Getty ImagesLONDON– The future of physical shops has actually been called into question by the coronavirus pandemic, however professionals think the secret to survival will be reinvention.For some time now, retailers have actually attempted to attract clients by creating experiences in shop, however they now need to get innovative as shopping habits change and clients end up being more demanding.Online shopping has grown given that the start of the pandemic. And experts expect the benefit of purchasing online to indicate customers will continue this practice even after the pandemic.Meanwhile, nearly 50 stores closed every day in the U.K. in 2020, according to accountancy firm PwC.Both trends reveal how essential it is for retailers to get their physical existence right.Kristina Rogers, customer global leader at Ernest Young, informed CNBC in March that there is a “real redefinition” in how retailers utilize their physical areas. Stella McCartney, the British style designer, is including various regional businesses in her flagship store on Old Bond Street, London, to celebrate the lifting of restrictions for sellers in the U.K. Guess, on the other hand, is about to open its very first pop up store in Germany for Activewear.Pop-up spaces enable merchants to produce something “actually fresh” while saving on expenses, Cohen said.

Getty ImagesLONDON– The future of physical shops has actually been called into question by the coronavirus pandemic, however professionals believe the key to survival will be reinvention.For some time now, retailers have actually attempted to bring in consumers by developing experiences in store, but they now require to get creative as shopping habits modification and clients become more demanding.Online shopping has actually boomed given that the start of the pandemic. And experts expect the convenience of purchasing online to suggest consumers will continue this practice even after the pandemic.Meanwhile, practically 50 shops closed every day in the U.K. in 2020, according to accountancy firm PwC.Both trends show how important it is for retailers to get their physical existence right.Kristina Rogers, consumer international leader at Ernest Young, informed CNBC in March that there is a “genuine redefinition” in how retailers utilize their physical areas. Getty ImagesShe highlighted how Target, one of the largest sellers in the U.S., has actually decided to have a bigger space in its shops for Apple items.” One way for retailers to stand out is by focusing more on pop-up shops. Stella McCartney, the British style designer, is featuring various local services in her flagship shop on Old Bond Street, London, to celebrate the lifting of constraints for sellers in the U.K. Guess, meanwhile, is about to open its very first pop up shop in Germany for Activewear.Pop-up areas enable retailers to create something “truly fresh” while saving on expenses, Cohen stated.

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