Branded Spaces Essay Example | Topics and Well Written Essays - 2500 words

Branded Spaces - Essay Exampleispensable tool for existing estate firms and property proprietors who are now prospecting to allow their property for a utterly period in the wake of an economy down town unfinished its recovery (Vacant.com, 2011). A pop-up shop is a transient venue. For instance, the space can be used for merchandise activities while on the following day throw off a cocktail party. The tendency entails popping-up one day or week, then vanishing the same duration later. These shops, although they are minor(ip) and unpredictable, have the capacity to build up interest through consumer exposure. Pop-up shops enable a firm to attain a unique environment that involves its consumers, and develops a sense of significance and interactivity (Smith, 2009). The retail environment of pop-up stores in most cases is highly experiential, transporting emotions in an even offt-oriented type of atmosphere. While pop-up stores can also serve as retail events to transfer speci al offers, they often serve as retail avenues to present and introduce product innovations or even conduct market tests. As such, locations are usu aloney in city centres, or the skipy neighbourhoods of forged cities (Townsend, 2010). With the strategy of pop-up stores being the creation of a climate of scarcity, retailers try to build a higher willingness to behave among their customer because there no option for price comparison and offers are only available for short periods of time, which can increase desirability. In particular, temporary stores that sell special offers are consumption events for customers and their main accusing is to get discounts. In some cases, pop-up stores of this type are used to give special offers to long-term, high value customers. In these events, the scarcity effect is reinforced as there is not only a temporary limitation of the offers but... Center of discussion in this paper is Vacant of Los Angeles as the first gild that positive the idea of pop-up retail. This was after the company had toured Tokyo on a business trip. The company was puzzled by the manner in which customers would literally line up to buy limited edition products from place retailers. When the products were all sold out, an exercise that took place in a matter of hours, the store closed down until its owner had brought in another stock, and then reopen it. This concept fascinated Vacant, who though to closing the store permanently after the stock had been sold. The company also thought of moving to another targeted destination because customers used to live for long distances in order to buy products from niche retailers. Vacant picked up this idea and even today, the company still provides retailing alongside marketing for businesses. The company opened its second shop in NYC2003 through the sponsorship of Dr. Martens. Later in the same year, Song Airlines opened their pop-up shop in the same city. In 2004, Comme diethylstilbesterol Garcons opened up a pop-up shop known as the Guerrilla Shop, which lasts for a one-year term. Since then, the trend of pop-up shops has grown to become an indispensable tool for real estate firms and property owners who are now prospecting to let their property for a short period in the wake of an economy down town pending its recovery. Although pop-ups began as a way of artists to make use of disused space in urban areas, this has since changed new entrepreneurial activity.