Saks Fifth Avenue’s Post

Amidst the end of the Q1 24, the demand for Food & Beverage and Apparel & Accessories retailers is showing no signs of slowing down, driving a significant 39.5% and 24.4% of retail transactions, respectively. 🍔👗 As the beating heart of global culture and commerce, Manhattan continues to be a magnet for innovative retail concepts and trendsetting brands. From chic fashion boutiques to tantalizing dining experiences, the diversity of offerings caters to every taste and preference. #ManhattanRetail #FoodandFashion #ManhattanRetail #FoodandBeverage #ApparelandAccessories #RetailTrends

Recently, I read a RetailWire article about Macy’s shutting down 150 of its 500 stores. For those in other parts of the world, Macy’s is a department store chain, and its stores often anchor large shopping malls. However, while that describes more than 25% of its stores, it represents less than 10% of sales. Some might say Macy’s is “trimming the fat” or “getting rid of the dogs.” From a financial perspective, that may be true. But it’s more than that. What they are doing is what any good business would do, and that’s changing to keep up with customers’ ever-changing habits and expectations.  Read more: https://lnkd.in/gSXWBUuv #customerservice #customerexperience #EvolvingCustomerNeeds #ShepHyken

One sure way to tell if a local celebration is coming up is to observe a grocery store. Whether you know which national festivity is coming up or not, you'll be able to spot a pattern: similar colors, similar characters - red for love and Valentine's Day, ghosts for Halloween, flags for independence and national days. But how do retailers know how to prepare their merchandise? Scott Heyer's written an easily digestible yet insightful article about the topic in Retail World Magazine, take a look at pp. 50-51! #Insight #Retail

One sure way to tell if a local celebration is coming up is to observe a grocery store. Whether you know which national festivity is coming up or not, you'll be able to spot a pattern: similar colors, similar characters - red for love and Valentine's Day, ghosts for Halloween, flags for independence and national days. But how do retailers know how to prepare their merchandise? Scott Heyer's written an easily digestible yet insightful article about the topic in Retail World Magazine, take a look at pp. 50-51! #Insight #Retail

🌟 "𝐂𝐨𝐟𝐟𝐞𝐞 𝐚𝐧𝐝 𝐂𝐮𝐥𝐭𝐮𝐫𝐞: 𝐓𝐡𝐞 𝐒𝐭𝐚𝐫𝐛𝐮𝐜𝐤𝐬 𝐁𝐫𝐚𝐧𝐝𝐢𝐧𝐠 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 𝐒𝐭𝐨𝐫𝐲" 🌟 Starbucks, initially a small coffee shop in Seattle, Washington, transformed into a global coffeehouse chain largely due to its strong branding and iconic signage. The company's logo, featuring a twin-tailed mermaid known as the Siren, became instantly recognisable worldwide. This distinctive logo adorned Starbucks stores, cups, merchandise, and signage, creating a cohesive and memorable brand identity. Starbucks' signage, characterised by its green and white color scheme and bold, legible lettering, helped attract customers and build brand recognition. Whether displayed on storefronts, interior signage, or promotional materials, the consistent use of signage reinforced the Starbucks brand image as a welcoming, premium coffee destination. Furthermore, Starbucks leveraged its signage to communicate its values and commitment to quality. Messages promoting fair trade, sustainability, and community engagement were often incorporated into store signage, fostering a sense of connection and loyalty among customers. Through strategic branding and signage, Starbucks successfully positioned itself as more than just a coffee shop but as a lifestyle brand synonymous with quality, community, and innovation. This cohesive branding strategy played a pivotal role in Starbucks' global expansion and enduring success. #Starbucks #BrandSuccess #SignageStrategy #Branding #CoffeeCulture #GlobalBrand #CommunityEngagement

Check out your nearby mall and notice how quiet it's become. Between online shopping, the popularity of discount stores, and safety concerns, malls aren't the family hangouts they used to be. Loads of companies are scaling down across different markets, and there are various factors at play. Keep an eye on retail trends as we head into the election year!

Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers. First, Macy’s will have to downsize. The company is closing 150 underperforming stores – 50 by the end of 2024 and the other 100 over the next few years. By 2026, it will prioritize its investment in just 350 Macy’s stores, the company announced. Second, the company will focus on its successful Bloomingdale’s and Bluemercury brands – luxury stores that have outperformed the Macy’s brand. It will open more, smaller versions of those stores over the next several years. It is part of a turnaround effort the store is calling a “bold new chapter,” designed to fend off activist investors and boost the company’s moribund stock price and sales. Macy’s and the entire department store sector have been hit on all sides. Department stores have been pressured by the rise of Amazon, the growing strength of discount chains such as TJ Maxx, and online brands.

Starbucks showing you how brand colours should be used in the smallest details. Observe those brown, white, & green cutting trays. Not only does it look aesthetic but helps majorly with brand recall value. Agree? #starbucks #brandingbasics