Electronics brands stay competitive with gallery-style retail spaces
Implications - As consumers become increasingly savvy with online shopping, many electronics brands are emerging with showroom-style retail spaces that provide an immersive exploration of devices and their operating systems. Linked to the progression toward retail concepts inspired by contemporary art galleries, this shift also demonstrates that some consumers still desire a brick-and-mortar space in which to learn and experience a product before purchase.
Workshop Question - If you were to open a product showroom, which products would you enable consumers to interact with?
Trend Themes
1. Immersive Retail - Creating immersive retail experiences allows for hands-on, tech-centric experiences and attracts attention to drive customized shopping experiences.
2. Experiential Shopping - Experiential tech retailers allow guests to experience next-generation technologies with interactive displays, making the space far more interactive than the average store.
3. Productless Megastore - Product-free megastores demonstrate how companies can use retail outlets to deliver an immersive customer experience other than trying to sell consumers products they can easily buy online.
Industry Implications
1. Retail Industry - Investing in immersive retail experiences could draw attention to hands-on, tech-centric experiences and drive customized shopping experiences.
2. Technology Industry - Experiential tech retailers allow companies to showcase next-generation technologies in a hands-on manner.
3. Consumer Services Industry - Product-free megastores, hosting different events such as book launches, film screenings and DJ sets, demonstrate how companies can use retail outlets to deliver immersive customer experiences.
