Insight Report 7 minutes PremiumShowfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession Model Sunny Zheng, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research January 22, 2024 What's InsideFounded in 2017, Showfields is a retailer that works with brands—primarily digitally native vertical brands (DNVBs)—to create a physical stage for immersive storytelling and discovery. Now, the company will close its remaining stores after it closed its closed multiple locations in 2023. Similarly, Neighborhoods Goods, a retailer that brings digital brands to brick-and-mortar shoppers, announced it would close stores in early 2024. Coresight Research delves into what these store closures reveal about the state of the physical concession model. Companies mentioned in this report include: Amazon, Bluemercury, Neighborhood Goods, Nordstrom, Showfields, Target Other relevant research: Retail 2024 Sector Outlooks: Ebook Five Forces and Five Trends Impacting US Retail in 2024 US and UK Store Tracker Extra: Store Openings and Closures 2023 Review and 2024 Outlook View our full collection of Weekly US and UK Store Openings and Closures Tracker and monthly US Store Tracker Extra The Coresight Research US and UK Store Tracker Databank is the definitive resource for information on store openings and closures by sector in the US and UK retail industries. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: ’Twas the Night Before CESUS Apparel and Beauty Spending Tracker: February 2023 Clothing and Footwear Spending Posts Solid Growth Despite Strong ComparativesRSA Conference 2023: All Things Cybersecurity—Fighting AI-Powered Intruders with AIYour Guide to Groceryshop 2023: How To Navigate Five Themes in Grocery Retail