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The official opening of Printemps US marks a bold move on the French players part in an era when many luxury retailers are struggling to keep up. The layout of the store, designed by architect Laura Gonzalez, is made up of 10 separate areas, each with its unique design concept.
Walking into the 1172-square-foot space designed by Ringo Studio, consumers are greeted by a 16-foot- long custom table with marble insets, anchored by a dramatic light fixture. This store is more than a retail space; its an immersive experience that blends innovation with nature.
Trends in the Commercial Investment Market The retail real estate market was a focal point of this years MAPIC, with a strong emphasis on investors perspectives regarding retailmarket trends and outlooks. These sessions revealed an optimistic vision of the resilience of retail as an asset class.
Infant stage The department store industry is nascent in India since the format (as per the usual definition) does not exist yet, Selvane Mohandas du Mnil, managing director at International Association of Department Stores (IADS), told Inside Retail.
some has implemented a cross-border online and offline membership system, allowing consumers to earn and redeem points across different countries. some identified Malaysia as its next key market, driven by the countrys young consumer base and thriving retail environment. In addition to its core retail business, Oh!some
Most recently, on September 10, Finnish lifestyle brand Marimekko opened ‘ Marimekko Concept Store’ on the mall’s ground floor. Is Marimekko Concept Store really a concept store? It has been open for more than two years and is a clearly distinct retailconcept leveraging the Marimekko brand.
The mall concept as we know it began in 1956 with the opening of the Southdale Center in Edina, Minnesota. Neil Saunders, managing director and retail analyst at GlobalData, also confirmed the popularity of the American mall scene, commenting, “There is a narrative going around that malls are making a comeback.
They have all successfully tapped into the power of pop culture to keep hold of the increasingly fleeting attention of the millennial and Gen Z consumer. However, just because a collaboration is unique, or even a little weird, depending on the consumers perspective, doesnt ensure that it will be popular or profitable.
Since launching in January 2020, Viv for your V has steadily built its direct-to-consumer (DTC) and e-commerce presence via retailers like Amazon and TikTok Shop. Inside Retail : How did the concept for the brand come about? I felt consumers deserved better, both for their bodies and for the planet.
New Balance recently revealed a new retailconcept store at Paragon Shopping Centre in Singapore centred on experience and carrying a curated selection of footwear and apparel that caters to athletes and fashion enthusiasts. The open concept creates a space where consumers can shop cross-category to match their personal style.
Nestled in the pulsing heart of Seoul’s vibrant Myeong-dong shopping district, H&M’s concept store isn’t just another retail outlet but a bigger part of the group’s bet on Asia. “We The way consumers dress in this region is strikingly different from the rest of the world.
The themes on display are often indicative of the global trends affecting consumers and retail. In the past year or so, KPMG has published global research papers that add further insights to the big trends affecting retail models and consumer behaviour. What do consumers think and how are retailers using it?
Shepard was inspired to start the brand based on his own experiences searching for such products, and he knew other consumers were looking for the same thing. Tapping into this much-underserved market has led to steady growth for Both& since it officially launched in 2020.
This is just one example of the brand’s recent efforts to amplify its longstanding commitment to natural skincare, from the launch of a new formulation charter in 2022 to its B Corp certification in February to a new store concept centred on storytelling. “We China is the brand’s top market, followed by Australia, Hong Kong and then Japan.
Recent years have seen rapidly evolving changes in all areas of consumer behaviour and there is little doubt it will continue in terms of the products and services that people want, who they want them from, and where and when they want to access them. Rather than talking about what we do when we’re out there, it’s about how it makes us feel.”
As of last year, Erewhon had amassed a total ending market value (EMV) of $60 million, exceeding more accessibly priced grocery chains like Sam’s Club ($59 million EMV) or Sprouts ($27 million EMV), a report by influencer marketing platform CreatorIQ stated. percent, to reach an estimated $8.47 trillion by 2027.
Launched in March 2022, the agenda outlines our responsible strategy, with the Forward Store concept at its core, incorporating the “4 R” strategy: Repair, Remake, Resell, and Recycle. IR : What consumer trends are shaping the luxury retailmarket in Apac, and how is Golden Goose responding?
For brands selling through third-party retailers in categories like FMCG or consumer electronics, retail media allows you to tap into rich purchasing signals, boost visibility and improve conversion rates. We can deliver a brand or retailer’s message across an entire ecosystem, right down to the actual point of sale.
Retailmarketing has evolved over the last few years. While advances in technology have allowed for more personalisation and better shopping experiences, the way consumers shop – both online and in-store – has changed significantly and the lines between the digital and physical world continue to blur further.
Locally, the retail industry sustained substantial growth throughout the first pandemic affected year (2020-2021). For the year to June 2021, consumerretail spending grew by 9.1 But most significantly, I think it shows how quickly our new retail habits have become second nature, with 9.4 Yes, you read that right.
But while these initiatives sound promising, the question remains: can the department store chain truly adapt to the needs of the modern-day consumer? What’s going on with Macy’s? The first Macy’s opened in October 1858. In August, Macy’s announced that its second quarter net sales fell by 8.4 per cent year-over-year to US$5.1
With an open-air gallery, FASHION HOUSE Pallady features a design concept inspired by Bucharest’s Belle Époque architecture with bohemian streets for customers to enjoy shopping and natural sunlight. The first outlet centre, which opened over 12 years ago in 2008, is located on the western side of Bucharest, in Militari.
While the everyday consumer has become pri c e-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. The retail expert noted that “for discretionary luxury shopping in physical retail, this is paramount”.
Artificial intelligence (AI), augmented reality (AR), and blockchain are no longer futuristic concepts but active tools reshaping the retail experience. AI assists brands in offering personalized shopping experiences, optimizing inventory, and predicting consumer trends.
In addition to American brands like Maybelline, Olive Young has built a cult following with locals, tourists, and international consumers alike for its regular deals and specials on South Korean brands such as 3CE, Skinfood, and Jungsaemmool. In 2020, the vendor had failed to reach profitability and posted losses of 12.4 billion won (US$9.26
One of them is that Costco is a warehouse club and Walmart’s own warehouse club concept, Sam’s Club, contributes approximately a cool US$90 billion annually to the company’s top line. Both are membership concepts, and they both operate warehouses in Asia, with Costco having 32 in Japan, 18 in Korea, 14 in Taiwan and three in China.
Pre-Covid, augmented reality, the metaverse and livestream shopping were distant concepts for many mainstream retailers. We are at the forefront of innovation with social commerce, enhanced retailing and emerging retailing. Voice commerce could potentially address at least some of this market,” stated the report. “As
At the time of opening, it almost doubled the size of the largest existing outlet centre, and represented a tipping point for the factory outlet concept in Asia. Prior to Gotemba, Japan’s retailmarket was tightly regulated and the industry in bad shape. A number of factors are involved. High-end brands.
Often underutilised, lighting is one of the most useful tools to retailers wanting to improve their store and make shopping a more memorable experience for consumers. Here, we speak with several specialist providers of lighting to the retailmarket and find out more about the many advantages of revamping your lighting setup.
When you think of burgeoning retailmarkets, antacids may not be the first one that comes to mind. However, according to global market research consulting firm Market Data Forecast, the North American antacids market was valued at US$5.38 per cent to US$6.37 billion by 2028.
The Apple Vision Pro unveiled overnight marks the “true start of an era in which augmented reality devices will become a more mainstream part of consumer and retailmarkets,” according to one retail analyst. The applications are practical and will be easily understood by most consumers.”
Since launching in January 2020, Viv for your V has steadily built its direct-to-consumer (DTC) and e-commerce presence via retailers like Amazon and TikTok Shop. Inside Retail : How did the concept for the brand come about? I felt consumers deserved better, both for their bodies and for the planet.
Retailers and indeed, many other brands, understand the quintessential need for unique consumer experiences which foster a human bond. Pop-ups started based on this need – think Farmer’s Markets – but they’ve quickly evolved. The Concept. That shows how short-term shop spaces are a proven vehicle for doing just that.
By October 2019, South Korean companies were described by Korea Bizwire as “engaged in a fierce battle with Japanese rivals” in Vietnam, which it likened to a “post-China” market. Convenience stores and the e-commerce sector were growing much faster than the overall market. A new Nova Market store: 450 planned initially.
The arrival of the landmark centre is a significant moment for McArthurGlen as it marks the group’s first UK opening in over 20 years, as well as a return to the market where it introduced the concept of designer outlet retailing in Europe with Cheshire Oaks in 1995.
The story so far “The travel retailmarket in Asia-Pacific and the Middle East has been steadily growing in the post-Covid era. Global demand for travel is continuing to rise, as evidenced by the increasing flight capacity of airlines compared to last year,” Maroulis told Inside Retail.
Frustrated with the space and time-consuming nature of traditional beauty products, I sought out a portable, compact, and user-friendly solution. I was fed up with big, loud, oversized packaging concepts that demanded bigger bags and a long application time.
In a worldwide market as highly competitive as the one we live in, which changes by leaps and bounds in a matter of months and even weeks, retail branding has become a fundamental tool for any company that wants to stand out in its sector. In the case of retail , this concept becomes even more important.
Brands then tell a story that their consumers can engage with. Design matters Although the term design may seem like a minor concept, it’s very important to a successful business. The design of the products that you distribute and the design of your storefront are two of the most critical factors that a retailer should consider.
Central Group’s success in the European department store space should bode well for Selfridges,” Bradley Grinlinton, head of retail and consumer products at Publicis Sapient, told Inside Retail. It has reported a sales increase every year for the last decade, reaching £1.97 billion (AU$3.72
With the pandemic fading in the rearview mirror, inflation becoming more subdued and consumer confidence returning, the home improvement sector is heating up along with Thailand’s summer weather. Enough to go around Despite HomePro being the clear market leader, there is plenty of business for others. per cent on a year-on-year basis.
The Lexicon has also welcomed growing Danish retail chain Søstrene Grene and well-known home store Robert Dyas. Meanwhile, Robert Dyas, which opened at the end of August, occupies a 4,000 sq ft unit providing shoppers with a range of housewares, small electrical appliances, gardening products, kitchenware, DIY, and consumer electronics.
We spoke with her about coming up with the concept and how to stand out in the increasingly competitive wellness space. Inside Retail : How did you come up with the concept for Elix Healing? IR : In such a competitive retailmarket, can you describe Elix Healing’s unique points of differentiation?
Before walking into the store, consumers are greeted by a vibrant green store-front, which stands out from the monochromatic buildings on the same block. Surrounded by the brand’s signature perfume, bath and body treatments, and home fragrances, consumers may feel like they are being transported to Granado’s hometown of Rio de Janeiro.
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