The 276: pop-up world {Volume 2 Edition 4}
#TuesdayTrivia
What African animal’s name means “river horse”?
Scroll to the end for the answer.
Consumers Changing Desires and Behaviors
- Backup Planners: Supply chain disruptions have prompted shoppers to turn to subscription services or community-group buying.
- Climate Changers:Â Millennials and Gen Z, the largest spending cohort of the future, will use tools to ensure minimal climate impact.
- Digital Seniors: 82% of those age 60+ now own a smartphone and brands should seek to build agile plans directed at both advanced digital seniors and elderly novices.
- Financial Aficionados:Â 57% of consumers accessed a banking service through their smartphones weekly. Given this, retailers should collaborate with financial services corporations to facilitate alternate forms of payment, such as cryptocurrencies or buy now, pay later.
- The Great Life Refresh: Many more consumers now prefer to spend their money on experiences rather than things and feel they can make a difference with their choices and actions.
- The Metaverse Movement: Consumers are embracing immersive, 3D digital services, and 37% took part in online video gaming at least once per week last in 2021. Innovative brands must invest in their AR/VR capabilities.
- Pursuit of Preloved: The desire for sustainability has removed the stigma once associated with second-hand shopping, resulting in growth in secondhand, recommerce and peer-to-peer marketplaces.
- Rural Urbanites: The need for green spaces and the desire for faster and cleaner commutes is reshaping preferences in cities. Brands need to offer flexible brick-and-mortar and online shopping.
- Self-Love Seekers: Consumers in this group believe in being good to themselves. Brands should provide products that help consumers feel fulfilled and self-assured. Investing in AI/other technologies that can drive personalization is a must.
- The Socialization Paradox: Some consumers are eager to return to pre-pandemic life, others have a more cautious attitude. Companies must provide flexible solutions, including those that blend remote work and virtual events with in-person engagement.
#FunFact
83% of Instagram users discover products or services in the app.
#ProTip: Embrace conversational commerce, as it offers a huge opportunity for brands to drive both engagement and revenue. Source: Retail Dive.
#SpacesWanted: Discover Your Next Tenant!
- Toronto, Mississauga, Vaughan | African print clothing, jewelry, home décor and accessories company seeking approximately 1,200 sq. ft. space, ideally with changerooms.
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Calgary | Seeking 400-800 sq. ft. of mall space for an Asian merchandise and baked goods pop-up concept.
- San Francisco (USA) | Youth and girl’s fashion company seeking 300 to 500 sq. ft. of street front or shopping center space in the SF/Palo Alto area.
The latest offering from pop-up go
The latest offering from pop-up go, projeX by pop-up go is a virtual pop-up marketplace and online shopping destination that connects consumers to a diverse variety of small businesses, boutiques, and local retailers, allowing them to discover high-quality, exclusive, and exciting finds. Brands can sell directly to consumers, create virtual pop-up stores, or host digital experiences – all in one place. It’s a great way to launch a new product, test a new concept, or build an online presence.
Interested in being one of the first brands on projeX? Apply now!
Are Social Shoppers Buying into In-App Checkout?
Discover Your Perfect Pop-Up Space! #BrandsWanted
- 1,000 sq. ft. of shared space available for pop-ups in Mile End.
- 4,000 sq. ft. available on Queen West near Trinity Bellwoods Park.
#Vancouver
- 700 sq. ft. of former café space on Robson Street.
What We’re Reading