Retail Stores
Circle K, a Canada-based convenience store and gas station operator, announced it was partnering with Green Thumb, a leading national cannabis consumer packaged goods company, to sell its products at a handful of Circle K locations next year. About 10 "RISE Express"-branded dispensaries will open adjacent to Circle K stores in various Florida locations, Green…
Ikea U.S. has announced the opening of two new planning studios in the Los Angeles area to increase consumer access to the retailer in the city. In this video interview, Ikea Los Angeles Area Manager Gustavo Tinajero discusses why the home furnishings retailer introduced the new store format, why L.A. is a good fit for the stores, and…
There are few in retail circles who would argue that the role of the store is the same as it ever was. With the rate of change accelerating like never before, consumers are throwing new challenges at retailers faster than they can implement solutions. It’s no wonder that many retailers seem to be in a…
We’ve all witnessed the pandemic’s devastating effects on retail shopping and the significant downturn in customer foot traffic in-store, but experts now point to a major shift in customer behavior. Recent figures, including the consumer stats we’re always monitoring at TrueSource, show that customers are returning to brick-and-mortar locations — some experts even forecast a record sales…
Brick-and-mortar retailers must never lose sight of what the average customer wants. Keeping tabs on shoppers’ most pressing needs is, more than anything else, the recipe for success. Based on Raydiant’s State of Consumer Behavior 2022 report, there are three factors that consumers today most expect from in-store experiences: value, quality products, and convenience. Within…
Bed Bath & Beyond CEO Sue Gove said on a call with investors Wednesday that "in order to accelerate our turnaround," the troubled retailer has secured $500 million in financing, will close select stores, and institute layoffs among its corporate and supply chain staff. In her strategic update to investors Wednesday, Gove said she expects…
From pick-up only parking spaces and curbside delivery services to scan-and-go checkouts and touchless shopping, stores look different now than just a few years ago. Prior to the COVID-19 pandemic, retailers knew they needed their stores to become more than just a point of sale and started to make changes. Over the last two years,…
Providing a great in-store experience for your customers is one of the best ways they can engage with your brand. This could include having an easy-to-navigate store layout, signage for wayfinding, the ability to interact with products, the opportunity to learn from demonstrations or educational events, and technology to help find products and checkout smoothly.…
Retail sales in the U.S. were stagnant in July according to the latest Census Bureau numbers, which analysts say is an indication of inflation's impact on consumer spending. A collective $682.8 billion was spent in July, relatively unchanged from the previous month. The national average gasoline price dropped to about $4.27 per gallon in the…
Although it may feel like the past two years have radically changed retail, many consumer expectations are still the same, just fast-tracked. To meet these expectations, physical stores need to get creative with crafting unique experiences, including using pop-up shops, providing exclusive products and experiences, and managing their supply chain and inventory effectively and sustainably.…