Retail news and archive

Resurgence in US shopping centers signals shift in consumer behaviour

U.S. shopping centers are experiencing a notable resurgence, marking a promising shift in consumer’s shopping behavior. According to the latest update to Placer.ai's Mall Index for March, visits to shopping malls have seen a steady increase for the second consecutive month. The data reveals that visits to indoor malls surged by 9.7 percent...

RetailFeatured

Unveiling the future of retail: EIU's 2024 outlook

From the bustling aisles of brick-and-mortar stores, now filled with "experiential shopping" experiences, to the fast-changing landscapes of online commerce, with an ever-increasing number of pure players and discounters entering the game, what are the latest trends shaping consumer goods and retail? Will inflation fluctuating rates keep on...

Business

What challenges do retail professionals face in the ‘phygital’ era?

The lines between physical and digital stores are increasingly blurring, ushering in the era of the "phygital" business model in retail. The premise is clear: renew or die. However, one question resonates: is it possible to achieve this fusion of physical and digital environments without compromising the customer experience? According to a study...

Retail

Is RFID the solution to the obstacles in retail’s self-scanning checkouts?

Self-scanners in retail divide opinion, both among consumers and experts. Some are fans because it reduces contact with shop assistants and is generally faster, while others find it a source of frustration. In addition, shoplifting lurks among the self-scanning checkouts and, according to experts, it is even a growing problem. While...

RetailPartner Content

Empowering Retail Innovation: The New York Fashion Tech Lab Announces The 2024 Cohort Featuring 6 Women-Led B2B, Retail Tech Startups

The Lab, which was established in 2014 by Springboard Enterprises, continues to be the premier program and community for fashion and retail technology founders with its diverse group of retail and brand partners. The New York Fashion Tech Lab, a non-profit program for women-led startups in the sectors of fashion & retail, proudly announces the...

Retail

Ben Sherman begins UK store roll-out

Menswear label Ben Sherman is beginning the roll out of its monobrand stores as part of an ongoing multi-year deal with BSI Apparel. The agreement was made last year between the retail group and Ben Sherman’s parent company Marquee Brands, which handed over the licensing rights to BSI with the goal of bringing the label back to UK high streets....

BusinessFeatured

Retail experiences: Sportswear for professionals and the mainstream market

Sports brands face the unique challenge of serving two very different customer groups: Professional athletes, who perform at the highest level and need the best products to do so, and the mainstream market, which increases sales volumes. This duality requires a differentiated brand strategy that effectively addresses both target groups. In...

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Digital or analogue: What technologies do brick-and-mortar stores need?

Will a certain number of square feet actually generate the sales that hardened retail managers expect? Probably not. But it does not matter. After all, brick-and-mortar retail is merging with online retail and the role of stores has changed. They are no longer (only) responsible for sales, but also serve the need for convenience and destination....

Retail

NWEC: Oxford Street brings in highest sales of West End

Amid an ongoing rejuvenation of the famous shopping destination, the landlord of Oxford Street has shared data that shows such investments are beginning to pay off. New research carried out by New West End Company (NWEC) and property firm Colliers has said that Oxford Street was the “largest single component of the West End, both in terms of...

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The UK retailers making ‘record’ investments to raise staff pay

In a retail landscape marked by questions and concerns surrounding financial stability, mounting reports of “record” investments into employee pay suggest there is a light at the end of this gloomy economic tunnel. Various related announcements that have taken place over the past two months come after the introduction of a revised Real Living...

Retail

The O2 welcomes ‘strongest start’ to trading year

London’s entertainment district and outlet shopping mall The O2 has said that it experienced its “strongest start to a trading year” with “stellar” results seen for January and February. The retailer reported that it welcomed over 1.5 million visitors over the period, a 46 percent increase compared to the same period last year. It furthermore...

RetailFeatured

Fashion's Next Frontier: The Rise of Connected Experiences

In an increasingly digitally dominated era, the fashion category is driving a profound shift in retail, delivering connected experiences that transcend traditional boundaries. No longer is it just about the product. Brands like Louis Vuitton are redefining the physical space as a platform for cohesive storytelling, engaging consumers, and...