Retail Alliance

A trusted resource for retailers in Hampton Roads.

[Retail Alliance @RetailAlliance]

Strong retail in the form of attractive spaces and places is key to creating opportunities for community engagement and human interaction in the Age of Dispersion. -Matthew Wagner, Ph.D, Chief Program Officer at the National Main Street Center, Inc. #retailmatters #retailalliance

[Retail Alliance @RetailAlliance]

How to build resilient businesses? Continue to shift BRICKS businesses to BRICKS AND CLICKS businesses and leverage movement toward social commerce. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

How to build resilient businesses? Build greater connectivity between businesses. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Expect retail store sizes to shrink. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

It’s getting more and more expensive to market to consumers online than it is with a bricks and mortar stores. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Top pivot to consider as a retailer: artificial intelligence. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Top pivot to consider as a retailer: social commerce. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Top pivot to consider as a retailer: shared spaces for micro-retailing. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Top pivot to consider as a retailer: extend your reach with pop-ups, mobile, events, markets, e-platforms. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Top pivot to consider as a retailer: create small-scale production opportunities. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Top pivot to consider as a retailer: add subscription services. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

The needs to be flexible, to be agile, are really great right now. Why? The pace of change is so fast. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Economic, consumer and technology trends drive retail business shifts. Remote working has increased, we’re doing more in telehealth, automation is growing. Because of that, we’re looking for engagement. In a STORE. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

SMS growing in marketing importance. Open rates for text messaging is as high as 98% and the time to make a decision is shorter. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

We’ve done some shifting in how we spent since the pandemic, moving from home to personal services and experiences. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Buy now. Pay later. Nearly 40% of people now use buy now, pay later. Millennials and Gen Z expected to keep pushing this trend. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

35% of people say they would shop online more if they could virtually try a product before buying it. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Consumer trends impacting retail: habits we formed during the pandemic, like outdoor dining, pick-up orders, exploring online and then buying in person. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

If you are a BRICKS and CLICKS business, it’s likely you could grow at 1.5 times the rate of a standalone bricks OR clicks business. #retailmatters #retailalliance #virginiaretail

[Retail Alliance @RetailAlliance]

Why does retail matter? Because it doesn’t always have to be transactional. #retailmatters #retailalliance #virginiaretail