She is pointing to their limit. Systems that optimize for what is measurable tend to crowd out what is decisive.

What data can capture is the long view: return frequency, customer lifetime value, the slow accumulation of evidence that something is working. Retail at the Crossroads reaches the same conclusion from a different angle. The retailers who close the gap between transformation spend and measurable impact are not those who invest more, but those who invest with longer time horizons.

Conversion is a snapshot. Trust is a trend.

The only layer algorithms can’t intermediate

Looking ahead three to five years, Julia is unequivocal: “The retailers that will thrive are the ones that keep questioning themselves. Not the ones that found the right answer once.”

That restlessness will matter even more as AI agents begin to stand between brands and their customers, recommending, filtering and purchasing on their behalf. At that layer, brand control drops to near zero. The product feed competes on structured data and algorithmic trust. The brand must be recommendable, not just recognizable.

This shift will define the future of retail stores. The physical layer becomes more strategically valuable, not less. It is the only space where trust cannot be intermediated, where no agent stands between the brand and the human. It is owned, designed and felt, not inferred from a data signal.

What Julia describes, the welcoming gesture, the genuine conversation, the coherent journey, is not a soft complement to the digital stack. It is the foundation on which the whole system earns the right to operate.

The future of physical retail stores lies in their ability to do what no digital channel can replicate: earn trust through direct, human experience. Customers still visit stores to feel confident in their decisions, not to gather information.

Retailers that understand this shift, from transaction to trust-building, will be the ones that sustain relevance and performance over time.

The store no longer sells. It earns the trust that makes everything else possible.

Connect with our team

Emilie Robert
Global Vertical Retail Lead & Global Client Executive
Pascal Malotti
Global Retail Strategy Lead & Strategy Director at Valtech France

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