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Retail Business Review | Friday, February 03, 2023
The retail industry is reorganizing its approach to customer engagement by redesigning retail spaces, accounting for sustainability, while prioritizing hygiene in brick-and-mortar retail stores.
FREMONT, CA: Retail has been experiencing tumultuous times in recent years. Before the Covid-19 pandemic, the increased competition from e-commerce had already posed a serious challenge to brick-and-mortar retail. According to the National Association of Realtors, retail vacancy rates declined throughout 2021 and ended the first quarter at 4.5 percent.
Brick-and-mortar retailers have reimagined how a brick-and-mortar experience should be for shoppers in response to these challenges. A key component of this has been reorganizing store layouts to facilitate omnichannel shopping.
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Retail space designers will continue to play a key role in the market's transformation as they innovate new formats to meet the needs of brands.
Here are some trends that illustrate how brick-and-mortar retail is evolving to meet consumer demand rather than dying out.
The changing nature of retail: Retail designers must design spaces that motivate customers to shop in-store. Retailers can now create a positive customer experience in their remaining stores more purposefully. Customers will be able to engage more with products and the overall brand experience through smaller footprints, less clutter, and an intuitive layout-all while increasing efficiency and controlling costs.
Redesigning retail spaces: The architectural design of shopping centers is more similar to a town square or main street, with shops centered around a walkable outdoor promenade that maximizes density and incorporates other use cases to complement soft retail as grocery stores and entertainment centers. As major league sports teams capitalize on this trend to build shopping and entertainment districts around their stadiums, they increase their brand awareness and keep their fans engaged to the end of their experience.
Sustainability: Architects are designing new shopping centers that reflect consumer trends by partially tearing down and completely remodeling some malls. Adapting existing structures is also significantly more sustainable than building from scratch. EPA estimates that it will still take approximately 65 years for a newly built, energy-efficient building that uses 40% recycled material to recover the energy lost during demolition.
Hygiene: Retail spaces are increasingly making brick-and-mortar stores more customer friendly by Incorporating touchless features, like restroom fixtures and accessories. Retail designers also prioritize reducing paper towel waste from restrooms, both as a sustainability measure and to keep facilities cleaner and more hygienic. According to an article in the American Journal of Infection Control, there is evidence that culturable bacteria is present on even used paper towels.
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