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Apr 1, 2009
As the economy struggles to get back in shape, what shape might new stores take? Will small store formats, such as Tesco's new, Fresh & Easy grocery stores, OfficeMax's Mini Marts and the just announced, Best Buy Mobile stores, take hold? Or will big box discounters continue to gain more ground? These are some of the essential questions explored in a recently released RetailWire.com/Dechert-Hampe report, "Retail Formats in Transition." It is the first of a series of studies entitled, "Retail:Next."
Economic trends will be a big influence on which retail store formats will prosper and which will fade over the next few years, according to retail professionals. However, tight budgets will not be the only factor, and perhaps not even the most important influence on the types of stores retailers build. In fact, consumer hankerings for convenience, attentive customer service and pleasant shopping environments may trump economic imperatives in driving where consumers choose to shop, and the design of future retail spaces. Here are some highlights of findings from the survey:
An Executive Summary of the RETAIL:NEXT: Retail Formats in Transition study, can be downloaded at: www.retailwire.com/Downloads/RetailFormats_ExecSum.pdf.
Topic: Business Strategies
Related Articles: economy
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