A few years ago, experiential retailing was touted as the answer for bricks and mortar stores to compete with online retailers. Some high profile examples like Terrain (the garden/café/store concept owned by Urban Outfitters), Metropark (a clothing chain with DJs… Continue Reading
Every year around this time, retailers announce store closures – many of which are mall-based. This year is no different, with mall-based retail chains including Abercrombie & Fitch, Sears, Macy’s and JC Penney announcing store closings – on top of… Continue Reading
Do you remember the days that teens used to come to the mall not only on weekends, but after school? It’s hard to believe but true – up until about 2008, American teens regularly came to the mall, armed with… Continue Reading
In the 1980s it was leotards and legwarmers. In the 1990s, it was running gear. But for the past 10 or so years, it’s been yoga pants. Ah…yoga pants. Those ubiquitous black stretchy pants paired with a moisture-wicking tank or… Continue Reading
You’ve seen the stats – the 2013 holiday season showed 12% growth in e-commerce and a slowdown of 15% in mall foot traffic. Put them together and the answer is obvious. E-commerce wins and stores and malls everywhere die a… Continue Reading
We’ve all heard about the millennials – at 82 million strong in the U.S, they’re the key demographic for retailers – especially as they are projected to reach $1.4 trillion in annual spending by 2020. We’ve also heard that millennials… Continue Reading