Gymshark’s Post

Gymshark are reinventing retail with their flagship store. Here are some GCSE business questions Q1. How is Gymshark adding value in its new store in Westfield Stratford? Q2. What are your views of the new Stratford store? Did it make you want to visit? Why? Why not? Q3. What are the likely results of this different approach to retailing by Gymshark? https://lnkd.in/euFipT-D

Yet another #onlineretail giant opting to go "physical". It's further evidence of the demand from consumers for an in-store shopping environment, and also demonstrates the value of experience in #retail. This is such encouraging news for the future of #retail and #retaildestinations. #retailintelligence #retailinsights #consumerbehaviour #highstreets #shoppingcentres #retailparks #tri2024 Rendle Intelligence and Insights

Midsummer Place in Milton Keynes will soon be welcoming two new exciting additions to its line up: Frasers Group's Sports Direct and Lane7. Sports Direct will offer a wide range of sports and lifestyle brands in their 50,000 sq ft store, while Lane 7 will bring their unique entertainment concept to the 40,000 sq ft space.   This expansion and repurposing of space further solidifies Midsummer Place as a top destination for fashion and entertainment, with both brands adding to the diverse mix of current retailers and F&B offerings.   Simon Anderson, Asset Manager at Ellandi “Securing both Frasers Group’s Sports Direct, and Lane 7 for Midsummer Place demonstrates both confidence in the market as well as highlighting the opportunity at Midsummer Place. These brands will complement the recent re-development of The Boulevard F&B quarter. We are transforming the centre, and in addition to the physical changes we are curating a very attractive tenant mix. This brings us one step closer to realising our vision to create a high-end, quality destination.”   Thanks also to Tom Ellams, Senior Asset Manager for getting this over the line. https://lnkd.in/eXiJ9WyN #destinationshopping #repurposingspaces #vibrantshoppingcentres #assetmanagement

🚀🚀🌟🌟Refit Launch Week 🌟🌟🚀🚀 Over the last 3 months I have been managing Market Street during the refit. This has allowed me to see the changes in store with the new style layout of Market Street. In this period I have also been able to improve the processes we currently use and implement the new ways of working. It has been a challenging experience, but extremely rewarding to manage the unique selling point of Morrisons.

"I appreciate Academy Sports’ cautious approach to opening new stores – slow, steady and deliberate," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Investing more time and effort upfront in site selection and store configuration should improve the probability of success of any new location. Furthermore, their strategy of clustering new store openings to create critical mass in a new market also makes good sense. I would advise Academy Sports’ leadership to analyze store traffic volume and conversion rate performance of their best performing stores and consider these characteristics as they build-out new stores. The important thing to remember is that, opening stores is the easy part – getting the stores to deliver the outcomes required is a different matter. Even the very best store locations won’t be successful if the store team can’t execute effectively."

Retail is the most dynamic of all the elements of the marketing mix. It is constantly evolving to provide the customer with unique shopping experiences. This may be the way to SAVE shopping malls and lead to a resurgence of brick and mortar sales! What other retailers will step up and reinvent the shopping experience?

London Designer Outlet’s 10th year saw it break its own performance records across 9 of the 12 months, whilst high street destinations continued to battle the ups and downs of shifting consumer priorities in the face of the cost-of-living crisis.    After a stellar golden quarter performance that saw a best-ever Black Friday, Christmas week, and best year to date, Daniel Tomkinson, General Manager, London Designer Outlet and Matthew Slade, Retail Director at Quintain Limited, spoke with Liz Hamson at BE News to reflect on the successes of the last decade, year, and what’s to come.    Around 28% of brands have been at the LDO since the start. Speaking about the impressive retention rates, Daniel said: “The reason brands stay is really quite simple: they see incredible success at their LDO stores and the value that a presence at our outlet can offer, with a number of our partners reporting them as their best-performing thanks to the combination of our brand mix and discounted prices.” Discussing what’s to come in the next 10 years, Matt said: “The main aim for us is to build on the great success we’ve had in the past year by keeping customer wants and needs at the core of all the decisions and moves we make. “We’re very insight-led, so we know what challenges our shoppers are facing. By providing the right mix of brands and offering an environment with the adaptability to evolve with ever-evolving consumer behaviours, we’re confident the next 10 years will be a success.” Read more on BE News: https://lnkd.in/eH_m2KFh #Retail #Fashion #LondonDesignerOutlet #WembleyPark #Outlets

Solid results from Gymshark - Sales up 15% to £556m - Pre-tax profits down by more than half to £13m - Reduced employees by 170 - Significantly reduced operations in the U.S - New stores planned Ben Francis is now CEO and commented "our fast-growth days are probably long gone after a challenging year" What should Gymshark do from here? Push again for big growth or refine the business to protect their house ? https://lnkd.in/ehsFSrh5

"I appreciate Academy Sports’ cautious approach to opening new stores – slow, steady and deliberate," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Investing more time and effort upfront in site selection and store configuration should improve the probability of success of any new location. Furthermore, their strategy of clustering new store openings to create critical mass in a new market also makes good sense. I would advise Academy Sports’ leadership to analyze store traffic volume and conversion rate performance of their best performing stores and consider these characteristics as they build-out new stores. The important thing to remember is that, opening stores is the easy part – getting the stores to deliver the outcomes required is a different matter. Even the very best store locations won’t be successful if the store team can’t execute effectively." Check out more insights from one of the retail industry’s leading experts - https://buff.ly/3qRfPx2. More great comments on this topic by RetailWire's BrainTrust experts including: Neil Saunders, Ashish Chaturvedi, Brian Numainville, Lisa Goller, MBA, David Naumann, Robert Amster, and Mohammad Ahsen (Socially Ahsen).