Higher use of smartphones and increasingly important target demographics, including baby boomers, Asians and Hispanics, are shaping the retail landscape, Thom Blischok, chief retail strategist and senior executive adviser for Booz & Co., said during his keynote address at FMI's Health and Wellness @ Retail conference. The Hispanic population will rise 41% between 2010 and 2025, Blischok said, and the Asian population will increase 37%.

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