Retail Asia 2018 JunJuly2018 | Page 19

FOCUS Pop-up retail Top reasons to embrace shops that pop With the explosion of pop-up retail spaces and events, it certainly seems like this temporary format, sometimes referred to as flash retailing, is now a permanent element of the retail industry. Muneerah Bee finds out more from Adrian Chan, co-founder of retail space rental agency PopUp Angels. W hat is the appeal of visiting a pop-up retail store? Adrian Chan: Pop-up stores are most appealing when they deliver an experience that consumers cannot get elsewhere. It is common nowadays to see the same stores and brands across shopping malls wherever you go. Consumers are therefore drawn to stores that offer products and experiences that are different from the usual chain stores. Some instances of pop-up retail include e-commerce retailers opening pop-up showrooms, allowing customers to see and test products for themselves. On the other hand, bricks-and- mortar retailers are opening experiential or new concepts that are different from their permanent retail stores. An example is Chanel’s arcade-themed beauty pop-up shop. What are some of the key elements for a successful pop-up? Chan: Firstly, the location must match the target market and the pop-up has to deliver an experience or products that consumers cannot get in existing retail stores. It is also important to work on the marketing of the pop-up to build awareness before the event. A successful pop-up is also focused on the objective it wants to achieve — be it brand awareness, market testing, consumer education, user acquisition, or simply product sales. Are pop-up retail events only relevant for the holiday season? How can pop- Bricks-and-mortar retailers are opening experiential or new concepts that are different from their permanent retail stores such as Chanel’s arcade-themed beauty pop-up shop. Bricks-and-mortar retailers are opening experiential or new concepts for their pop-up store that are different from their permanent retail stores. up retail deliver long-term value? Chan: There are many benefits of pop- ups aside from holiday season retail. Therefore, pop-ups are relevant year- round and do not have to be confined to the holiday season. They can often deliver value long after the pop-up has ended. One clear advantage is that pop-ups allow