Retail discoveries, thoughts and ramblings...
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In a recent consumer survey conducted by TimeTrade, highlights reveal that:
For more, go to www.timetrade.com Yoshihiro Murata is owner-chef of Kikunoi, one of the finest Kaiseki Cuisine restaurant in Kyoto, Japan. In an interview with Channel Japan aired on CNBC, the owner of this 100-year old restaurant reviewed his formula for success; "40% atmosphere, 30% food and 30% service".
The restaurant changes the interior to reflect each passing season through artwork, flower arrangement and other displays that can be altered to change the season. "We have 24 seasons a year," said Murata, who is also Chairman of the Japanese Culinary Academy. His restaurant devotes more space for storage than dining space, these spaces are used to store screens, artwork and custom food containers. The same can be applied to a retail environment. Today's shopping is very much an entertaining process, more precisely, an into-tainment that creates a special atmosphere for the customer. Combined with good service and product/quality, customers are likely to spend.
by Jack Loechner, January 19, 2015
According to new research from Liveclicker, the average order value for customers that watch video on a product page is at least 50% higher than a site’s overall AOV for more than half of the retailers surveyed. Further, retailers with video on most of their product pages have a 68% higher AOV than retailers that have video on just a few of their product pages. Also, if a customer watches more videos, their AOV is higher. Analysis determined that customers that watched 10 or more videos spent an average of $348.52 compared to $159.19 for those that watched just one video -- 119% more. Read more at: http://www.mediapost.com/publications/article/241958/video-on-product-page-increases-order-value-at-lea.html?utm_source=newsletter&utm_medium=email&utm_content=readcomments&utm_campaign=79456 By Piers Fawkes, PSFK on January 21, 2015 in Retail
Curated products at the Wellness Story store have been selected by personalities like Bobbi Brown and David Pogue. Media company Yahoo has partnered with the founders of the rotating themed store, Story, to create an experience that brings to life the voices found on its major publications. It will also provide New York City residents and visitors plenty of Valentine gift ideas. The Yahoo partnership with Story is the latest in a long line of brand collaborations at the store in Chelsea. Previous partners include Intel and Target. The pop-up experience that runs past Valentine’s Day is filled with the recommendations of columnists and editors from its key titles. Curated products have been selected by journalists covering Yahoo’s Health, Food, Beauty, Travel, Parenting, Style, and Tech sections. Yahoo Beauty’s Editor-in-Chief Bobbi Brown’s selection of potential Valentine’s Day gift ideas includes ALOHA daily greens powder; Yahoo Food’s Editor-in-Chief Kerry Diamond recommends Brain Dust from Moon Juice; and Yahoo Health’s Editor-in-Chief Michele Promaulayko is schilling Trigger Point’s foam rollers. Other shopping curators include tech guru David Pogue. Established in 1988, Wanda is the largest mall owner and operator in China. Wanda operates 109 malls across China. FY2013 income was RMB187B (US$30B) and assets of RMB380B (US$603B). Wanda is listed at the Hong Kong Stock Exchange at end 2014 (3699.hk).
For more on Wanda, check out their website at http://www.wanda.cn |