Right merchandise, right time, right price, right service. In this MSA article Susan Tudor explores four guiding principles of strategic shop management to help you stay on track and meet your targets.
Visit Britain is forecasting strong growth for inbound tourism in 2017. Visitor spending is expected to reach £24.1 billion, an increase of 8% on 2016, while the number of overseas visitors is forecast to rise by 4% to 38.1 million. Click here for the full report.
Paul Griffiths, Head of Operations at the Mary Rose Museum explains how he and his team have created an immersive shop experience that flows seamlessly from the museum experience, learning some valuable lessons along the way. Read more here and be sure to catch Paul's seminar at the ACE Convention in March, where he'll be telling us more about the challenges and successes of his recent shop refit.
Arts Council England Chair Sir Peter Bazalgette has given a major speech to the Creative Industries Federation celebrating the ingenuity and business acumen of arts and cultural organisations, with the bulk of larger funded organisations significantly increasing their commercial income in the last year. The creative and cultural sector is resilient, entrepreneurial and increasingly aware that if you are a great business, it frees you to make great art.
A new in-depth feature looks at the vital role that cafés and shops play as brand ambassadors and mission delivery agents. Published by the European Network of Science Centres and Museums, the article draws on views from the Science Museum, the Natural History Museum and the Wellcome Trust, amongst others. Well worth a read - access the full article here.
A new report from The Market Creative investigates how Black Friday impacts on UK shoppers’ Christmas spending habits.
Available here, the report looks at how consumers plan to spend their money this Black Friday, how this will impact on their expected Christmas budget and whether it might influence how much they spend in the January sales.
We are pleased to bring you more insights from The Market Creative. The latest edition of Shopping Uncovered is available at this link. This looks at the role the high street plays in our shopping experience today, providing an in-depth look into how, or if, the in-store shopping experience can stand up to the unwavering success of online shopping.
Our colleagues at the Market Creative, who presented a great session at the Bournemouth Convention, have a great website that keeps us up to date with retail trends in the high street in particular. Today we are posting a link to the latest stats and trends and we will keep you posted with any interesting story lines on this blog - but check out the website for yourself, it has some really good reading there.
Beckford Silk welcomed some exciting visitors this week when BBC One’s Flog It came to film a section for their TV programme. They filmed the entire silk scarf making process, following the silk from it’s arrival to the finishing of the scarf. Director Anne Hopkins showed presenter Paul Martin all the stages of production, filming the screen printing, digital printing, dyeing, washing, steaming and hand rolling. Paul was even kind enough to pose for a photo with our female members of staff!
Watch out for it to be aired on BBC1 in the Autumn.