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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: January 2023 US Retail Traffic and In-Store Metrics: Traffic Growth Strengthens to 14%Consumer Sentiment Remains Low: China Consumer Survey InsightsShoptalk 2023 Day One: Innovation Leads the WaySalesforce TrailblazerDX 2024: New Einstein Tools Unleash the Genius of AI for Developers