Posts

Showing posts with the label in-store retail

How Brands and Retailers Are Innovating With VR, NFTs, and the Metaverse

Image
  The onset of the pandemic set off a huge move towards eCommerce, since that’s all that was available for a huge chunk of time in 2020 and some of 2021. That’s led to some fascinating and innovative new forays into online shopping experiences. Even so, brick-and-mortar is far from dead, and some are doing intriguing, nontraditional things — everything from VR to NFTs to the metaverse — with their online and in-store retail presences. That’s the takeaway from “ Experiential Retail ,” a CES 2022 panel on Thursday that took place live and in-person in Las Vegas and was also streamed on the event’s digital. ces.tech streaming portal. It began with a presentation by NPD Group Chief Commercial Officer Tim Bush, who was clear about one thing: “Brick and mortar is not dead.” Bush listed several reasons why: Stores have “raised their digital game,” while instituting such omnichannel practices as buying online and picking up in-store (BOPIS). This has especially become the case as eCommerc...

Audio46: a Headphone Emporium in Midtown Manhattan

Image
  Situated in the heart of New York City, on a Midtown block on 46th St. off Fifth Ave. that is normal l y populated by a constant pedestrian stream of office workers and tourists, is  Audio46 , a  Dealerscope   2021 Retail Excellence Award honoree. But while the pandemic has somewhat affected  in-store retail  foot traffic these past 18 months, Tony Aama, Audio46’s vice president, says business is healthy and booming. That, he says, is due to both his many loyal, longstanding customers who appreciate the huge selection of pro and consumer headphones and other audio gear he carries, and to the store’s formidable online domestic and international presence. Audio46 started out primarily as a B-to-B  brick-and-mortar store  focused on  cameras , and then took a different turn in the aftermath of the 2008 global financial crisis, when Aama added online sales capability in 2009. And in 2013, he continues, “we noticed another shift — we were gettin...