Find in the news:
BY COUNTRY

3 Ways Retailers Can Step Up Their Game To Compete With Amazon



There are several ways that proactive retailers can insure they remain relevant in the changing retail environment.
Amazon’s meteoric rise from its humble beginnings as an online seller of books is a story for the ages, and the internet behemoth shows no signs of slowing down. The company seems to have its hands in just about everything these days, and some observers are concerned that the company’s continual growth will lead to further declines in the brick-and-mortar retail sector. While that’s certainly a situation to be mindful of, there are several ways that proactive retailers can insure they remain relevant in the changing retail environment. 

amazon delivers fashion

Neil Stern, the partner at McMillanDoolittle, passes along three specific ways that retailers can step up their game in the Amazon age, and there’s a ton of merit to each suggestion. Brick and mortar retail is not dead - nor is it going anywhere anytime soon - but retailers that fail to adapt will certainly have their work cut out for them on the survival front. 

1. Traditional brick and mortar need reinvention

For starters, traditional retailers need to be mindful that it’s beyond easy for today’s consumers to point and click their way to shopping nirvana. 

“If we accept the basic premise that it is easier (and perhaps less expensive) to buy product on-line, there had better be a reason to show up in a store,” shares Neil Stern, adding that “Retailers need to up the ante - they are not simply losing business to Amazon and other online players - they are handing it to them on a platter.” 

Of course, some retailers are already stepping up their game on that front. However, those that are wondering where all of their foot traffic went may want to take a long and hard look at exactly what they offer to entice customers to walk through the door. 

2. Value, convenience, discovery, and experience are all places to play

Next up, there are certain segments of the retail sector that continue to thrive in the e-commerce age. Inside each of those success stories are some valuable lessons that all retailers would be wise to internalize. 

“Value, convenience, discovery, and experience are all places to play,” Neil Stern writes. “Look at who’s still growing store bases and comp store sales - these retailers are highly likely to fall into one of the categories above. While e-commerce will grow, there are plenty of reasons to show up at a brick-and-mortar store.”

3. Omnichannel and new technology

Finally, retailers that have yet to embrace technological advances would be wise to kickstart those efforts pronto. Customers are accustomed to getting what they want when they want it - and in the most convenient fashion available. 

“Physical retailers must embrace digital retailing as a means to further their presence online, drive traffic into the stores and create better customer experiences,” Neil adds. 

In short, there’s still plenty of ways for physical retailers to compete with the Amazon’s of the world, but that requires a willingness to adapt to the times and dedication to fixing the things that aren’t working. 


More about shopping malls in the USA



DAY BEFORE YESTERDAY, Taiwan:
Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
DAY BEFORE YESTERDAY, Israel:
In Israel, a national quarantine begins to operate again from September 18, 2020.
DAY BEFORE YESTERDAY, Sweden:
Shoppers will select goods from different stores in the mall on one website and then pick them up conveniently.
Sep 17, 2020, Spain:
The outlet begins its countdown and fires the starting signal during the "Digital Lighting" event.
Sep 17, 2020, China:
Maison Martell officially opened L'Atelier Martell Shenzhen - a luxury boutique where you can taste and buy exclusive varieties of cognac.
Sep 17, 2020, USA:
The new retail store layout is expected to be very convenient for quickly and safely receiving online orders.
Friend
and Follow
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us