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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.
Unfortunately for many departmentstores, the pandemic has been a final blow in the battle with online retail, spiralling real estate costs and difficulty serving up physical retail that is consistently experiential, engaging and adaptable. So, what is to become of these extinct departmentstores?
Born in Sydney, designed in Auckland and made in New Zealand, luxury home fragrance brand Ecoya has arrived at Martin Place, the heart of the new Metro retail precinct in Sydney. 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.
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.
Ksubi, the Australian denim streetwear brand, plans to open three standalone stores on two continents before the end of this year. Next year, the brand will mark its return home to its Australian roots, with storesplanned for Sydney and Melbourne. .
This landbank should be sufficient to serve the company’s development plans for five to seven years. In all the company runs 30 brands, and conveniently they rent space in SM Prime’s malls. Robinsons’ 54 retail properties with 8,300 tenants generated 12 per cent revenue growth in the first half of the year.
India is the world’s fifth-largest global destination in the retailspace. In November last year, Aditya Birla Fashion and Retail Limited (ABFRL) entered into a strategic partnership with French departmentstore chain Galeries Lafayette to open luxury departmentstores and a dedicated e-commerce platform in India.
A recurring theme at Day two of NRF’s Retail’s Big Show Asia in Singapore on Wednesday was clearly the understanding among retailers of the need to deliver a great customer experience to succeed. The company has 26 maisons – as it refers to its brands – ranging from Champagne and cognac through to tequila and wine.
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. That means whether we design 13 different stores or use the same style in each one, it’s the same cost for us.”
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.
The high perfumery now has six global flagships with plans to open another four locations within the APAC region over the next 12 months. The stronghold that departmentstores have on the market share meant that partnering with departmentstores and the right ones was essential for the success of the brand’s Australian expansion. “By
Myer CEO John King told Inside Retail that the pace of growth has slowed slightly since the first half, amid rising interest rates and cost of living pressures. But he believes that the company’s impressive sales growth is set to continue as it emphasises the initiatives that underline its ‘Customer First Plan.’ per cent to almost $1.85
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.
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.
“The design concept is represented in a way that the separation between the old space and the new space is vague, by installing the lights on the glass on top of the sticky residue of tapes on the floor, and these floor lights, unlike the ordinary ceiling lights, create the extraordinary mood of upside-down.”.
Since Battersea Power Station reopened less than two years ago, major retailers have flocked to open innovative retailspaces and concepts. The M&S store I visited was renovated in June, extending the food department on one side by 30 per cent and decreasing the size of the apparel section on the other.
It is also set to open a second retailstore in the country at Ion Orchard later this year, signalling its ambitious plans for the region. Besides a dedicated retailspace on the ground floor, the store is home to a makeup academy, offering makeup lessons from accredited instructors. “We
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. We’re a player in the retailspace, and we want to continue to grow.
Latest retail results show departmentstores need more than touch-ups. And while both online and in-store transactions are part of the overall experience, it's the retailspace that currently requires new ideas and layouts. largest retailspace. Brand Strategy for Your Retail Design.
Further, a recent annual trend report by online travel agency Luxury Escapes, which surveyed 4,000 people, stated that over 90 per cent of Australians planned to travel domestically or internationally in the year ahead. All the people I’ve spoken to have made plans to travel in 2023 or the year after,” July’s co-founder Richard Li said.
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.
Tiffany's Fifth Avenue Flagship is more than a retailspace, it is a destination with a public dimension," said OMA Partner Shohei Shigematsu. The new addition is informed by programmatic needs of the evolving brand – a gathering place that acts as a contemporary counterpart to the iconic ground level space and its activities.". "The
Our first lookbook of 2023 collects 10 pop-up shop interiors from around the world, from a swimming-pool-style store by fashion brand Jacquemus to a playful supermarket stocked with groceries made of felt. Find out more about this SKKN pop-up store ›. Image courtesy of Selfridges. Le Bleu, UK, by Random Studio and Simon Jacquemus.
“Consumers now have more choices, whether in physical stores or online. Within the physical retailspace, some retailers are changing their offer to focus more on experiences and less simply on products. So are the procurement process, budgeting, and then your merchandising planning.” Inventory is always the key.
Choosing the right store floor plan can have a profound effect on the way customers navigate the store, interact with your merchandise and whether they decide to purchase any products. The structure of store design is highly influential in the customer experience.
Spanning two floors, the 1103sqm retailspace features distinct areas dedicated to specific product categories. Further, the store offers a blend of aesthetics and functionality. The layout is carefully planned to create an immersive and engaging experience.
Traditionally, the physical store is transaction-centred. The focus is thus on the products; all design mechanisms such as spatial planning, shelf layout and product categorisation work towards the goal of yielding maximum profits at maximum efficiency. The experience-based store, however, operates on different principles.
With travel still not possible for many Harrods customers, the world-renowned London-based departmentstore searched for a creative solution that would still allow customers to visit. Brands spend a lot of money making their retailspaces beautiful, but those are limited by physical geography constraints,” said Clement. “We
VDF studio profiles: Shanghai design studio Arizon specialises in the planning and interior design of retailspaces , from boutique departmentstores to shopping malls. The studio was founded in 2008 by Junwei Shen.
Coop’s Shot Tower, Melbourne Central, Source: Wikimedia Commons The ever popular pedestrian-only shopping strip, Bourke Street Mall, is another quintessentially Melburnian retail hub with its departmentstores and designer boutiques. Talk to an experienced retail design agency with deep Melburnian roots, today.
It’s a crucial strategy to make your products stand out in a competitive retailspace. Visual merchandising is a marketing practice that retailers and consumer products companies use to capture people’s attention so they’re more likely to purchase something. Who Uses Visual Merchandising? Create a Hook.
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.
Frasers Group plc today unveils plans to advance its investment into the Irish market, introducing FLANNELS into the Republic of Ireland for the very first time, with three new FLANNELS stores set to open across the country in FY23. For FLANNELS by Argent Design.
Just last week, Woolworths-owned discount departmentstore Big W pulled in-store announcements that voiced support for a First Nations Voice to Parliament after “objections” from staff and customers. “We We recognise and respect our team and customers have varying views and perspectives,” a Woolworths spokesperson said.
Many purchases are carefully planned as consumers actively track deals several weeks in advance. Physical stores see reduced traffic compared to years past, with more shoppers preferring online deals. Consumers in a rush head out to malls, departmentstores, and online platforms. The payoff for this planning?
The brand's first physical retailspace in the UK, at the Selfridges departmentstore in London, follows the same formula as its debut shop in Paris. Over the next three years, the brand is planning to open a roster of freestanding stores across the UK and EU.
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