Early access is the hottest new rewards perk. This holiday season, both Walmart and Best Buy announced that they'll offer their loyalty members earlier shopping hours and exclusive access to sought-after gifts, such as game consoles, smartphones and TVs.
Over the past year alone, almost every major American retailer -- Target, Walmart, Kohl’s, Macy’s, and Nordstrom amongst them -- has invested in a shop-within-shop store concept. Modern Retail looked at three reasons brands and retailers are approaching shop-within-shops today: revitalization of stale retail floors, bringing back shuttered brands and speedy brick-and-mortar expansion of trending categories.
Following in the footsteps of competitors CVS and Rite Aid, Walgreens has announced a new strategy focused on medical services. The pharmacy chain, which has struggled to compete as a beauty and skincare destination, is reinventing itself as a healthcare hub.
Modern Retail Summit
Oct 12–Oct 14, 2021
At the Modern Retail Summit, retail marketers will discuss everything from the Amazon effect to new infrastructure to the shift in the direct-to-consumer world.