Brands open mega flagship stores to entice consumers to stay longer
Implications - As emerging trends in ecommerce have major impacts on brick and mortar retail spaces, retail brands are launching massive flagship stores in order to reposition themselves and create spaces for consumers to spend more time in. Creating a carefully curated environment that is engaging and awe-inspiring, physical retail is moving away from a purely transactional function towards a more inviting strategy that encourages shoppers to hang out and explore. This shift in consumer experience is especially targeted towards younger demographics who respond to more immersive engagement.
Workshop Question - What aspects of your competition can you retranslate and emulate in order to pique consumer interest?