Recent controversy over the U.S. presidential election aside, consumer spending is not expected to diminish over the next few years, a fact which bodes well for the retail environments sector.
With that in mind, an October report in design:retail found 46.5% of surveyed retail CEOs, store planners, designers and visual merchandisers, planned to increase their capital spending over the next year, including a number of renovations and new store openings in addition to those completed in 2016.
Why the growth in brick and mortar stores? Despite the convenience of online shopping, research shows consumers still enjoy the in-person experience. Even Google has amped up its retail presence with a pop-up store in New York, and a recently announced partnering with Best Buy for Google shops in the electronics giant’s stores.
(Click on the infographic to enlarge.)
Information Sources: Shop!, design:retail, Statista, Conlumino USA, MarketResearch.com, National Retail Federation, Kurt Salmon, King Retail Solutions (Consumer Insights), Visual Merchandising + Store Design, and Mann, Armistead & Epperson Ltd.
Category: Store fixtures & interiors includes: display cabinets & cashwraps, POP & full store interiors, kiosks, endcaps, slatwall & systems