Retail news and archive

10 steps to design the perfect point of sale, according to Scotta 1985

Valencia, Spain - In a world increasingly reliant on digitalisation, the question of a physical store’s current relevancy arises. Yet many brands remain steadfast in their commitment to the in-person shopping landscape, with some emphasising that physical retail brings ample benefits to brands that still invest in this sector. Co-founder of...

Retail

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...

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...

RetailFeatured

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...

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...

Retail

Former House of Fraser flagship to get 132 million pound revamp

The former location of House of Fraser’s Oxford Street store is set to receive a 132 million pound refurbishment, a move that comes at a time when the London area is calling for a much needed overhaul. McLaren Construction has been appointed by Publica Properties Establishment to oversee the 34,000 square metre revamp, where office spaces, two...

Retail

BRC: UK retail crime rises to 1,300 incidents a day

A new report by the British Retail Consortium (BRC) has shown that the number of incidents of violence and abuse against retail workers in the UK has risen to 1,300 a day. This reflected a 50 percent increase in the levels of retail violence, the organisation’s research noted, which covered the course of 2022 to 2023. Next to this, the cost of...