Serta Simmons Bedding, LLC’s Post

In the dynamic landscape of retail, travel retail cannot afford complacency. In his latest blog, my esteemed colleague Marco Passoni highlights a compelling call to action: as domestic markets evolve, we must prioritize innovation, experience and brand partnerships to maintain our distinctive edge. Travel retail must adapt, or risk being left behind. I invite you to read more insights below: #travelretail #businessdevelopment #retailexcellence

Approximately 1/7 or 15% of Americans played golf last year, as reported by the PGA. The game's popularity is soaring, with innovative platforms like Topgolf and DriveShack democratizing access to the sport. With the sports rise in popularity TravisMathew has emerged as the go-to brand outfitting golfers with attire that is stylish and performance-driven. They currently have 49 stores already under their belt and ambitious plans to expand to 70-75 outlets in the coming years, so how do they do it? 🛍️ Self-Branded Retail  They have always had an optimistic retail outlook, even during challenging times. Doubling down on retail during the pandemic. 🏌🏻♀️Launching a women’s line In a game historically dominated by men, TravisMathew launched a women's line in 2022. The response was phenomenal, with that line-up selling out in one month. Today, 60% of the women's line shoppers are men. 🚀 Diverse Distribution Channels TravisMathews strategically operates across multiple channels. From e-commerce to self branded retail, specialty stores like Nordstrom, and big-box retailers such as PGA TOUR Superstore. This flexibility ensures resilience, allowing them to seamlessly navigate ups-and-downs in individual channels. #Retail #RetailStrategy #Realestate #CRE #ICSCLASVEGAS

In the spirit of #MarchMadness, let’s talk #sports! 🏀 In WD Partners latest POV, we explore how DICK'S Sporting Goods has embraced innovation to stay ahead in a rapidly changing retail landscape. From redefining the #instoreexperience to meeting evolving customer needs, there's much to learn from their approach. Don't miss out on the opportunity to gain valuable insights that could shape your #retail success. Check out the #POV below!

Brilliant. Simple. Eye-Catching.

Absolutely love love love this series the team is doing. Each episode, they are taking a brand with a loyalty program. Breaking down the program and analyzing it against current trends and best practices. It's been amazing to learn which programs are going above and beyond and which have a good deal of green field to improve. HINT - it's not the ones you'd expect! Check out this one about Nordstrom's Nordy Club. Its a program we all love. But our experts point out areas where even the one-of-the-best can further excel to get a greater share of their customers wallets. Take a listen. We'd love to hear your thoughts on how they could raise the bar even higher! #customerloyalty #loyaltyprograms

"I appreciate Academy Sports’ cautious approach to opening new stores – slow, steady and deliberate," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Investing more time and effort upfront in site selection and store configuration should improve the probability of success of any new location. Furthermore, their strategy of clustering new store openings to create critical mass in a new market also makes good sense. I would advise Academy Sports’ leadership to analyze store traffic volume and conversion rate performance of their best performing stores and consider these characteristics as they build-out new stores. The important thing to remember is that, opening stores is the easy part – getting the stores to deliver the outcomes required is a different matter. Even the very best store locations won’t be successful if the store team can’t execute effectively." Check out more insights from one of the retail industry’s leading experts - https://buff.ly/3qRfPx2. More great comments on this topic by RetailWire's BrainTrust experts including: Neil Saunders, Ashish Chaturvedi, Brian Numainville, Lisa Goller, MBA, David Naumann, Robert Amster, and Mohammad Ahsen (Socially Ahsen).

Macy's is charting a bold course in retail, evolving with CEO Tony Spring at the helm. By closing underperforming stores and expanding into luxury markets with new Bluemercury and Bloomingdale's locations, they're adapting to consumer demands and edging out competition. Their innovative approach, combining digital strategies with an upscale focus, shows a commitment to both tradition and modernity. As Macy's reinvents itself, it's a reminder that agility is key in today's digitalized market. What are your thoughts on Macy's strategy? #RetailInnovation #Macy's #BusinessStrategy #DigitalTransformation Join the discussion below. Original article: https://lnkd.in/ekZD3huv

The Journey Ahead: Trends in Storekeeping 🛒 Description: As the retail landscape continues to evolve, staying ahead of the curve is essential for success in storekeeping. 🔄 Join us as we explore emerging trends shaping the future of retail, from sustainable practices to experiential shopping concepts. Let’s peek into the crystal ball and prepare for the exciting journey ahead! 🔮 #RetailTrends #FutureOfRetail #StoreInnovation

Leading retail executives from Abercrombie & Fitch Co., Levi Strauss & Co., Under Armour and more share why they believe that 'stores matter' and always will. Check out their insights on why stores enable a more experiential approach than digital and how a more intimate associate experience drives sales across all physical and digital channels. Efficiency and productivity are key to success. Read more on the future of retail predictions here: https://lnkd.in/gvRM-GSC