Retail store space can have myriad uses

GUY YEHIAV | March 22, 2020

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Brick-and-mortar retailers have embodied this concept since the inception of physical stores. The saying is taking on a different meaning for retailers seeking to reimagine the concept of physical stores. No-inventory stores, like Bonobos, are exchanging storefronts filled with large amounts of costly inventory for showrooms stocked with personal stylists, cafés or office space. The concept of the store as a showroom benefits retailers, their customers and their workers. The combination of decreased square footage, lower rents and freed-up cash typically tied up in massive inventories creates new opportunities for all to enjoy. Consolidating most inventory in a few central locations, rather than scattering it across all stores, will increase margin and inventory turns significantly.

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National Retail Association

The National Retail Association (NRA) is Australia’s largest and most representative retail industry organisation servicing over 20,000 stores and outlets. We are a non-for-profit organisation built on strong relationships with our members.

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Spotlight

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