Retail news and archive

Will relocation and digitalisation help in the renaissance of France’s fashion retail sector?

Which industries, with the possible exception of emerging ones, bring only good news? Once thriving, the retail sector in the French textile and clothing industry is now facing a host of challenges. Competition from low-cost countries, the rise of e-commerce and changes in consumer habits have undermined what was once a dynamic sector. Far from...

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The future of retail and its stores: A new interior design for a new way of shopping

Valencia - In an eminently online moment, in which we can scroll to buy a T-shirt or some sneakers without leaving the sofa, what is the role of traditional stores? To answer this question, FashionUnited looked to industry experts and retail professionals who could elaborate on how the evolving position of the 'store' has changed. Among these...

Retail

Asda to update George departments as part of 50 million pound retail investment

Supermarket giant Asda has outlined its plans for a 50 million pound store upgrade programme as it looks to improve the shopping experience of its customers. While the programme is set to be carried out over 170 stores in total, 50 of larger stores will receive major updates, including the introduction of new in-store services and features....

Retail

Retail sales drop in April as wet weather impacts footfall

Retail sales in the UK took a slight hit in April, dropping 2.3 percent over the period as poor weather impacted footfall. According to figures from the Office of National Statistics (ONS), sales volumes fell across most sectors, including clothing, dropping below the previous figure of a 0.2 percent decline in March. Non-food stores saw their...

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Retail inspiration: The latest store concepts from around the world

Retailers around the world are striving to improve the shopping experience. While one shop may pamper customers in-store with elements such as a lounge area, another could be looking to empower customers by promoting a 'do-it-yourself' motto through technology. Several retailers, such as London-based multi-brand LN-CC, are fighting their way out...

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Report: Retail innovation for a competitive advantage

Today, consumers are used to making online purchases with a single click, whether it be via a social media channel, an app, or a store platform. They expect to receive online deliveries in 30 minutes or less and shop in virtual stores in the metaverse. Rather than physically trying on clothes, they use augmented reality smart mirrors from the...

Background

Sale and special offers: a closer look at the discounting practices in the fashion industry

Discounting has become somewhat of the norm in the fashion industry today, with clearance culture emerging as the solution to excess stock for many retailers and brands. But could this practice be doing more harm than good? This background piece looks at sale and discounting practices. Contents • In fact, there’s not always a sale on • What...

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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...

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Foot Locker debuts new retail concept at Willowbrook Mall, New Jersey

Foot Locker, Inc., launched a new global retail concept at Willowbrook Mall in Wayne, New Jersey, today as part of its broader growth strategy outlined in its March 2023 Lace Up Plan. Designed to offer customers an elevated shopping experience, the new concept, dubbed the “store of the future,” features a bold storefront and a distinctive...

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...

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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...