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Survey: Retailers see need for innovation spending
Retailers are feeling confident about their overall financial situations, but less so about omnichannel investment.
This is a main finding from the 7th annual CIT Group Retail Outlook study conducted among 250 senior middle-market retail executives by Harris Poll. Although respondents are generally projecting growing sales and revenue, many feel significant investment toward innovation in an omnichannel strategy -- including website, mobile and social media channels -- will be needed to remain competitive.
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Restoration Hardware unwraps new retail format
The newest retail concept from Restoration Hardware now has its very own brick-and-mortar home.
The fist standalone RH Modern has opened, in West Hollywood, California, in the heart of the city’s Design District. The 21,000-sq.-ft. store combines both indoor and outdoor space. RH Modern also debuts with its own distinctive 540-page catalog, a dedicated website and national ad campaign.