Retail news
'Brick mining' cited as rationale for operating physical stores
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Rick MossRetailers like Nordstrom are experimenting with smaller locations that function more like showrooms for their online inventory than traditional stores. The strategy makes a lot of sense for physical retailers that are ramping up their online businesses. But the online athleisure retailer, Fabletics, looks at operating physical outlets from a different perspective. “We call it brick mining,” Ron Harries, Fabletics’ vice president of retail, told Marketplace. “When you take the data that you collect from that customer in a retail location, you can get to know your members and guests much differently than you could online only.”