The bad news is that retail operations need owners to improve communication and get on the same page as ground-level store managers to make any sort of progress. It could be a slow process, but improvement is possible. Opportunity: Shared Physical Spaces Companies sharing physical retail space ...
dealwith high-end retailer Sephora, which would begin sometime early in 2023. Additionally, home fitness brand Peloton startedselling through Amazonin August, and just afew weeks later announceda wholesale deal with athletics retailer Dick’s Sporting Goods, which includes branded store spaces. ...
But retailers have been slow to innovate and are furiously discounting as they fight for every dollar. The spaces they occupy are too big and in the wrong places. Urbanization is only piling on the pressure. Unless something changes, the race to the bottom is on. Technology will remake the...
It’s insightful, and a good way to relay brand values.Discretion: Consider alternative point-of-sale displays. The VitraHaus digital solution is clean, and allows customers to focus on the furniture.Humanity: Warm up spaces with friendly staff and a café. There’s nothing worse than a “...
In some data spaces, the CPG sector has fallen behind the retail sector and runs the risk of being at an information disadvantage in the value chain. The best CPG companies are stitching together disparate data, sometimes in real time, to understan...
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2. The metaverse grows (and continues to confuse) The onslaught of metaverse activations in retail is unlikely to subside in 2023. Last year, the industry saw a variety of brands enter virtual spaces to promote their brand and connect with younger audiences. Gucci, H&M, Puma and Gap are ...
a chain of children’s play spaces, offers indoor spaces where kids can go wild without breaking anything and stressed-out parents can exchange stories. There are also the now-ubiquitous coffeehouses and espresso bars, such as Starbucks, whose numbers have grown from 2,500 in 1989...
was a product of the vision of its celebrated leader. The wide-open spaces, the community display tables, the Genius Bar, the invitation to engage with products by virtue of their presentation alone, the choice materials and fixtures strategically deployed, the glass and the wood, the prec...
PHYSICAL SPACES ARE BEING REIMAGINED SCI-FI IS THE NEW REALITY Consumers increasingly expect the brands they deal with to have a point of view and be open about their values. They want to see transparency and decency, and they want the brands they spend time and money with to reflect their...