Retail Insider’s Post

♻️ Is the second-hand market the future of sustainable retail? Or does it come with challenges we can't ignore? 🤔 Join the debate in the latest edition of Retail Face-Off where Glynn Davis and Matthew Valentine dive deep into the pros and cons of the second-hand market. From IKEA's peer-to-peer marketplace to luxury fashion's eco-friendly moves, discover why this market is shaking up retail—and why it still faces hurdles. 🌱🛍️

Worthwhile listen from The Robin Report for anyone interested in Macy's or department stores in general. I agree with my colleagues Robin Lewis and Shelley E. Kohan that one of the big mistakes then Federated made after acquiring all those local department stores, well established and loved in their communities, was to change their name to Macy's. Retailers may be national, but retailing is local. #departmentstores #retailing #localbusiness

Insights into Retail Store - Site Selection criteria's and there pro's and con's. #retailstore #siteselection #physicalstore

When brands think about where to locate their outlets, what do they take into consideration? Who lives in the area? How much foot traffic exists? Local competitors or regulations? Go Inspire Group - A Xerox Company Sales Director Chris Hewitt explains why all these factors and more should be part of a comprehensive approach to optimising store location over at 👉 https://lnkd.in/e2-KvXQG #retail #retailindustry #storeoptimisation #retailtrends

Indeed, the retail landscape is undergoing a significant transformation. The shift towards e-commerce is undeniable, driven by changes in consumer behavior and preferences. While traditional brick-and-mortar stores face challenges, innovative strategies, like blending online and offline experiences, might shape the future of retail. The key lies in adapting to changing dynamics and finding a balance between digital and physical retail spaces. Exciting times ahead

Location, location, location! Latest insight post by Chris Hewitt for UKCousin covers what to consider when you're planning your next physical store 💡

If you’re looking to expand retail operations into a new region—now or in the future—you won’t want to miss this webinar with industry experts. Join us LIVE in your choice of AU or US time zones and walk away with valuable strategies and insights. Join Lafaurie COO & Director of Operations Pablo Lafaurie, Style Arcade CEO & Co-Founder Michaela Wessels, and Style Arcade Consultant and ex-menswear buyer Morgan Polinelli for a deep dive into: 🗺️ Understanding cross-border expansion from a merchandising perspective. 🌱 How to prepare your retail operations for international growth. 🤝 The impact of multi-region and retail presence on CLV. And much more! Style Arcade and Lafaurie will dive into an intriguing discussion about Lafaurie’s growth story and what retailers need to consider when expanding into new regions. Save your place now 👉 https://loom.ly/UWRDIf4 #webinar #stylearcade #globalexpansion

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

The topics Jay Highland covers in this talk continue to come up in conversations with the largest retailers in the world. Where do you see brands adopting "flagship thinking" into their physical and digital retail environments?

⚠️ Again jewellers ⚠️ and pretty much any retailer employing staff, Valentines day is just around the corner so I'm sure you'll have ample staff and your best sellers on shift. But how do you know you aren't missing days throughout the year that require the same level of attention, outside of named holidays? Daniel’s Jewellers could visualize and analyse traffic trends with a focus on power hours. This helped to clarify previous assumptions about when store traffic was up or down, and when to staff its best performers. They also changed which days they were open and closed. Shifting from transaction data to traffic data, they drastically increased their conversion rates, sales and staff hours. Here's the case study: https://lnkd.in/gvZKD2Uv I'm happy to connect if you feel as though this resonates with you. RetailNext #retailanalytics #data #marketing