World Retail Congress news and archive

Report: Retail innovation for a competitive advantage

Today, consumers are used to making online purchases with a single click, whether it be via a social media channel, an app, or a store platform. They expect to receive online deliveries in 30 minutes or less and shop in virtual stores in the metaverse. Rather than physically trying on clothes, they use augmented reality smart mirrors from the...

Retail

WRC 2024: 'We greatly value local consumers', say CEOs of Harrods and Galeries Lafayette

Michael Ward, managing director of Harrods (London), and Nicolas Houzé, CEO of Galeries Lafayette (Paris), have shared their expert advice at the World Retail Congress, the international event for retail professionals that kicked off on Tuesday and concludes its talks today, April 18. Host Selvane Mohandas du Ménil asks the two major retail...

RetailFeatured

International networking: World Retail Congress 2024 kicks off in Paris

The World Retail Congress (WRC) 2024 opened its doors today, April 16, 2024, at the Hyatt Regency Paris Etoile in the French capital. It will run until Thursday, April 18. The event brings together the leaders of the global retail industry to discuss strategies for driving retail success across all sectors. It's a high-level forum for senior...

RetailFeatured

Top 5 Strategies for Successful Retail 2024: Part 3, Invest wisely

In today's ever-evolving retail landscape, balancing immediate hurdles with future growth is crucial for success. High inflation, the lingering effects of the pandemic, and geopolitical tensions present retailers with soaring costs and consumers with financial strains. However, some retailers have flourished amidst these adversities thanks to...

RetailFeatured

Top 5 Strategies for Successful Retail 2024: Part 2, Reforming retail channels

RetailFeatured

Top 5 Strategies for Successful Retail 2024: Part 1 Optimistic Outlook

In today's ever-evolving retail landscape, it's increasingly evident that managing a business requires a fine balance between addressing immediate challenges and paving the path to long-term success. With inflation reaching its highest point over the last three decades, combined with the after-effects of the global pandemic and the ongoing...

Retail|INTERVIEW

"Make a lot of mistakes, quickly but above all, inexpensively", taking stock of the first year of Madrid’s Wow Concept

Almost a year ago Europe’s newest concept store Wow Concept opened its doors for the first time, an innovative proposal that landed on Gran Vía boulevard in Madrid. It marked a new chapter in the career of Spanish businessman Dimas Gimeno who is the former president of department store chain El Corte Inglés and now founding partner and president...

Retail|REPORT Featured

WRC 2023: Retail giants share the industry's key insights

For yet another year, this week the World Retail Congress brought together some of the world's most important leaders in fashion and retail as drivers of consumer trends and representatives of the current state of retail. The 2023 edition of the WRC took place in Barcelona. Experts from retailers such as Mango, Primark, Zalando, Sephora, Spanish...

Retail|World Retail Congress

Mango: "We are working on a ‘passport’ that contains details about the traceability of a product"

Within the framework of the World Retail Congress, which brought together the main leaders of the retail sector in Barcelona to tackle the main challenges of this industry, Luis Casacuberta - General Manager of Mango Woman, Kids & Home today announced that Spanish multinational Mango is working on a type of 'passport' that will allow its...

Retail|World Retail Congress

Frasers Group to launch 'Frasers Plus', the new Amazon Prime?

Speaking at the World Retail Congress 2023, a conference that has taken over Barcelona for a total of three days, Michael Murray - CEO of Frasers Group - announced yesterday that the British retail giant is about to introduce ‘Frasers Plus’ to the UK market in what they have dubbed their own version of Amazon Prime. Frasers Plus is to be a...

Retail|WORLD RETAIL CONGRESS

Sephora reinforces its commitment to omnichannel by posting strong results

After having tested the UK market through its online channel, French cosmetics chain Sephora, owned by LVMH group, landed physically in the UK at the beginning of 2023 with a shop in Westfield London. Just a few weeks after its opening, this shop - covering more than 6,000 square metres and created with the aim of "surprising and delighting...

Retail|World Retail Congress 2023

"Retail is a human business" and prioritising technology is dangerous, experts warn

It seems that the fact that physical shops will soon employ fewer humans was a futuristic idea, but with the advent of the internet and other technological innovations, this Matrix-worthy scenario is no more than the reality today. But what does this mean for the average shopper, and for the retail sector? Yesterday we discussed how retailers'...