Retail Innovations

ikea
IKEA is trialling an augmented reality app to help you get an idea of what products will look like in your home, before you buy.
‘But IKEA is only one pioneer among many. As soon as 2020, 100 million consumers will be shopping in AR online and in-store.’
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ASOS
Online retail store ASOS is testing Augmented Reality technology through Instagram’s new update.
‘Retailers are looking at how they can embrace the latest update to the Instagram app which allows all users to create videos and photos with augmented reality (AR) effects’
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Cashless
Are cashless stores the way of the future?
‘It’s not just Singapore that’s experimenting with these cashless stores – Amazon came out with its cashless and queue-less store, Amazon Go, in 2018.’
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Technology
Data and analytics are changing the in-store shopping experience, benefiting consumers and retailers alike.
‘…none of this technological wizardry matters if retailers don’t get the basics right’
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The Strand
Sydney’s Strand Arcade is proving that retail is still alive and well in Australia.
‘It still houses a host of luxurious Australian designers and artisans who say physical retail at the Strand is alive and well’
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Barneys
Barney’s bankruptcy proves beneficial for luxury fashion brands’ future.
‘While fashion brands still like Barneys’ trend-setting vibe, direct sales are far more profitable than wholesale arrangements, and vendors ultimately want to be in control of their own operations and brand experience.’
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Melbourne Retail
Broadsheet shares nine of the best new fashion retailers opening in Melbourne.
‘Between a made-in-Melbourne boutique stocking female-only designers, a tailor-made women’s suit label and a Japanese custom-denim bar, retail in this city is alive and well in 2019.’
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Amazon
Amazon plans to open new physical book stores, expanding offline sales.
‘As Amazon’s online retail growth begins to slow, physical stores could hold promise for the brand.’
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