Retailers testing new tech to save wounded bricks-and-mortar businesses

Marie Claire, Mastercard opening pop-up shop with Neiman Marcus goods

TRD New York /
Oct.October 03, 2017 11:20 AM

Mastercard and Marie Claire launch the Next Big Thing Concept Shop, a pop-up store in New York City that showcases what’s next for the retail shopping experience. (Credit: Getty Images)

Can touch-screen technology revive struggling brick-and-mortar stores?

Fashion magazine Marie Claire and credit-card giant Mastercard have launched a pop-up store with Neiman Marcus goods at Richard Talmadge’s 120 Wooster Street in Soho. Touch-screen mirrors dot the dressing rooms, allowing customers to request articles in different sizes and buy them on the spot without having to stand in line for a cashier, Bloomberg reported. The store will be open until Oct. 12.

Neiman Marcus ditched plans for an initial public offering in January in the wake of lackluster earnings. Earlier this year, Related Companies executives met with the retailer’s leadership to discuss a potential acquisition, but on May 25, the development giant’s founder Stephen Ross said he is not interested in buying the retailer.

Last month, reports emerged that Neiman Marcus wants to downsize its planned flagship store at Hudson Yards, but the retailer denied this.

Same-store sales at Neiman Marcus have declined for seven consecutive quarters.  [Bloomberg]Konrad Putzier


Related Articles

arrow_forward_ios
Eric Gordon

Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world

Big Tech locations in NYC

MAP: Here’s a look at all the Big Tech locations in NYC

Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

These were the top 10 NYC retail leases in July

Target ads (right) seen on the corner of 42nd Street Eighth Avenue (Credit: Google Maps)

Target sets bullseye on Times Square with new lease

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

Fritz Wolff (Credit: Katerra)

SoftBank-backed Katerra co-founder leaves company’s board

Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

Federal Realty Investment Trust CEO Donald C. Wood and Georgetowne Shopping Center (Credit: Google Maps)

Fairway-anchored Bergen Beach shopping center sells for $85M

arrow_forward_ios