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One of the key dimensions of EuroShop 2023 is Shop Fitting, Store Design & Visual Merchandising, which is the heart of EuroShop and its largest dimension. The exhibitors in the Retail Technology dimension help to shape perspectives and future fields of retail through the driving force of intelligent technology.
In October, the department store retailer announced plans to open 30 more “mini stores” in strip centers across the US over the next two years, as it veers outside of the shopping mall. In August, Macy’s announced that its second quarter net sales fell by 8.4 per cent year-over-year to US$5.1
Pose the question “what is visual merchandising?” to a retailer today, and the response will likely be somewhat different than the answer to that same question several years ago. That’s because the retail experience is evolving. The Art & Science of Visual Merchandising & Customer Experience.
As high-end retailers seek to capture and hold onto the 1 per cent shopper’s attention, Saks Fifth Avenue is ramping up its personalised shopping concept, Fifth Avenue Club. The company most recently reported that it is on track to drive US$300 million in annual gross merchandise value by 2027.
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.
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. The centre’s tenant lineup is a who’s who of high-end retail, featuring designers from all around the world. Occupancy has consistently been near 100 per cent.
Raffles City Singapore has welcomed an exciting slate of international brands with new and exclusive concepts. The new stores at the iconic luxury mall are designed to expand its lifestyle, beauty and food and beverage offerings so shoppers can get a taste of specially curated merchandise and unique shopping experiences. “We
Lego Group (Billund, Denmark) has rolled out a new retailconcept that the toy maker is calling its “store of the future,” the company announced on Wednesday. To help launch and promote the new concept, Lego has partnered with TracyLocke, a Dallas-based communications agency. “Our Read the full release here.
The Concept. The pop-up or flash retailingmarket in the United States is estimated to be a $50 billion industry, and it’s for good reason. In addition, they provide a great way for customers to test out their activewear in a real-world environment while scoping out the newest merchandise. Going Digital.
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.
Today, Selfridges is regarded as one of the best examples of experiential retail, offering highly creative and constantly changing store concepts and brand collaborations to drive foot traffic into stores. They can source exclusive merchandise not available easily online. billion (AU$3.72
It is also continuing to extend its menu of private-label merchandise, which drives higher gross margins. HomePro is a landlord, too Like most large retailers in Asia, HomePro is a landlord as well. Enough to go around Despite HomePro being the clear market leader, there is plenty of business for others.
To understand what holistic retail design is, we must first remember the definition of retail. Retail is the business that sells retail, markets a massive stock to multiple end customers. In relation to this concept, retail design is the design of spaces focused on the creative creation of commercial spaces.
To understand what holistic retail design is, we must first remember the definition of retail. Retail is the business that sells retail, markets a massive stock to multiple end customers. In relation to this concept, retail design is the design of spaces focused on the creative creation of commercial spaces.
We’re talking about solutions that align with the key themes of the event and current topics in the sector, such as the digital connection of connected retail, sustainability , the smart shop, energy use, customer care, fostering personalised experience and competition in (increasingly) dynamic city centres.
Telling a story that the customer can understand and perceive is one of the most common marketing resources, to which storytelling and visual merchandising give a new dimension. Everyone is aware of the importance of storytelling in the retail sector, but how many good examples can we find today? . What is storytelling?
Although many new product companies are finding success selling on Shopify or Amazon, online sales still only represent 20% of all retail sales, whereas offline channels like brick-and-mortar locations, catalog, TV Shopping and Reward and Incentive markets represent 80%. Retail stores is by far the largest retailmarket segment at $6.5
Yet the concepts are completely applicable to independent retailers. When done well, it creates an integrated buying and merchandising approach that ties together your marketing, customer service, point of sale, accounting, and operations and focuses all of them on one thing: great cash flow. It’s called Open-to-Buy.
Venturing into new overseas markets potentially spreads the risk of trading downturns, but, more significantly, it can offer stronger growth prospects than the mature and highly competitive Australian retailmarket. However, there tends to be a risk-averse culture in business.
They arrived with great fanfare but many international retail brands have found the Australian retailmarket has been a graveyard. Even prime locations, local partners, name recognition and often a portfolio of new merchandise brands haven’t kept Australia from becoming a dead end for some major international retailers.
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.
Retail giants including Ikea , JB Hi-Fi, Coles, Woolworths, IGA, Harris Scarfe, and 7-Eleven have all rolled out smaller store formats in recent years, as has Aldi , which continues to expand its “corner store” concept – part convenient store, part supermarket – in high-density areas.
The purpose of this concept is thus recreational rather than commercial. Experiential retail has developed out of the need to adapt to the changing market due to the rapid growth of the online market. 5 examples of retailers who have implemented the retailtainment concept in their stores. STORY at Macy’s.
The K11 concept has been launched in a number of large mainland Chinese cities as well, but now Cheng is gone, stepping down from New World in the wake of a disastrous $2.5 A second reason for the pivot toward culture is an economic one: mall operators are constantly retenanting to allocate more space to non-retail attractions.
Visual merchandising is an essential discipline in the world of retail. Furthermore, it is a discipline closely monitored by analytical data that has been obtained over years of marketing, commerce and sociology studies. What is visual merchandising? Visual merchandising goes beyond simply placing products on shelves.
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