Now Trending: Amazon’s Brick and Mortar Expansion of New Concept Stores
Although online shopping is extremely convenient, many consumers still want to touch and test out products before they purchase them.
The Retail Trade industry group comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers.
Industry code
RET
Industry Code Full
RET
The Future of Online Shopping Is Social
Social media has a well-established position in the retail industry. Brands and retailers have mastered digital and social media tools to engage their target market throughout the customer journey, from awareness, engagement, purchase and well beyond purchase.
Let’s Get Innovative!
There continues to be a lot of discussion throughout the commercial real estate industry about competition from online retailers and the holes created by failing and downsizing businesses that have traditionally focused on brick and mortar stores.
Sustainable Fashion: A G&S Panel Discussion
On January 13, 2020, Goulston & Storrs PC hosted a panel discussion featuring leaders in the fashion industry’s movement towards more sustainable practices.
CFIUS Jurisdiction over Real Estate Transactions Expanded: Foreign Investors Should Take Notice
The Trump administration continues to expand the powers of the US government to block foreign investment in the U.S. on national security grounds.
2019 Holiday Season Retail Sales Wrap-Up
The holidays are a hectic time for a lot of different reasons. This post will feature a summary of some key findings in the analysis of the 2019 holiday season done by Adobe Analytics.
The Nightmare Before Christmas?
It is a little-known fact that, in 1994, Blockbuster video was the first store to display pre-paid gift cards for sale. Unlike VHS rentals, the gift card industry has only grown in popularity.
2019 ICSC Law Conference Recap
Last week, over 1,500 members of the retail law industry came together at this year’s 49th International Council of Shopping Center (ICSC) U.S. Law Conference. Those in attendance ranged from counsel from outside law firms, in-house counsel, paralegals and many others involved in the retail industry, including several first-time attendees.
Unconscious Bias in the Retail World
Unconscious biases are thoughts and actions formed by our brains creating shortcuts to process the countless pieces of information we encounter daily and are informed by media, news, societal norms, and our experience. Our biases may not even be self-serving.
Go Mega-Mall or Go Home?
While increased occurrences of retail store closures and predictions about the death of the shopping mall are causing mall owners to consider downsizing or repurposing their space, the developers behind American Dream Mall, are doubling down on their use of entertainment space to attract customers.