Just as the retail industry has changed almost beyond recognition in the past 30 years, so have the roles of flagships. Formerly the pride and glory of any retailer, the classic flagship store attributes of being big, brash and with endless stockroom space have given way to high-spec concept stores ready to chop and change with the trends of years to come
Amazon has made its first venture into South Korea with ambitious plans to create the world’s checkout-free department store.
The online brand credited with starting the disruption of mattress retailing is planting its flag in the physical space.
H&M has officially opened the first store for Afound, its brand new discount fashion brand and ninth overall. The first Afound store is in Stockholm, with a second set to open in Malmö soon. Sales via Afound’s online Swedish marketplace have launched in parallel with the opening of the stores
There’s a lot of (arguably hyperbolic) language popping up in the news lately about the physical retail industry. And on paper, it reads like a news report from a doomsday film
The popular locations are filled with colorful, sensory-driven installations that encourage customers to interact with both the physical space and the staff.
Indochino, the digitally-native made-to-measure menswear brand, continues to expand in the physical space.
Retail experts have called on the government to reform current business rates rules as new research reveals 44 shops vanish a week from the high street. New figures from ratings agency Altus Group have revealed the staggering rate of shop closures. Since the last rates revaluation seven years ago 15,856 shops have been demolished or converted into homes across England and Wales.
With the biggest shopping week of the year ahead and facing disruption from e-commerce, retailers have to bring the physical and digital world together, said Westfield Corporation CIO Denise Taylor.
Retailers continue to evaluate their physical footprints in the context of growing online sales in order to find the right balance between the two.