As department stores and specialty shops struggle, malls must offer more diverse nonretail uses to reinvent themselves, writes Managing Director Deborah Weinswig September 06, 2017NEW YORK (September 6, 2017) – With department stores struggling, specialty store closing and retail bankruptcies on the rise, the traditional regional mall format must be reconceived, reconfigured and diversified to […]
Millennials and young families, especially, plan to spend more online than in physical stores this holiday, notes Managing Director Deborah Weinswig August 29, 2017NEW YORK (August 28, 2017) – Expect an Amazon-dominated holiday retail season among U.S. consumers, as the e-commerce giant will be the top destination for shoppers, says “How the US Shops: Where Consumers Will […]
The two global think tanks will produce events throughout Asia Pacific highlighting the effect on and integration of technological innovation into shopping centers and retailers August 29, 2017NEW YORK (August 28, 2017) – As part of a wide-ranging initiative to showcase the future of retail real estate, encourage greater integration of technology in shopping centers […]
Retail analyst John Mercer, who broke news of the trial on Twitter, forecast the model would work well for M&S. “This is a good way to square online grocery with their convenience offer,” he said. “More and more people are buying with Deliveroo and UberEats so it’s tapping that market.” However, he said it was unclear how the economics would work as M&S has not yet set a delivery charge. Similar retailer services - Sainsbury’s Chop Chop and Tesco Now - charge between £4.99 and £7.99. Mercer suggested the click & collect offering could have “much more favourable costs” and meet demand for convenience. (subscription required)
John Mercer, a retail analyst at Fung Global Retail and Technology, said the retailer had chosen a model like Just Eat’s rather than the traditional route taken by the major supermarkets, which requires big basket sizes to be successful. “I think it is sensible that M&S has held off until now because the major grocery retailers have found the economics of home delivery to be very costly,” he said.
Fibre 2 Fashion
The stores in shopping malls make up the leading outdoor goods distribution channel in China, but e-commerce is the fastest-growing channel, according to the report by New York-based research firm Fung Global Retail & Technology. Online sales of outdoor products grew by 61.7 per cent year over year in China in 2014, said the report quoting China Outdoor Association (COA).