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	<title>Goldsmith Strategic Services &#187; Retail Shopping</title>
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		<title>Retail Space Innovations</title>
		<link>http://www.goldsmithstrategicservices.com/blog/trends/retail-space-innovations/</link>
		<comments>http://www.goldsmithstrategicservices.com/blog/trends/retail-space-innovations/#comments</comments>
		<pubDate>Wed, 13 Jan 2010 00:09:37 +0000</pubDate>
		<dc:creator>Caryn Goldsmith</dc:creator>
				<category><![CDATA[Trends]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Retail Shopping]]></category>

		<guid isPermaLink="false">http://GoldsmithStrategicServices.com/blog/?p=411</guid>
		<description><![CDATA[take an empty retail space and allow brands to sell their wares/services in a regular mall environment.  We’ve seen this before at the holidays, where an ornament store or a wrapping service takes over an empty storefront; after the holidays, they leave and the space is hopefully rented quickly.  This has been called “pop-up retail” ...]]></description>
			<content:encoded><![CDATA[<p>take an empty retail space and allow brands to sell their wares/services in a regular mall environment.  We’ve seen this before at the holidays, where an ornament store or a wrapping service takes over an empty storefront; after the holidays, they leave and the space is hopefully rented quickly.  This has been called “pop-up retail”  in the past.</p>
<p>But this idea is different.  Their permanent storefront is always turning over new tenants.  Have a new car you want to showcase?  Rent the mall store for a few weeks.  Have a new product line you’re launching?  Rent the space.  No long-term commitment.  Create some buzz (driving traffic to the mall); reach a wider audience at the mall (and have them seek out more product info through other channels, which will hopefully lead to sales).  Sounds promising.</p>
<p>In Glasgow, they&#8217;re trying something similar.  Due to open this year at the Glasgow airport is &#8220;planeshop.&#8221;  The company website describes planeshop as “a permanent shop with a flexible concept. Brands takeover planeshop for a limited time, so there will always be something exciting to see.”</p>
<p>Last week’s<em> Los Angeles Business Journal</em> highlighted a variation on this theme.  The Glendale Galleria, a very popular shopping mall north of LA, between Pasadena and Burbank, is showcasing local talent.  Called “Local Collection,” it’s a consignment shop for local designers who otherwise might not have any retail presence; the focus is on jewelry, apparel, and housewares.  The hope is that if a designer does well, they might open a small shop in the mall (openings are readily available).  Thirty designers were picked by mall management from among the 100+ applicants.  The designers don’t pay rent, but split sales 50-50% with the mall.  It turns out that the mall is earning very close to what it would have from a full-time tenant.  In my view, it’s Etsy.com come to life.</p>
<p>These trends tap into a resurgence of interest in “local” &#8211; local designers, locally-grown produce, local places to meet friends and socialize.  What’s your take on this?  Do you see this as a trend that will last and will complement online retailing?</p>
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