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✈️ Ready to elevate your retail game? The airport retailing market soared to $35.2 billion in 2023! 🚀 Increased air traffic and expanded presence are key drivers, with innovative omnichannel initiatives paving the way for growth 📈. Expect a 9% CAGR from 2023-2028! 🌍 https://lnkd.in/g8rqCF4M #Retail #RetailGrowth #OmnichannelStrategy #AirTrafficBoom

Evendo is about to make waves in the world of retail. #EvendoIsAboutToMakeWavesInTheWorldOfRetail #retail #technology #innovation #shopping #ecommerce

The Rise and Fall of Retail Stores: Navigating Change in a Digital Era In the ever-evolving world of retail, we've witnessed dramatic shifts that have redefined how we shop and interact with brands. The golden era of retail stores was marked by bustling shopping malls, vibrant downtown storefronts, and the joy of in-person shopping experiences. Brick-and-mortar stores were more than just places to purchase goods, they were social hubs, community landmarks, and the heartbeats of our neighborhoods. However, the digital revolution has transformed the retail landscape. The convenience of online shopping, coupled with rapid technological advancements, has led to a significant decline in physical retail spaces. Retail giants once thought to be invincible have closed their doors, and many small businesses have struggled to adapt. Despite this shift, the story doesn't end here. Retail is resilient, and innovation is at its core. We see a blend of digital and physical experiences emerging, with concepts like omnichannel retail, experiential stores, and the rise of direct-to-consumer brands. These new strategies aim to create seamless, personalized shopping experiences that meet the demands of modern consumers. How does this affect the legal cannabis market? The retail transformation has also impacted the legal cannabis market. As consumers increasingly turn to online shopping, cannabis retailers are adapting by enhancing their e-commerce platforms and offering delivery services. Additionally, the shift towards digital retail has prompted regulatory changes, such as simplified packaging requirements and increased production capacity for micro-businesses, to support a more competitive and innovative market. As we navigate this changing landscape, it's crucial for retailers to embrace flexibility, leverage technology, and stay attuned to consumer preferences. The future of retail lies in our ability to adapt and innovate, ensuring that the magic of shopping—whether online or in-store—continues to thrive. #RetailRevolution #DigitalTransformation #InnovationInRetail #FutureOfShopping #CannabisIndustry

According to the British Retail Consortium, footfall at UK #retailers has improved for the first time in over a year, thanks to favorable weather and last year's poor performance. This increase, particularly in shopping centers, indicates a potential change in #consumerbehavior and provides an opportunity for #brands and #retailers to invest in #retailtechnology. Leveraging #dataanalytics, #AI-driven personalization, and #omnichannel strategies could enhance the customer experience and help capture momentum in an evolving retail landscape. #RetailTech #CustomerExperience #RetailInnovation

The evolving landscape of retail, highlighted by a significant integration of online shopping with physical storefronts, is proving to be a boon for the commercial real estate sector, especially in the greater #LosAngeles area. By serving as both showrooms and fulfillment hubs, stores not only enhance the shopping experience but also drive efficiency in inventory and shipping costs. What does this entail? It is an opportunity for #retail to use their locations for in-store pickups, returns, and direct shipping, which not only retains customer foot traffic but also reduces operational expenses associated with online transactions. All of this underscores the continued relevance of physical stores within the retail domain, contradicting earlier predictions of a digital takeover. Are you looking to take advantage of this trend? Follow our page at Beyond Space Inc. to see where your next opportunity lies.

Here are today’s retail industry updates from December 24th, 2024 🛍️🛍️🛍️ Primark: Expands its click-and-collect service to include children’s clothing in an additional 100 stores across the UK. Claire's: Partners with Roblox to launch a virtual holiday-themed store experience aimed at Gen Z shoppers. REWE Group: Invests €25 million in automated grocery fulfillment centers to enhance efficiency. Tiger of Sweden: Announces a new sustainable denim collection launching in early 2025. Warehouse Fashions: Opens its first international store in Dubai, marking its entry into the Middle East market. Intermarché: Rolls out a mobile app that allows real-time price comparisons for shoppers. Oliver Bonas: Pilots a gift-wrapping subscription service for eCommerce orders to boost holiday sales. Kohl's: Signs a multi-year deal with Levi’s to expand its premium denim offerings. HEMA: Unveils plans to expand into Belgium and Luxembourg with 30 new stores by 2026. Debenhams: Reopens a flagship store in Manchester, focusing on an experiential shopping model.

Being passionate about Retail, it was great to read about Currys and Superdrug investing in their store estate, both refurbishing existing and opening new sites too. In fact Currys are investing in 65 stores and having worked for that business previously, demonstrates the importance of aligning the store experience to the customer need, especially in todays omnichannel world. Superdrug is celebrating 60 years on the High St and plans to open 25 new stores this year, as well as extending seven existing stores and refitting 60 over the course of 2024. Simply changing the space allocation and flow by category and bringing in new ranges helps to align with customer need as well as increasing sales of course. Over time some of the core ranges may become overspaced relative to their sales contribution, equally some emerging ranges may be under represented not reflecting the potential to grow sales and market share in the medium to long term. Previously Currys stores used to be very unfriendly and hard to navigate with many using the old-fashioned herringbone store layout as opposed to perpendicular formations. Many of the products were behind counters and in cabinets making them difficult to access let alone try. Product spec on the tickets and POS was written to highlight features not benefits, confusing the customer further with ‘Core Duo’ this and ‘8 Ram’ that. Customers are seeking a much more hands on experience where products can be tried and handled supported with great advice tailored for their needs. Increasingly I believe, Retailers will need to create the benefits of shopping online in a store environment. This means easy access to video content, customer reviews, star ratings and more product information to help inform their decision making. Being able to compare features and benefits across different products at a glance would be useful too. I often compare stores to your home, if we don’t update and refurbish regularly then we won’t feel comfortable inviting guests round. As is the case with Retail, customers will always vote with their feet.

Physical stores and online platforms are no longer rivals but allies. Karl Escritt from Like Digital & Partners reveals the powerful synergy between them in this latest article. See how to leverage this integration for retail success. #RetailFuture #EcommerceIntegration #RetailInnovation #RetailEvolution #DigitalTransformation

Hello Readers, Do you ever imagine how the retail outlets around you will look like in coming 5-10 years? The coming years there will be convergence of online & offline retail where traditional retail will be transformed into more convenience and experience-driven stores. To understand this transformation journey, do check out this article…