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Without structured planning, retailers risk stockouts, overstocking, and suboptimal product placement, leading to lost sales. Retail storeplanning software addresses key challenges such as inefficient space utilization, inconsistent merchandising execution, and poor inventory visibility. Improve planogram consistency?
In his first earnings cycle at the helm , Kohls new CEO Ashley Buchanan laid out his plan to turn around the embattled company, which has struggled for years to return to a position of strength while fending off activist investors. I just knew that we could do better. And I think the customers expect us to be better.
Flying Tiger Copenhagen has officially landed in Australia and is bringing its signature maze storelayout and playful seasonal products with it. The first two stores will open in Sydneys Stockland Shopping Centres before adding three further stores in New South Wales to its bricks-and-mortar network in 2025.
Since entering the US 39 years ago, Swedish furniture giant Ikea has come to dominate the furniture and home goods market with its wide array of accessibly priced products, unique storelayouts and dedication to providing top-tier customer service. Whats next in store for Ikea? per cent in the past five years.
The Cheesecake Shop has undergone a rebrand, unveiling today its fresh new logo and store design. Scott Bush, CEO of The Cheesecake Shop, said “We are so proud to launch The Cheesecake Shop’s new brand identity and we know our customers will love the evolution and the fresh look and feel. “We
The joy of serendipitous discoveries that comes from shopping IRL has proven an elusive experience to replicate online — until now. The pandemic led to the launch of a gamut of virtual store offerings designed to give shoppers a bit of the treasure hunt delights of in-storeshopping.
Using a differentiation strategy allows retailers to create a unique in-storeshopping experience – that can’t be replicated online, and will set you apart from the competition. Some of them are tried and true, such as storelayout and design, customer service and convenience. Don’t waste this opportunity.
The exclusive framework agreement includes deployment and services for flagship stores, standalone boutiques, concessions and pop-ups around the world. The digital signage rollout includes 70 flagship stores worldwide, each with their own unique design and storelayout requirements, along with a further 20 installations planned for 2025.
Foot Locker has unveiled its new store format, which includes a communal sneaker try-on area to facilitate “sneaker culture” conversations and technology that provides store associates with omnichannel inventory availability data. The retailer plans to use learnings from this store, located in the Willowbrook Mall in Wayne, N.J.,
Amazon is bringing its Amazon Go convenience store format to the suburbs with the launch of a location in Mill Creek, Wash. The retailer also is planning an Amazon Go location in the Los Angeles metro area. The larger size won’t be a challenge: in early 2020, Amazon opened a 10,400-square-foot cashierless grocery store in Seattle.
More than 70 per cent of surveyed department-store operators experienced year-on-year sales and net profit declines last year, including Xujiahui Shopping Mall and Inzone Group. Several legacy stores have closed or been absorbed into larger retail groups. Companies can no longer rely on external expansion for growth.
That translates into gift shops and cafeteria spaces that are often sterile environments featuring the same mediocre-quality products and pre-packaged foods. and Penn Medicine’s Hospital in Philadelphia, with plans for further expansion in 2024 and beyond. “We Marie Kloor and her firm, Hydra Health , are focused on changing that.
Circle K will pilot a touchless autonomous checkout solution in one of its Phoenix locations and plans to add the technology to other store locations. In the pilot store, shoppers can pay via a smartphone app for a completely touchless experience, or pay with cash or a card at a kiosk or traditional POS station.
Some, like Target, are expanding their footprint with larger stores, while others, such as Sprouts Farmers Market, are doubling down on the small format. As retailers diversify their real estate portfolios to adapt to changing consumer demands, managing in-store brand experiences across various formats becomes increasingly challenging.
The new design, which features a more open layout and localized elements, will also be incorporated into future remodels across the chain. The first new store concept recently opened outside of Houston, and Target plans to utilize the format in half of the 200 store remodels and almost all of the 30 new storesplanned for 2023.
This retail renaissance is not just a return to traditional shopping spaces but also signifies a shift in the shoppers’ culture, expectations and behaviors. The move toward experiential shopping is vital in bringing people back to physical retail spaces, creating an emotional connection that can’t be found while online shopping.
The retailers that really invested in buy online, pick up in-store (BOPIS), shops-within-shops in larger footprint locations or even experiential retail — those retailers really started to thrive during this time,” said Joe Scaretta, Co-CEO and Founder of CS Hudson in an interview with Retail TouchPoints.
If you’re a retail business owner managing multiple retail stores, keeping your eye on the prize might be challenging. Understanding how your shops perform in terms of inventory and ROI is essential to the success of any multi-store operation. Start with: 1.
For me, a storelayout, just like an e-Commerce web site layout, should be customer-centric at its heart. When I was designing floor plans, we made a point of creating spacious environments where consumers could experience products in a way that felt personal and made the products relevant to their own lives.
With ecommerce reshaping the landscape, physical stores have a unique opportunity to borrow a few strategies from tourist destinations and become experiences beyond the mundanity of walking up and down aisles. Understanding these behavioral motivations and responses is key to creating impactful in-store moments. Over half of U.S.
But supply chain pressures and ongoing uncertainty surrounding the pandemic means that consumers are focusing less on how immersive and entertaining in-storeshopping experiences are and more on how safe and efficient they are. RTP: It seems like consumer priorities fall into two main buckets: ease/convenience and health/safety.
Discount supermarket Aldi is making a push into convenience with the opening this week of a Corner Store concept in North Sydney. The new storelayout is designed to support smaller-basket, convenience-driven purchases, in contrast to the traditional big-box Aldi supermarket typically frequented by consumers for larger shopping trips.
Shoppers have slowly begun to accept brick-and-mortar’s return: 22% have increased their willingness to set foot into a grocery store or pharmacy since March, according to data from Resonate. Only 24% planned to increase their online grocery orders in June, while 12% are starting to decrease their online grocery usage. In fact, 50%.
Even the best business plans expect some bumps along the road: financial insecurity among consumers, supply chain complications, a shortage of labor or reduced in-store traffic. Instead, consumers are more likely to embark on fewer but more intentional shopping trips, making more purchases per visit.
The megastore investment plans are already underway, with the Swindon, Merry Hill , Brentford , and Solihull megastores all newly relaunched. This initiative aligns with Currys’ commitment to its omnichannel model, comprised of 301 stores across the UK and Ireland and a strong online presence.
Customers can access products from any channel, enjoying a seamless shopping experience. The company wanted to ensure a consistently great shopping experience anywhere in the world, whether retail or digital. This real-time visibility allows businesses to optimise stock levels, prevent stockouts and fulfil orders efficiently.
Now that American retailers are shuttering stores and losing billions of dollars because of shrink, it is time for a sharper focus on the “journey” of another group entirely — retail criminals. Sadly, in addition to imagining how people will shop the store, designers need to think harder about how they might steal from it, too.
Additionally, grocery retailers are expected to increase their investments in on-site pickup or nearby microfulfillment centers by 35% to keep up with demand, forcing retailers to rethink the standard storelayout with BOPIS and curbside journeys in mind.
The retailer will initially trial several initiatives in its 20 stores in the area over the next 12 months to create a blueprint for further improvements across its wider estate. This will centre around improving storelayouts and designs, upgrading technology and offering enhanced training to colleagues.
Such economic strain is leading to behavioural changes in the way consumers are shopping and planning their festive budgets. Knowing your consumers is paramount to planning the holiday season effectively. Customers will remember brands where they had a more positive shopping experience and brands where they did not.
Regardless of whether you are planning on opening a new store or undergoing a store revamp, the layout of your store is more crucial to your overall performance than you may think. After all, picking the right layout design will allow your customers to shop your store with ease.
As a result, the retailer recently opened the doors at three new locations, Dubbo Square (NSW), Lake Macquarie Square (NSW) and Spencer Outlet Centre (Vic), and has three more openings planned for 2021. Yeung said there will be store growth in all states. “We We definitely see marketplace as an opportunity for us. Baby steps .
In response to this unpredictable economic landscape, consumers have recalibrated their shopping habits, demanding businesses to exhibit a newfound agility and innovation. In fact, 71% of consumer products CEOs and 64% of retail CEOs believe they have a clear plan for the role advanced AI will play in decision-making five years from now.
From business operations to customer behaviour, storelayout is vitally important for many reasons which may seem inconsequential or unnoticeable to the untrained eye. But with retail footfall gradually increasing in the UK , you’ll want to do everything you can to make your store a roaring success. . Sales strategy.
The entire 2,000 m² are distributed on two levels, representing a meeting point for food culture that invites you to shop, enjoy and linger. The Flexstore offers retailers the opportunity to adapt the storelayout as required and to quickly change modules in a cost-effective manner.
Søstrene Grene , the esteemed Danish homewares and hobby brand, has unveiled plans to open a flagship store in Central London. This development is part of the company’s aggressive strategy to launch 100 new stores across the UK by the end of the decade.
NYSE: FL), has unveiled its new retail concept that delivers an elevated shopping experience and unrivaled customer service. and will incorporate learnings from this concept into new stores. At Foot Locker , the retail store experience is the heart of sneaker culture. “Our Foot Locker, Inc. Foot Locker, Inc.
Each year, Sensormatic Solutions retail traffic consulting and analytics group forecasts the global top busiest shopping days, leveraging historical holiday traffic data from its ShopperTrak Analytics solution. Last year, between 21st – 24th Dec UK consumers were tipped to have spent £4.89
We will see store closures and rationalized footprints. Strategic thinking and forward planning in this new environment will need to actively engage tools that boost confidence in decision-making and provide enhanced odds that single out successful ROI efforts. Layout And Merchandising Strategies.
Majestic Wine has unveiled a £1m investment into its store estate, as it plans to expand at an average of one new shop per month over the coming years. Majestic opened its East Dulwich store on Tuesday, marking its second branch in the area. The company also opened a 3,700 sq ft Brentwood store on Thursday (25 July).
The retail industry in Malaysia has struggled during Covid, but shopping centre Pavilion in Kuala Lumpur has continued to find a way to reach consumers. It’s encouraging to observe similar trends in countries like China, where trends such as “revenge shopping” are aiding the country’s speedy economic recovery.
By design, Christmas is an explosion of sensory stimuli designed to fire all at once: colour, sparkle, lights, crowds, queues, music, extended product lines, changes to storelayouts and pricing. Knowing store entry and exit points is a must, especially during busy periods. Creating more accessible customer experiences.
One effective way to gain valuable insights is by measuring foot traffic, a metric that offers a wealth of information about your physical store’s performance and customer behavior. It allows you to analyze peak shopping times, assess the effectiveness of your marketing campaigns, and understand how customers move within your store.
Over the past three years, most of us have done a lot more shopping online, so it’s easy to forget that while ecommerce is still growing, most retail commerce still happens in stores. Forrester and Shopify found that more than half (54.5%) of holiday 2022 shoppers planned to visit brick-and-mortar stores for this reason.
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