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Physical retail is adapting to the new consumer demands. Here is a good example of this. #retail #retailinnovation #departmentstore #lessismore #brickandmortar #consumerbehavior

🛍️ Retail Revival: Foot Traffic Trends in Key Department Stores Key Takeaways and Industry Implications Advan’s foot traffic data from January 2022 to May 2024 reveals several key trends in the apparel retail industry: - Resilience of Discount Retailers: TJ Maxx and Ross Stores have demonstrated robust growth, underscoring the enduring appeal of discount retailers. Their ability to attract shoppers seeking value for money remains a significant strength. - Strategic Shifts in Traditional Department Stores: Kohl’s mixed performance suggests that traditional department stores must continuously innovate and adapt to changing consumer preferences. Strategic partnerships and store redesigns can drive foot traffic, but consistent execution is crucial. - Upscale Market Dynamics: Nordstrom’s growth highlights the complexities of catering to upscale consumers. While there is potential for strong foot traffic, it is essential to balance premium offerings with broader market trends. Read more: https://lnkd.in/eRcU87Xe #FootTraffic #Geolocation #Retail

Lumina Intelligence's Retail Navigator reveals the 20 biggest international retailers in the UK, and what's their growth forecast for the next few years.  Learn more by following the link below. With Retail Navigator you can access curated business intelligence and exclusive expert commentary for 150 of the UK’s leading retailers, all in one simple tool.   Find out more about Lumina Intelligence's Retail Navigator by contacting George Mackellow to arrange a demonstration or visit: https://lnkd.in/ejiyZPtt #retail #retailers #ukretail #britishretailers #marketinsights #maketanalysis #marketinsights

"Shoppers could go for months without spending a single penny with a British retailer and probably not even notice it, because from grocery to sportswear, international retailers have certainly made a home for themselves in the UK." The last few years haven’t been especially laden with hometown glory for British retailers. Legendary brands Ted Baker, The Body Shop and wilko have all hit the rocks and filed for administration, while the waters have become even choppier for two brands that were once at the top of the UK’s fashion food chain – ASOS.com and Superdry. Although there are many factors to consider when assessing the downfall of some of this country’s most famous retailers, British shoppers’ embrace of huge global brands certainly comes high on the list. To see just how worldly the UK’s retail landscape has become, we asked Retail Week sister brand Retail Navigator by Lumina Intelligence to reveal the international retailers with the biggest UK sales, and how much they’re forecast to grow over the next few years. https://lnkd.in/eWbByWjc

I talk a lot about failing department stores. Sadly, it is all too easy to find examples of how things should not be done. So, what are the ingredients for a *good* department store? How should retailers do department stores? I visited the iconic Selfridges in London a couple of weeks ago to see how a master of retailing approaches the challenge. Below are my thoughts on some simple rules department stores need to follow if they are to attract and entice shoppers. As I say in the slides, not every department store can afford to be like Selfridges. But it is possible to apply all these ideas in a diluted way. Department stores should be magical places to shop. Too many are not. They’ve lost the art and science of good department store retailing. And in the process, they've lost customers and market share. (LinkedIn compresses images in the carousel which makes them look grainy; so the best way to view them is to download the PDF or make the slides full size and select accessibility mode - this shows them at proper resolution). #retail #merchandising #departmentstores

Today is International Stress Awareness Day! How are you managing stress? In all things there must be a balance. If you would like more information on how to handle stress, Click the below link: https://loom.ly/qygOCTo #internationalstressawarenessday #stress #awareness #salesandmerchandising #retail #wholesale #fmcg #sales #brandsthrive #merchandising

What is 𝐨𝐟𝐟-𝐩𝐫𝐢𝐜𝐞 𝐫𝐞𝐭𝐚𝐢𝐥? How is it different to full price? 👇 𝐓𝐡𝐞 𝐬𝐞𝐜𝐫𝐞𝐭𝐬 on how they achieve great prices Off price retailers are retail businesses that offer merchandise at lower prices than regular retail stores. It is likely they do not have an ongoing range and the offers might be different in different stores. The keen prices are the savings off-price retailers pass to their customers. 𝘏𝘰𝘸 𝘥𝘰 𝘵𝘩𝘦𝘺 𝘢𝘤𝘩𝘪𝘦𝘷𝘦 𝘵𝘩𝘰𝘴𝘦 𝘴𝘢𝘷𝘪𝘯𝘨𝘴 𝘢𝘯𝘥 𝘧𝘶𝘭𝘭-𝘱𝘳𝘪𝘤𝘦 𝘳𝘦𝘵𝘢𝘪𝘭𝘦𝘳𝘴 𝘥𝘰 𝘯𝘰𝘵? 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 👇 1. A mixture of different buying strategies (overstocks, cancellations, tag-ons, irregular items ✅️ 2. Lean operating models ✅️ 3. Creative buying and merchandising approach ✅️ 4. Low maintenance and operational cost ✅️ 5. Low depth, more freshness and high inventory turnover rate ✅️ The biggest off-price retailers in the world include: J. C. Penney DollarTree Burlington Coat Factory Target Corporation Walmart Marshalls Ross Stores, Inc. TJX (in UK - TKMaxx) Stein Mart #merchandising #demandplanning #retail #pricing

Around 31 US Ted Baker stores and 9 Canada-based stores are set to close as the retailer files for bankruptcy. The #retailer has already closed its e-commerce site. Ted Baker has seen ups and downs in the last few years. What led to its bankruptcy? Our analysis of Ted Baker's historical foot traffic shows the retailer suffered a large hit from the pandemic. Visits dropped by 178% from Q4 2019 to Q2 2020. While visits began to increase afterwards, it wasn't until 2022 when the retailer saw regular visits of over 200,000 to stores per quarter. When Ted Baker began sales after announcing its bankruptcy, visits did increase by 14.8% from April to May 2024. #RetailInsights #RetailNews #TedBaker #Apparel #Fashion #Retail #HighStreet

New report out! Brand Brinkmanship: #Retail reality for brands 🛍 In the bustling aisles of British and Irish supermarkets, a quiet revolution is taking place: people are flocking to own-label products and #discounters are are redefining bargain shopping. But what's behind this shift in #consumerbehavior, and how can brands respond? Read our new study and find out 👉 https://lnkd.in/e-zc-afg

Retail Today / Retail Renaissance: So not all mall retailers are struggling, some have transformed themselves into the hottest brand in years. Abercrombie is on 🔥🔥🔥🔥! Their stock performance last year up 285% 💥💥💥! $4 Billion in sales, +10% growth! Why? They went from hated just a few years ago to loved, by transforming their marketing, appealing to a different demographic and audience. Good old fashion merchandising, product design, fashion, style that appealed to #millennials. This is how you get beyond Fast-Fashion, by building demand for quality products. Under the radar, hundreds of Specialty Retailers are taking a different approach to the demand of cheap products and low prices. Opportunity? Was this what Gap missed? #retail #retailindustry #retailtrends #retailstrategy #retailexperience #merchandising #fashion #style #marketing #stores #shoppingexperience #brandexperience #sales #quality #millenials #genz #abercrombie #gap Abercrombie & Fitch Co.