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Southeast Asia as key market We see Malaysia as a prime opportunity, given its status as one of Southeast Asia’s largest and most developed economies,” Mohammad A Baker, CEO of GMG, told Inside Retail. Meanwhile, Hong Kong remains a strategic retail hub with a high-spending customer base and access to premium retailspaces.
With an expanded area and a new space dedicated to brand licensing (IP), LeisurUp, the zone dedicated to leisure and immersive experiences, brought together leading players such as Bandai Namco, Citywave, Cits Immersives, Hasbro, Dama Dreams, Dedem, Hupalupa, Smiley, QubicaAMF, Pausa, TF1 Licensing, Universal, Walltopia, and Zero Latency VR.
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. However, by no means does the reduced floor space suggest a reduction in the department stores opulent design or its array of luxury product offerings.
However, a smooth store opening was executed by investing time with the internal team and engaging with brand partners in the lead-up. We’ve brought in a very experienced omnichannel retailer by the name of Jacq Vuleta as the chief customer and merchandise officer, Laing said.
Asia Pacific’s airport retailmarket is projected to grow to US$33.8 billion by 2026, driving the global market to $63.4 According to GlobalData, the growth will be driven by the increase in retailspace and passenger numbers as cross-border travel resumes and the relaxation of lockdown and duty-free regulations.
If you have three children and the UK has over 68 million people in their population, you do the math for this retailmarket. There are a few retail industries that are doing especially well in the kiddie market and this article aims to shed light on them.
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 retailspace; its an immersive experience that blends innovation with nature.
Quality images allow retailers restricted on space to showcase their entire inventory through digital channels, which may not be possible in physical stores. Adding images to Google Business Profile posts and product categories can increase engagement. As such, conversion rates can be improved.
EuroShop 2023 will also be focusing on key topics such as Connected Retail, Smart Store, Energy Management, Third Places, Customer Centricity, Experience and Lively City Centres. The exhibitors in the Retail Technology dimension help to shape perspectives and future fields of retail through the driving force of intelligent technology.
The US luxury retailmarket was worth US$134.6 billion last year, retail analyst and GlobalData managing director Neil Saunders told Inside Retail. If a brand is not performing, then it is replaced by a brand with which consumers are more likely to engage.
Unsatisfied with the natural products on the market, which she felt were either ineffective or unappealing to use, Lewisham made the decision to launch an evidence-based, B Corp-certified natural skincare brand. IR : How does Emma Lewisham fill a white space in the beauty market? Every day, day in and day out.
The collection also marks a bold new direction in retail, with a focus on engagement and creating impact in key cities. Dr. Martens’ Senior Global RetailMarketing Manager Sam Kelley “We are thrilled to see our key city strategy and the Ambassador campaign materialise in the retailspace.
Watch this (air) space. We believe physical retail remains as relevant as ever, but with a savvy digital customer watching your every move, it wont be enough to have great products and great prices. In the future, the technology edge could be decisive when it comes to customer engagement and loyalty. So, our take?
Here, we speak with two leading providers of materials in the décor sector to find out more about how easy projects like this are to undertake and how retailers should think outside of the box to make the most of their blank surfaces. The use of wallcoverings and floor-graphics could be used to make a space bold and enticing.
AR allows customers to virtually try products before purchasing, enhancing customer engagement. Brands that integrate these technologies effectively can expect to lead in the new retail landscape. DTC brands bypass intermediaries to engage directly with consumers, offering unique products and experiences.
According to an International Data Corporation (IDC) study, AR is anticipated to see compound annual growth rates of up to 135 per cent in retailmarket spend by 2023, and Snap is eager to get a slice of the pie. Not only did the AR try-on experience catch many Snapchatter’s attention, it also kept them engaged.
For major retailers, physical stores serve as hubs for customer engagement, offering services like in-store pickups and returns. Challenges Facing Physical Retail Brick-and-mortar stores face challenges, including high operational costs, the need to maintain inventories, and the pressure to innovate constantly.
Understanding these regional differences allows companies to craft marketing messages, product assortments, and retail strategies that resonate with local consumers, giving them a competitive edge when targeting U.S. Leveraging Retail Trends for Success As you prepare to enter the U.S. retailspace.
The retail world and gambling space have two things in common—both have a high market value and a broad customer base. In fact, one of our previous articles covers how retailers can borrow insights from online casinos to keep customers engaged.
Retailmarketing campaigns are highly competitive, constantly adjusting and evolving to new technologies and market shifts. Finding a path to a successful campaign in a competitive modern market means balancing what already works with forward-thinking approaches, and this is not an easy task to accomplish.
Our tips for retailmarketing will help you level up in 2023 for better sales and happier customers. Co-host an event in a shared space with a next-door-neighboring business. Optimize Your Point-of-Sale Display and RetailSpace It should be quick and easy for your customers to find your POS for checkout.
The Raffles team plans to complete the mall rejuvenation program by the end of the year, with the plan to execute more unique, experiential events and activities to engage shoppers. This program will cover around 111,000 sq ft of retailspace across levels one to three. The space will feature a grocer and in-store bakery.
According to Coenraad Hefer, general manager of New Balance Singapore and Malaysia, the company is always looking for new ways to engage with its existing consumers while also attracting the next generation of consumers to the brand. The open concept creates a space where consumers can shop cross-category to match their personal style.
Brands then tell a story that their consumers can engage with. One of the most important factors that retailers should consider when promoting their products is putting in the effort required to put together effective marketing displays as well as create stunning windows that feature their brand.
Retail Focus speaks with several specialist companies in this area about some of the latest trends they have noted in reference to visual merchandising, as well as their new solutions designed to help retailers win new business and keep hold of valuable customers.
This strong leasing activity highlights continued strong demand for well-placed units within popular retail and leisure destinations, with the centre now 94% let by floor area. The Lexicon has also welcomed growing Danish retail chain Søstrene Grene and well-known home store Robert Dyas.
Strengthening our retail footprint by enhancing the retailmarketing and visual merchandising experience, our product line, and our product distribution is going to be of prime importance,” Singh said. The company has also deployed a unique user interface for its brand owned app to drive education-led engagement. “As
This shift will see shoppers engaging more with brands that have strong environmental and social credentials. While these consumer behaviours are wide and varied, we can expect marked growth in rental, re-commerce and subscription retailmarkets and a decrease in people buying ‘brand new’ products.
In doing so, startups can not only meet the demands of online consumers but also prepare for the expectations of a wider retailmarket. Engage with both positive and negative reviewers, showing that you value feedback and are committed to improving your product. Have you considered launching your product brand in retail?
Analyzing over 80 different rigorous peer-reviewed studies on DTC, we discovered a few common insights that prove the DTC model isn’t dead, it’s just evolving and, in fact, it could still be a great way for smaller brands to build customer engagement. Engaging with customers directly online is particularly appealing for new brands.
The stakes are high, the competition is fierce, and the pressure to stand out can feel overwhelming, especially when dealing with seasoned retail buyers who have seen it all. But success in securing shelf space for your product can mean a significant boost for your brand, wider recognition, and, of course, increased sales.
Regular readers of our blog will know that we like to keep abreast of the latest trends in digital retailmarketing and retail technology. As soon as we downloaded the free mobile game onto our phone and started playing we immediately thought about the implications of this type of technology for retail.
The importance of togetherness, community and engagement has, perhaps, never been stronger. 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.
Currently working as DHL Supply Chain Australias VP of retail and 4PL, he is focused on the future of the industry and the movements that will give a boost to third-party logistics (3PL) and fourth-party logistics (4PL) customers. As the retail landscape continues to evolve, staying ahead requires continuous innovation and adaptation.
SkyQuest, a global market intelligence and growth consulting company, projects the global athleisure market will reach US$548 billion by 2023, reflecting a compound annual growth rate of 8.4 Within that, the sustainable athleisure space is seeing significant growth in particular. billion in 2020 and is expected to reach US$117.4
The brand will be engaging jewellery designer Carrie Yang to give workshops and explain her bespoke services from designing to stone selection and the final steps of handcrafting unique pieces. We want to create a deeper link between consumers and fashion designers and help our local designers promote their brands to international markets.
Whether it’s identifying the right partner for customer support, logistics management, or IT services, the company brings a deep domain expertise that’s unparalleled in the outsourcing advisory space. Our focus is not just on finding any outsourcing provider – it’s about finding the right fit,” says Ellspermann.
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. Unique part of retail One provider in this area is Shoplight , which, as its name may suggest, is well positioned to supply lighting solutions to the retailmarket.
For product startups, partnering with a retail sales agency often feels like a natural step. These agencies bring expertise, established relationships, and credibility to help your brand penetrate retailmarkets. Sometimes, the very agency you trusted to drive your retail success may start holding your business back.
Heather Kaminetsky knows the luxury retailmarket like it’s the back of her hand. Prior to her current role as the president of luxury e-commerce retailer Mytheresa, the retail executive has held positions amongst several luxury shopping giants including Barneys New York and Yoox Net-a-Porter.
Frustrated with the space and time-consuming nature of traditional beauty products, I sought out a portable, compact, and user-friendly solution. Having experienced success online, we’ve cherished the opportunity to engage with our customers on a 1:1 level.
Thanks to the diverse array of brands and tailored educational experiences at the STIMULATE Show, we’ve successfully found our footing in the mainstream retailspace. Being an award-winning, mission-drive sexual health and wellness company, our journey to connect with a wider audience has had its challenges. days in duration, with 1.5
We’ve made some pretty big waves in Australia and the online fashion space. KZ: In Australia, we already have a [large] share of the retailmarket, but the US is a huge market and opportunity for us. We have great engagement on the [SMS] channel. They can contact us via text message instead of email.
“The work for the collaboration is more innovative, and although there might be some windfall from the partnership in short term impacts to the business, the AI play by its very nature must be a longer term partnership and engagement. growth in this space will be inevitable,” Chakravarty noted.
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