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On Friday, The Wall Street Journal reported that online retail giant Amazon is looking to open large bricks-and-mortar stores in the US to sell clothing, homewares, electronics and other products, much like a departmentstore. And it would come at a time when some long-running departmentstores are closing up shop.
After closing its first direct-to-consumer (DTC) store in Australia in the Sydney suburb of Woollahra, the brand initially planned to open a boutique in Bondi Beach. Coming to the consumer Ecoya has a strong online business partially attributed to its loyal following.
Luxury departmentstore Harvey Nichols recently announced the opening of the first blue-chip non-fungible token (NFT) retailspace at its Pacific Place Hong Kong store. As our physical and digital worlds collide, the luxury retailer aims to make NFTs more accessible to a broader audience.
Departmentstore David Jones has launched a re-sale clothing initiative called Reloop in partnership with fashion rental company GlamCorner. Bridget Veals, David Jones GM of womenswear, footwear and accessories, said the company is committed to ethical, environmental and climate-conscious practices in the retailspace.
Laurent Boidevezi, the Apac president of luxury liquor group Moet Hennessy kicked off the day by outlining the company’s plans to expand on building its maison’s direct retailspaces as it looks to boost engagement with new generations of end customers. We all know retail is very cyclical but at the same time it is all about relevance.
The country’s growing economy and expanding middle class have created a favourable environment for global brands to set up shop and tap into a new consumer base. According to statistics from the India Brand Equity Foundation, the retail sector in the country is expected to be worth US$2 trillion by 2032.
Spanning eight floors and 71,500 sqft, Johnnie Walker Princes Street is located inside a building, which was formally a traditional departmentstore for almost 100 years. The rooftop bar and dining experience.
More and more people are just entering stores to feel the fabric, try the item and purchasing them online. So, how can a retailspace be called successful in given so many factors? Hasan and Husain Roomi, founders of H2R Design, have a vast experience of delivering retail projects. Highlight the focal point.
The symbiotic retail relationship SM Retail, the retail arm of SM Investments, operates a portfolio of more than 4200 stores across a whole plethora of retail categories that includes departmentstores, supermarkets, hypermarkets and specialty stores.
The brand commands premium prices for its designer eyepieces and is renowned for its stores, most of which resemble contemporary art galleries more than retailspaces. Around 2019, my design team and I started to look around to see if there were any opportunities to create our own consumer brand,” he said.
Last month, American fashion label Kith expanded into the country, opening its largest flagship store in Seoul’s Seongsu neighbourhood with dedicated retailspace, Sadelle’s restaurant and a sophisticated lounge area. Over the years, Korean consumers have become more sophisticated. million, a 12.48
Creating a Memorable Shopping Experience In an era dominated by online shopping, the physical retailspace must offer an experience that transcends the transactional. Christmas windows, acting as the gateway to the store, set the stage for a memorable shopping journey.
Last month, American fashion label Kith expanded into the country, opening its largest flagship store in Seoul’s Seongsu neighbourhood with dedicated retailspace, Sadelle’s restaurant and a sophisticated lounge area. Over the years, Korean consumers have become more sophisticated. million, a 12.48
The retail landscape has witnessed a remarkable evolution, driven by a complex interplay of environmental and social factors. Retailers have continually adapted to changing consumer demands, technological advancements, and shifting societal values. This era was often described as consumer warfare.
Following its 2020 marketing strategy rebrand, Parfums de Marly felt now was the right time to enter the Australian retailspace with its French vision of excellence and luxury in opposition to standardisation, through in-store customer experience. By culture, we are a departmentstore brand in the way we function.
It’s all about growing the brand’s direct-to-consumer and omnichannel presence in the region. A changing mindset According to Jain, the consumer mindset in India has also undergone a profound evolution. India is the world’s fifth-largest global destination in the retailspace. billion direct-to-consumer shipments by 2030.
The first store will open later this year at The Americana at Brand, a shopping centre in Los Angeles, and reportedly be around 30,000 square feet – much smaller than a typical departmentstore, which is around 100,000 square feet. Amazon has not shared the names of any labels that it plans to carry in the store. “It
Retail activity has been a defining facet of cities since antiquity. Retailspaces have evolved over time. Urbanisation, mass production and the rise of conspicuous consumption led to the high street and CBD dominating the retail landscape across the Western world from the late 19th century until the mid-20th century.
“Customers do research online then go in-store to buy Or they go in-store to have a look, and come back to buy online. Our customers have that flexibility which is a point of difference for us, [while] Myer One provides a different layer of value for the consumer,” he said. ‘It It sets us apart from other retailers.”
One of the key trends that defined retail in 2023 was pop-up shops and how these experiential shopping experiences have taken hold over millennial and Gen Z consumers. Midway into the first quarter of 2024, there are no signs of this experiential retail trend slowing down.
Unlike other beauty brands, Jung Saem Mool – founded in 2015 and with more than 250 point-of-sales in South Korea – takes a very different approach to connecting with its customers in this market, which can be seen at its flagship store on Scotts Road.
They have a retail-wholesale philosophy — they have their own stores, they’re in large departmentstores [through concessions] and they hold licences for a bunch of very well loved and established brands. LK: I love consumer brands. We’re a player in the retailspace, and we want to continue to grow.
In particular, retailers are finding success by delivering these in-store community experiences to consumers who want to feel a part of something larger and desire a sense of belonging. Latest retail results show departmentstores need more than touch-ups. They need reinvention. They need reinvention.
Travel has been back on the cards for a while now, and consumers are cutting back on luxuries and home improvements in order to save up for a trip abroad. In turn, retailers are increasingly identifying the opportunity to capture the attention of consumers while they’re on the road, in the air, and across the sea.
For retailers closely watching consumer confidence levels and spending trends, getting an accurate reading about what lies ahead can be challenging. Still, many consumers are undoubtedly feeling the impact of interest rates and the rising cost of living. This has become more crucial as the economic cycle continues to shift.
Before the pandemic, the Chinese special administrative region had bucked global trends of declining demand for multi-brand departmentstores and ultra-luxury brands largely due to its attractiveness to high-spending mainland visitors. British luxury departmentstore Harvey Nichols is at the forefront of the changes.
These ephemeral spaces are designed to captivate consumers, offering them immersive experiences that go far beyond traditional retail encounters. At the heart of pop-up retail is the theatrical environment it cultivates. The power of word-of-mouth marketing is harnessed effectively through pop-up retail.
Improved sales flowing through to rents In recent years, with retail chains aggressively pruning their real-estate portfolios, sometimes withdrawing completely from national markets, it has become increasingly important for shopping-centre operators to ensure that they are not overly dependent on revenues from one or a small number of tenants.
Harvey Nichols Hong Kong launches world-first NFT retailspace. Harvey Nichols has introduced the world’s first blue-chip non-fungible tokens (NFT) retail concept space inside a luxury departmentstore dubbed HN NFT Vault at the retailer’s Pacific Place store in Hong Kong.
Technology that helps retailers manage all channels in a single, connected way enables them to serve customers across all touchpoints, including mobile and e-commerce platforms, with a consistent messaging and consumer experience. “It While consumers have returned to brick-and-mortar stores, most now shop online and offline.
Spearheading this move are two flagship stores nestled in prime locations: one at the prestigious Shin Kong Mitsukoshi departmentstore in Taipei’s vibrant Xinyi Xintiandi district, and the other at the iconic Dubai Mall. Its location in Taipei was designed after careful consideration of Shin Kong Mitsukoshi A8 shoppers.
“Our retail customers use Matterport technology in a variety of different ways, whether that’s creating a virtual showroom where consumers can shop for holiday gifts or using digital twins to remotely manage store design and operations,” said Conway Chen, Vice President of Business Development of Matterport.
In a special showcase, Retail Focus looks across the industry for some of the more unusual applications in recent times, paying tribute to the retailers and creatives involved in these projects. We have maximised the use of our printers, especially when it comes to improving the exterior of our stores to further push our brand. “We
As retail undergoes seismic shifts, small-town high streets are defying the odds, thriving where city centres struggle. Urban high streets, once dominated by departmentstores and large chains, now face widespread closures and vacant spaces. This focus on localism drives foot traffic and fosters a loyal customer base.
As retail undergoes seismic shifts, small-town high streets are defying the odds, thriving where city centres struggle. Urban high streets, once dominated by departmentstores and large chains, now face widespread closures and vacant spaces. This focus on localism drives foot traffic and fosters a loyal customer base.
From the moment consumers step foot in a store, they start making purchasing decisions based on what they see. It’s a crucial strategy to make your products stand out in a competitive retailspace. It’s a crucial strategy to make your products stand out in a competitive retailspace.
. - A system to help shoppers locate items they see on display in the store quickly with AR or interactive maps. A next generation sensory-based, item-level tracking system that locates merchandise in a departmentstore or warehouse within three feet, using IoT sensor technology and 2D mapping. CITY LUXED. Unhurried Ambience. –
In the age of Amazon, and the pandemic-driven acceleration towards online retail, providing consumers with just a wide choice of products under one roof, as Departmentstores have done for centuries, no longer has a unique appeal. This requires not only strong leadership, vision, and commitment, but also investment.
Although there’s no right or wrong retailstore design, the layout that a retailstore follows should be focused on its target market, optimizing its space and showcasing its products. When compared to other styles of store layouts, free-flow is the most likely to produce an experiential retailspace.
With a slew of high-impact shopping events driving consumer spending, this is your prime opportunity to maximize revenue, build brand awareness, and move products off shelves quicker than at any other time of the year. Many purchases are carefully planned as consumers actively track deals several weeks in advance.
FLANNELS Dublin is set to be the next flagship in the brand’s roll-out of trailblazing flagship stores. Opening in the landmark former Clerys Departmentstore on O’Connell Street, it will be the first to open outside of the UK – demonstrating a key expansion for the next-generation luxury retailer.
Retail Consultant | Published author | Visiting lecturer Mass brand premiumisation has emerged as a pivotal trend in recent years, with brands striving to secure higher-value market segments while retaining their broad consumer appeal. Above all, it serves as a means to enhance their market positioning.
That happiness will be challenged on a number of fronts in the coming year, as events in politics, the macroeconomy, and a super-abundance of substandard retail property shape consumer spending and retailer operations. Much of the malaise has to do with Chinese consumers’ preferences shifting to the homegrown brands.
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