Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

Why should customers visit stores in which they know exactly what to expect? In order to captivate their guests, stationary stores need a network of creative ideas, event plans, a talent for creating narratives, and a considerable amount of boldness. Therefore, some old dogmas have to be thrown overboard.

London’s scene has a new favorite neighborhood that has long been considered trendy: the multicultural quarter of Shoreditch in the Hackney district in the northwest of the center.

People are key to the success of a retail company. However, in order to ensure operational excellence, new approaches to employer branding are needed in the retail sector. The shortage of skilled workers has been a topic of discussion for some time. The effects of the pandemic have exacerbated the situation in many industries.

What does a family business based in St. Veit an der Glan in Austria, roughly 20 km from Lake Wörthersee, do that has been concerned with time for over 45 years? It creates a paradise of deceleration.

In terms of marketing, they are by far the most powerful generation that has ever existed and could be the most useful when it comes to bringing people back to physical stores.

Retail and wholesale will need to continue to invest in digital, sustainability, and people, says Neil McMillan from EuroCommerce. ACROSS spoke with him about the current challenges facing the retail sector, the differences within the various European markets, and how the sector can deal with labor shortage and find a better e-commerce strategy.

We are all still feeling the social and economic disruption caused by the pandemic. The harsher the global impact, the better we should be able to understand each piece of the entire puzzle. The purpose of this article is to open a discussion on an important topic in retail real estate, based on data and forecasts provided by RegioData Research.

The Retail Village brings new up-and-coming concepts, digital marketplaces, quick-delivery specialists, and DNVB together. This focus on new retail brands and concepts from around the world will be introduced at this year’s show.

The events of the last few years, increased transparency in general, and last but not least, technology and globalization have resulted in a new kind of customer. These new customers are both mature and competent. Retailers would do well to regard them as such.

In order to become the “center of the community”, retail spaces have to offer public services that people want and need, as well as opportunities for people to come together and build community. That entails, among other things, rethinking the tenant mix to generate footfall as well as creating more events and activities that attract people.

Societies have changed, retail has changed, and so must architecture and the real estate industry. “Le 31” has become a model for Redevco’s vision on how to redefine retail and create a connected community of stores, partners, and visitors.

In order to follow and fulfil customer needs, operators of shopping centers also have to support their tenants. Furthermore, integrating online with offline elements, through proptech partnerships, is the path to maintaining a leading position, according to NEPI.

In probably the most famous district of Venice, San Marco, a company has managed to expand in recent months and now operates five stores just minutes from each other: Giobagnara. Two of these stores are right next to St. Mark’s Church, another is located on St. Mark’s Square, not far from Caffè Florian (there is a meeting room on the second floor with a wonderful view of St. Mark’s Square); the fourth store can be found beside Harry’s Bar.

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