Brick and Mortar news and archive

Sustainable luxury fashion brand Wray opens first brick-and-mortar store in New York

The sustainable, on-trend luxury brand WRAY opened its first brick-and-mortar store at 38 Orchard Street in New York City. By providing one of the most size-inclusive lines in the US, the brand reached an annual revenue increase from 200,000 dollars to 3 million dollars in less than three years. The brick-and-mortar store exceeded revenue...

RetailFeatured

What’s next for modernizing physical retail?

For close to a decade now, brick-and-mortar has been treated like it was some dinosaur that would slowly go extinct. It was like a cow someone was going to put out to pasture. It was your grandparent before you put them in a nursing home. The rise of e-commerce and online shipping did chip away at some of brick-and-mortar’s position as the...

BusinessFeatured

Retail still needs brick-and-mortar stores in an e-commerce world

The havoc that coronavirus is wreaking on the economy is being felt as companies lower their yearly projections and people file for unemployment claims in unprecedented numbers. The fashion industry is not immune to the effects of this, with companies furloughing employees left and right, CEO’s taking major pay cuts, and some stores permanently...

RetailFeatured

Brick and mortar stores still hold weight: Three inspirations

Fashion retail is in a state of disruption and it is becoming all the more important to focus on the strengths of a physical store. How this could work in today's digital age was demonstrated by the managing directors of three German multi-brand retailers at the convention of the BTE Textile Trade Association in Cologne at the beginning of June....

Management

John Lewis shortlists six brick-and-mortar innovation firms

John Lewis has shortlisted six entrepreneurial businesses which it believes will change the way we shop in the future for its JLAB retail innovation programme. The six firms were selected from over 160 candidates - made up of new start-ups and more established businesses - before 11 of them were invited to pitch their ideas to a panel of ten...

RetailFeatured

BDO: 54 percent of brick and mortar retailers say they are merely surviving

Yesterday the National Retail Federation forecasted retail sales to grow between 3.8 and 4.4 percent in 2019. “The underlying state of the economy is sound”, said NRF’s president Matthew Shay in a statement. But today a BDO survey of 300 CEOs, CFOs and COOs from Retail & Consumer Products companies with revenues ranging from 50 million to 3...

RetailFeatured

Brick and mortar still has a future, according to retailers

The first Decoded: Future summit held by Stylus in New York shed light on the evolution of the fashion and retail industries in the age of technology. Despite the fact thatnew, innovative technologies are happening all around us, a panel of retail industry figures sat down early in the summit to discuss the importance of brick and mortar stores...