It has been a difficult year for retail in 2018, but the high street is not dead. It is simply changing and adapting to meet the needs and demands of today's connected consumer. Take the new Nike stores in LA and New York, for example, which are built on data and driven by digital. Each site seamlessly integrates digital and physical retail, offering spaces and experiences that are both personal and responsive. This, according to Nike, is the future of bricks-and-mortar retail and the experts, it seems, are inclined to agree.
Formats of retail need to be re-imagined within new models of retailing, claims Nathan Watts, creative director at FITCH.
Brands and retailers across all categories face an onslaught of disruption. As a result, many of the traditional retail formats fail to meet the needs of customers.
Shopping centres of the future will be part of whole community developments, comprising residential, hotel, office space, retail and leisure, finds Retail Focus.
30 October 2008: The date Westfield London opened its doors, marking the official arrival of the Westfield brand in the UK capital. Ten years on, the shopping centre has attracted more than half a billion visitors and generated over £16.7 billion in sales.
With a new Town Square and £50 million invested in new brand openings and store refurbishments, London's Bond Street maintains its status as a world-class luxury shopping destination.
Since its foundation in 1700, Bond Street has been the playground of society’s wealthiest most stylish and influential people. Past residents of the street include Admiral Horatio Nelson and Lady Emma Hamilton as well as a number of renowned authors and poets. Today, more than 300 years on, Bond Street remains a much-loved destination for celebrities, socialites and the international jet set.