This article possibly contains original research .(October 2012) |
Pop-up retail, also known as pop-up store (pop-up shop in the UK, Australia and Ireland) or flash retailing, is a trend of opening short-term sales spaces that last for days to weeks before closing down, often to catch onto a fad or scheduled event.
The modern trend of pop-up retail started in Los Angeles in the late 1990s, and went on to become used internationally, being particularly popular in the United States, Canada, United Kingdom and Australia. Pop-up retail was an increasing factor during the retail apocalypse of the 2010s, including seasonal Halloween retailers who operate stores in vacant spaces during the season. In 2018 the pop-up industry was estimated to be worth $50 billion. [1]
The term pop-up retail can be traced to the late 90s, although temporary retail options, such street markets and fairs, have existed for centuries [2] European Christmas markets, seasonal farmer's markets, holiday fireworks stands, Halloween costume shops, consumer expos, and event-specific concessions are other examples of temporary retailing.
The Ritual Expo was one of the first iterations of the modern pop-up retail store. [3] Not yet referred to as pop-up retail, the 1997 Los Angeles event was created by Patrick Courrielche and was later branded as a one-day "ultimate hipster mall.” The event quickly caught the eye of large brands that saw the potential of creating short-term experiences to promote their products to target audiences. AT&T, Levi-Strauss, and Motorola worked with Courrielche to create pop-up shopping experiences across the country to market their products to young audiences. [4] [5] [6] [7] [8]
In November 2002, discount retailer Target took over a 220-foot-long boat at Chelsea Piers for a two-week stay on the Hudson River that coincided with Black Friday. [9] Vacant, a Los Angeles, California based business specializing in pop-ups, arrived in New York in February 2003, working with Dr. Martens on a pop-up space at 43 Mercer Street. [10] [11] [12]
Song Airlines opened a pop-up shop in New York City in 2003. Comme des Garçons opened, for one year, a pop-up shop in 2004 with the 'Guerrilla Shop' tag. Trendwatching.com claims to have coined the term "Pop-Up Retail" in January 2004. [13] In November 2013, Samsung opened a pop-up shop in New York City's Soho area that worked as a brand experience space. The temporary pop-up space was extended and eventually became a permanent retail space. [14] In July 2015 Fourth Element opened the world's first underwater pop-up shop at a depth of 6 metres / 19 feet at TEKCamp.2015 in Somerset, England. [15]
Other brands that have developed pop-up shops as part of their campaigns include Kate Spade, Gucci, Louis Vuitton and Colette.
Pop-up Retail began extending into other genres around 2009, when the Pop-up restaurant - temporary restaurants popping up in various locations - began growing in public interest and frequency. [16] Just as car manufacturers are using the concept for the presentation and sale of new models. Suppliers of classic cars also offer vehicles in Classic Cars Pop-Up Stores. [17]
The trend is also widespread in the UK, where landlords have used the trend to fill vacant space. [7]
Newbury Street in Boston has recently become a hotbed for pop-up retail, hosting temporary storefronts for Martellus Bennett, Cotton, Kanye West and other local brands. [18]
A pop-up retail space is a venue that is temporary: the space could be a sample sale one day and host a private cocktail party the next evening. The trend involves "popping up" one day, then disappearing anywhere from one day to several weeks later. These shops, while small and temporary, are used by companies to build interest in their product or service, and seed their product with cultural influencers. Pop-up retail allows a company to create a unique environment that engages their customers and generates a feeling of relevance and interactivity. They are often used by marketers for seasonal items such as Halloween costumes and decorations, Christmas gifts and Christmas trees, or fireworks. [19] The pop-up retail model has also been used on the concert scene, as at the Treefort Music Fest, to provide all-ages or family friendly venues, often at restaurants or vacated retail establishments which do not routinely host musical acts; these ephemeral establishments are known as pop-up venues. [20]
There are various benefits to pop-ups such as marketing, testing products, locations, or markets, and as a low-cost way to start a business. Some pop-up shops, such as Ricky's and other Halloween stores (like Spirit Halloween), are seasonal, allowing brands to capture foot traffic without committing to a long-term lease. [21] Other brands use pop-ups to create engagement, such as Marc Jacobs Tweet Shop's exchange of "social currency" for free product, [22] and King and McGaw who used a pop-up to exhibit and sell prints from the Mourlot Studios in Soho, London. [23]
This concept has also spread into other countries such as Australia. For example, H&M Australia made pop-up stores in 2015 and Uniqlo did it in 2014 to test the market. [24] [25]
A convenience store, convenience shop, bodega, corner store, corner shop, or superette is a small retail store that stocks a range of everyday items such as tea, coffee, groceries, fruits, vegetables, snacks, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers and magazines.
A supermarket is a self-service shop offering a wide variety of food, beverages and household products, organized into sections. This kind of store is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or big-box market. In everyday United States usage, however, "grocery store" is often used to mean "supermarket".
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers.
Spencer Gifts LLC, doing business as Spencer's, is a North American mall retailer with over 600 stores in the United States and Canada. Its stores specialize in novelty and gag gifts, and also sell clothing, brand merchandise, sex toys, room decor, collectible figures, fashion and body jewelry, and fantasy and horror items. The company also owns and operates a pop-up seasonal retailer, Spirit Halloween.
Merchandising is any practice which contributes to the sale of products to a retail consumer. At a retail in-store level, merchandising refers to displaying products that are for sale in a creative way that entices customers to purchase more items or products.
Yorkdale Shopping Centre, Yorkdale Mall, or simply Yorkdale, is a major retail shopping centre in Toronto, Ontario, Canada. Located at the southwest corner of the interchange between Highway 401 and Allen Road, it opened in 1964 as the largest enclosed shopping mall in the world. Yorkdale is currently the third largest shopping mall in Canada by floor space and has the highest sales per unit area of any mall in Canada, with current merchandise sales levels at roughly CA$1,905 per square foot. At 18 million annual visitors, it is one of the country's busiest malls. Many international retailers have ventured the Canadian market initially at Yorkdale.
Newbury Street is located in the Back Bay area of Boston, Massachusetts, in the United States. It runs roughly east–west, from the Boston Public Garden to Brookline Avenue. The road crosses many major arteries along its path, with an entrance to the Massachusetts Turnpike westbound at Massachusetts Avenue. Newbury Street is known for its retail shops and restaurants.
The Disney Store is a chain of specialty stores created on March 28, 1987 and sells only Disney related items, many of them exclusive, under its own name and Disney Outlet. It was a business unit of Disney Consumer Products with the Disney Experiences segment of The Walt Disney Company conglomerate.
A store-within-a-store, also referred to as store-in-store or shop-in-shop, refers to a space within a larger retail store, designated for use by a specific brand to feature its products, clearly branded with signs and other branding elements like color, materials, layout, etc. Such a space may be a section of the main area of the store, or it may have the form of an enclosed store with "walls" an entrance, much like a store in a shopping mall.
A showroom is a large space used to display products or show entertainment.
Digital signage is a segment of electronic signage. Digital displays use technologies such as LCD, LED, OLED, projection and e-paper to display digital images, video, web pages, weather data, restaurant menus, or text. They can be found in public spaces, transportation systems, museums, stadiums, retail stores, hotels, restaurants and corporate buildings etc., to provide wayfinding, exhibitions, marketing and outdoor advertising. They are used as a network of electronic displays that are centrally managed and individually addressable for the display of text, animated or video messages for advertising, information, entertainment and merchandising to targeted audiences.
Uniqlo Co., Ltd. is a Japanese casual wear designer, fast-fashion manufacturer and retailer. The company is a wholly owned subsidiary of Fast Retailing Co., Ltd.
Google Store is a hardware retail store operated by Google that sells Google Pixel devices, Google Nest products, Chromecast dongles, Fitbit devices, and accessories such as earbuds, phone cases, chargers, and keyboards. It also sold Nexus, Daydream, Stadia and Cardboard devices until their discontinuations. Google Store sells products made by Google or made in collaboration with that company. It was introduced on March 11, 2015, and replaced the Devices section of Google Play as Google's hardware retailer. It is overseen by Ana Corrales, who is also the COO of Google's Devices & Services division.
Steve & Barry's was an American retail clothing chain, featuring casual clothing, footwear and accessories. Headquartered in Port Washington, New York, the chain operated 276 stores in 39 states before liquidating throughout 2008 and 2009.
Visual merchandising is the practice in the retail industry of optimizing the presentation of products and services to better highlight their features and benefits. The purpose of such visual merchandising is to attract, engage, and motivate the customer towards making a purchase.
Superdrug Stores plc is a health and beauty retailer in the United Kingdom, and the second largest behind Boots UK. The company is owned by AS Watson Limited which is part of the A.S. Watson Group. It was acquired as part of the buyout of Kruidvat BV in October 2002. The A.S Watson Group is itself part of the Hong Kong conglomerate CK Hutchison Holdings.
Spirit Halloween Superstores, LLC is an American seasonal retailer that supplies Halloween decorations, costumes, props and accessories. It is the USA's largest Halloween retailer. It is currently owned by Spencer Gifts. It was founded in 1983 and began in the Castro Valley "Village Shopping Center" in the San Francisco East Bay Area, California, and has headquarters in Egg Harbor Township, New Jersey. In 1999, the store had 60 seasonal locations. Today, the pop-up retailer opens over a thousand locations across the United States and Canada each Halloween season.
MINISO Group Holding Limited, trading as MINISO is a Chinese retailer and variety store chain that specializes in household and consumer goods including cosmetics, stationery, toys, and kitchenware featuring IP design. Its headquarters are in Haizhu District, Guangzhou. In 2023, the company's sales revenue reached $1.9 billion. In March 2019, MINISO began a collaboration with Marvel Entertainment to sell its branded products.
The retail format influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run stores, but large retail chains are increasingly dominating the sector, because they can exert considerable buying power and pass on the savings in the form of lower prices. Many of these large retail chains also produce their own private labels which compete alongside manufacturer brands. Considerable consolidation of retail stores has changed the retail landscape, transferring power away from wholesalers and into the hands of the large retail chains.
Zuckercreme is a bakery, cafe, and market in Portland, Oregon's Montavilla neighborhood, in the United States.
Ricky's Costume Superstore in New York City was ready for Halloween