Showfields and Neighborhood Goods Store Closures Reveal Challenges to the Physical Concession Model

What's Inside

Founded 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.