Future Retail Newsletter #145

Brits have emerged as the most likely to roll their sleeves up and DIY in quarantine, the smartest ideas from CES 2021 and Manhattan’s worsening retail pain. This and more in this week’s Future Retail Newsletter.

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CONSUMER INSIGHTS // Quarantined Brits Most Likely To Start DIY Projects In Lockdown Brits have emerged as the most likely to roll their sleeves up and DIY in quarantine – but are least likely to finish projects, according to a new study. mediashotz.co.uk Read More

CONSUMER INSIGHTS // Luxury Retail Has Been ‘Comfort Food’ For Some During The Pandemic Saks Fifth Avenue Chief Executive Marc Metrick said luxury retail has been like “comfort food” for some shoppers during the Covid-19 pandemic. cnbc.com Read More

TECH // How Technology Is Transforming The Beauty Industry When stores closed due to the pandemic, brands and retailers engaged consumers via sophisticated augmented reality (AR) and virtual reality (VR) applications, simulating the real-life beauty counter with virtual makeup try-ons, how-to videos, live-streaming and beauty masterclasses. forbes.com Read More

TECH // The Smartest Ideas From The Scaled-Down Virtual CES 2021 Show These innovations were clever enough to make you want to see them in person. fastcompany.com Read More

TECH // Google’s Product Discovery Solutions For Retail Google Cloud is rolling out Product Discovery Solutions for Retail, a suite of services that will use AI and ML to help eCommerce firms deliver personalization. pymnts.com Read More

TECH // Kroger Joins Amazon In ‘Smart’ Grocery Carts In the race to add “smart” shopping carts, Kroger recently rolled out new “KroGO” shopping carts on a test basis at its Madeira, Ohio grocery store. pymnts.com Read More

BRAND HIGHLIGHT // LG Taps Realistic Virtual Influencer To Introduce Its New Devices At CES During its Consumer Electronics Show (CES) keynote, LG tapped a realistic virtual influencer named Reah Keem to introduce some of its new devices. ion.co Read More

RETAIL // Neiman Marcus Closes Walnut Creek Department Store A Neiman Marcus store, located in downtown Walnut Creek’s Broadway Plaza retail and restaurant complex, has shut its doors permanently. mercurynews.com Read More

RETAIL // Manhattan Retail Rents Plummeted in Fourth Quarter Manhattan’s retail pain is worsening as the pandemic drags on, with rents falling in every major shopping district. businessoffashion.com Read More

RETAIL // The Future Of Physical Retail Brand executives explain why they’re still investing in new store locations that are complete with coffee bars and art installations for the post-pandemic landscape. voguebusiness.com Read More

OUTFORM // Newsletter Survey How are we doing? Please take a moment to provide your feedback on our Future Retail Newsletter. outform.typeform.com Read More