Gift Shop® Plus’ Post

Garnet Hill is latest "DTC" retailer to announce entry into the brick-and-mortar market. "Garnet Hill has opened at Legacy Place, an outdoor shopping center in Dedham, Mass. The new outpost offers the best of the brand’s apparel and home textiles offerings. It also includes a bedding design center where customers can coordinate and layer their favorite combinations of fabrics, colors and patterns, with the help of store design associates." The trend of DTC brands migrating to brick-and-mortar continues as I am seeing press releases on a weekly basis. Brand awareness, customer acquisition and inventory management are several of many key elements that attract DTC retail to make this move. Retail is alive and well and continues to evolve at a breakneck pace! #retailnews #retailtrends #retailstrategy #retailrealestate #retail #dtc #dtcbrands #cre #shoppingcenters https://lnkd.in/ekQGhkj2

𝑾𝒉𝒆𝒏 𝒄𝒆𝒓𝒕𝒂𝒊𝒏 𝒄𝒐𝒏𝒄𝒆𝒑𝒕𝒔 𝒂𝒓𝒆 𝒃𝒆𝒕𝒕𝒆𝒓 𝒍𝒆𝒇𝒕 𝒂𝒍𝒐𝒏𝒆 Buying the right merchandise has everything to do with knowing your customers, as the following example clearly shows. This case involves a store that is in a prime location, has first-class floor layout, visual merchandising, and a good selection of exclusive home décor items. Its fashion goods, for both men and women, are considered avant garde and, while its imported (indent) brands are perhaps too expensive for the young clientele for which it caters, these pricing issues are balanced out by offering affordable private brands. The store was ranked number one when it came to the “fashion in department store” category. Its in-house brands were featured in all the fashion magazines and newspapers, and people went out of their way to buy them. Despite all of this, however, the store was not very profitable. I believe that the problems began with “the move.” A decision was made to expand into a brand new mall. The move entailed moving its in-house label standalone store to these new premises. The new concept store—big, beautiful and expensive-looking on a grand scale—was the talk of the town for a while but turned out to be a flop. The store, in all its beauty, aspired to appeal to the more affluent customer, causing it to lose its core middle-class customers. The store looked expensive, that was the way it was perceived by shoppers, even though this was not reflected in its prices. In all of this, the store’s private brands suffered. The new location weakened the concept. In the previous location, the in-house brand was handled very much like a boutique. It had a boutique atmosphere, with boutique clothes and accessories, and a brilliant shoe selection. The customers who shopped there were not shopping in a department store; they were shopping in a boutique that was associated with a department store. By moving this concept to be a part of the department store in the new location, it lost its special appeal, becoming just another clothing department in another department store. The up-market concept in this case was a very expensive lesson, and a concept that should have been left alone. What’s the point in striving to be different when “different” is not what your core customers are shopping for? #reading #retailmanagement #retail #merchandise #product #categorymanagement #bewise

Looking for some visual merchandising tips? Here are some thoughts on the virtues of mass merchandising from the Specialty Shop Retailing blog. #independentretailers #shoplocal #visualmerchandising #retailing #smallbusiness

With so many different floor layouts to choose from, it can be a challenge to know which one works best for your retail store. Learn about the 4 best types of retail floor layout designs for clothing stores and boutiques. https://lnkd.in/gDgJ7KcC #retailmarketing #retailbusiness #smallbusinessaustralia #retaildisplay #storedisplay #visualmerchandising #UniSlot #apexdisplay #blog #readmore #visualmerchandising #visualmerchandisingdisplay #storedesign

Elevating the pop-up concept:  Nordstrom "The Corner" redefines the concept of Curated Partnership. Here are some thoughts: Focus on size and experience: Dedicating 2,000 square feet for Bode is a significant investment. It suggests Nordstrom is serious about creating a truly immersive experience, not just a quick product display. Curated partnerships: The choice of Bode for the inaugural launch is interesting. Their unique, handcrafted aesthetic seems like a good fit for this type of presentation. Elevating the pop-up concept: By offering exclusive pieces and a focus on the brand's story, this takes pop-up shops beyond just limited-edition product drops. It creates a destination for brand enthusiasts. It will be interesting to see how this concept evolves and what other brands Nordstrom partners with for The Corner in the future. Could this be a way for them to attract new customer segments or highlight up-and-coming designers? #popupstore #retail #curation https://lnkd.in/ddnHkwMt

The not so unexpected closing of the Matches closet It was a head scratcher as to how Mike Ashley was going to turn this around. With so much competition in the luxury space. The continuous discounts for customers to drive sales just meant smaller margins to meet supplier commitments. With an over bloated stock range. And when you see their own brand Raey deeply discounted at sales time, it was a sign that their target customer just wasn’t converted. At those prices people were just going to opt for the establish designer instead. Who knows if another investor will come along, but if Ashley is saying the job to turn around is too great, the odds are looking very slim. The lessons learnt for e-comm? 1. Stop over discounting 2. Reign in your buying team. Plus, stop buying low margin assessories from highstreet brands when you are in the luxury space. 3. Leading on from 2 - this will also reduce the complexity of stock management and costs. 4. Stop over promising with quick deliveries it adds to your employee overheads. 5. You should be charging for premium packing 6. Offer brands deals to use your site as a market pkace and let the brands worry about fulfilment. Reduce your stock exposure. 7. If you are going to have bricks and mortar - make it more accessible. The townhouse in Mayfair was a huge overhead and was too exclusive for its own good. 8. Avoid doing your own brand, especially when it it clear you are ripping off trends from your suppliers. #ecommercetips #fashion #luxuryfashion #luxurybrands #sportsdirect #ecomm #fashionretail #businessnews #luxuryretail #britishretail #matchesfashion #luxecomm #clothingindustry #ownbrand #ownlabel https://lnkd.in/e5Q7QciF

It’s that time of year when seasonal restocking begins to creep up on us in the #retail and #ecommerce industry. As you prepare for the busy season ahead, we understand that choosing the right products for your customers can sometimes feel overwhelming. After years of working with countless boutiques and retail partners to find the perfect products for their seasonal needs, here are 5 tips to simplify your seasonal restocking process and save you time. Check them out: - Plan Ahead: Start by creating a restocking calendar for the entire year. This helps you anticipate busy seasons and plan your orders in advance, ensuring you never run out of popular items. - Analyze Sales Trends: Look at past sales data to identify best-selling items and seasonal trends. Focus on restocking these high-demand products to maximize your sales potential. - Order in Bulk: Our wholesale catalog offers a variety of trendy and giftable items perfect for any season, helping you save money on large orders. Learn more here 👉https://lnkd.in/eJ_6XsBq - Diversify Your Inventory: Stock a mix of staple products and unique, seasonal items. Deny Designs' wide range of artist-designed products, from vibrant art prints to stylish home decor, ensures you have something for every customer. - Streamline Merchandising Changes: Make merchandising transitions easier by grouping similar products together. Use coordinating items in a variety of sizes, price points, themes, and color palettes to create eye-catching displays that can be updated quickly and efficiently. We’re excited to support you with high-quality, trend-forward products that keep your store looking fresh and inviting. Feel free to reach out to learn about how Deny Designs can help you with seasonal product curation. Here’s to your success! #Wholesale #Merchandising #RetailTips #SmallBusiness

It’s not just you—online retail has gotten difficult for manufacturers. BrandJump is in Furniture Today this week talking about the complexity of the channel and the expertise required to be successful. But more importantly: Among that challenge is a real opportunity to get it right and make your brand stand out. We'll tell ya how:

In the dynamic home furnishings market, excelling in merchandising is key for companies to stay ahead. Mastering product knowledge, consumer behaviors, channels, timing, pricing, promotions, and replenishment is crucial for driving value and gaining a competitive edge. I recently found an insightful article on McKinsey & Company Retail Insights that, although focused on fashion companies, is highly relevant to all product categories, including home furnishings. Given the current economic landscape and unprecedented uncertainties, understanding and adapting to shifts in the merchandising model are vital for retailers and brands. As Merchants, navigating these changes and reacting strategically can pave the way for stability and growth in our businesses. The article highlights six significant shifts in the merchandising model: - Less is more during economic uncertainty - Consumer demand for newness and storytelling - Increasing importance of sustainability - Evolution and convergence of distribution channels - Data and insights are essential assets - Challenges in finding good talent For further insights on strategies to address these shifts and capitalize on them, I recommend reading the full article. Stay informed, adapt, and thrive in the evolving landscape of merchandising. #RetailInsights #Merchandising #BusinessGrowth

Here is some free game for all the Canadian Licensed Producers looking to occupy in-store real estate. What purpose or value do your pop-up cards serve for retailers? How does your merchandising item add value to their retail space? WHY should a retailer display your items over 100+ options. It usually doesn't fit the brand, The flyers are flimsy, It becomes hoarded junk over time, If you want to occupy prime real estate space inside a retail store, Design or offer an item that has real UTILITY. For example: Branded carpets, display cases, fridges, They are more expensive but these items will stay there for good. You'll establish better relationships by showing an extra level of thought. You have to put yourself in their shoes How does this benefit? Does it save them money? Improve the overall aesthetic of the space? Find a way to INTEGRATE yourself into their retail space seamlessly. Give first, ask later. #cannabis #merchandising #marketing #branding #spiritleaf #scarborough #morningside #strategy