Retailtainment
November 29, 2024

Retailtainment 2.0 - Adopting positive disruption and innovation in the retail market

written by

Tommy Lexen

and

As we look ahead to 2025, one thing is clear: retail is no longer just about transactions; it’s about experiences.
The idea of retailtainment, when shopping meets entertainment, transforming retail spaces into vibrant destinations
that inspire, engage, and keep customers coming back, is being adopted and understood on a global scale.

This week at MAPIC in Cannes, we discussed how shopping malls and retail districts can be reimagined as cohesive
destination ecosystems - where shopping, dining, leisure, and entertainment come together in a curated, end-to-end
journey. The opportunities in the sector are huge but this evolution comes with challenges, and the stakes couldn’t be higher.

Retailtainment thrives on seamless integration. That means that the industry must embrace the phygital transformation, blending in-person and digital touchpoints to create immersive, dynamic experiences. This requires not just adopting technologies like XR (extended reality) and AI, but weaving them into the customer journey in meaningful ways.

We also know that the future is even more data-driven. Retailers need to harness customer insights to design and personalise experiences that resonate deeply and meaningfully. But gathering and using data responsibly is tricky. How do we strike the balance between engagement and privacy while ensuring that the curated journey is fluid, relevant, and memorable?

Transformation of an established and mature market like this demands bold innovation, courage and investment. Moving beyond traditional leasing and revenue-sharing models, there’s a growing need for partnerships, and creative funding solutions that align landlords, brands, and experience providers in achieving mutual success.

Turning retail spaces into destinations isn’t a one-off effort as well. Programming must be dynamic (think seasonal events, gamified experiences, and localised live performances). But it can’t stop there. Engaging customers meaningfully and consistently is a long game, and doing it well demands collaboration, creativity, and constant evolution.

Retailtainment isn’t just an opportunity; it’s a necessity. Shoppers today are looking for more than just products - they want places where they can connect, escape, and feel something memorable. It’s time to be bold. Embrace immersive technologies. Build using data. Take risks with new financial models. Reimagine the purpose of retail spaces.

Let’s transform retail into a stage for innovation, where each element - from the layout to the programming to the digital integration - works in harmony to create destinations worth travelling to.

Let’s collaborate and shape the future of retail together. Derisking the process and ensuring some world-firsts on the way!

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