'Property Of...' Store is Both a Cool Hangout and Retail Establishment
Katherinev123 — October 14, 2011 — Business
References: amarigepanache & retaildesignblog.net
The 'Property Of...' store in Amsterdam is kind of like the "inception" of retail establishments. It is actually a store within a cafe, offering its customers both a laid-back coffee shop in which to hang out as well as a place to shop for stylish accessories.
Combinining a cafe culture with a retail twist, the business was founded by designers and cafe owners Richard Chamberlainand and Peter Teo, who began their accessories line back in 2007. Now, the pair have opened their first flagship 'Property Of...' store in Amsterdam, which reflects their "store in a cafe" origins, says Retail Design Blog. On offer is a collection of modern accessories -- handbags, in particular -- in addition to magazines, notebooks and coffee.
Combinining a cafe culture with a retail twist, the business was founded by designers and cafe owners Richard Chamberlainand and Peter Teo, who began their accessories line back in 2007. Now, the pair have opened their first flagship 'Property Of...' store in Amsterdam, which reflects their "store in a cafe" origins, says Retail Design Blog. On offer is a collection of modern accessories -- handbags, in particular -- in addition to magazines, notebooks and coffee.
Trend Themes
1. Cafe-retail Hybrids - The trend of combining a cafe culture with a retail twist is creating innovative business opportunities.
2. Multi-purpose Spaces - The rise of multi-purpose spaces that offer both leisure and retail experiences presents disruptive innovation opportunities.
3. Experience-driven Retail - The integration of experiential elements with traditional retail concepts is reshaping the industry and opening avenues for innovation.
Industry Implications
1. Fashion Retail - The fashion retail industry can explore the concept of cafe-retail hybrids to enhance customer engagement and create unique shopping experiences.
2. Hospitality - The hospitality industry can adopt the concept of multi-purpose spaces to provide guests with convenient shopping options and enhance their overall experience.
3. Consumer Goods - The consumer goods industry can tap into the trend of experience-driven retail to differentiate their products and build stronger customer loyalty.
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