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How does a concession model work?

In a concession model, the brand hires and pays for the staff and operations for their section of the store. Extending beyond our traditional wholesale model allows us to increase selection, sharing the benefit and risk with our partners, Pete Nordstrom said on the investor call.

What is a concession in a department store?

A retail concession is a dedicated space within a single-brand store that is used by a non-related but complementary brand. Retail concessions are essentially shops within a shop and serve as an effective way for brands to attract a wider demographic of customers whilst offering engaging, unique in-store experiences.

What does concession mean in trade?

A concessionalso known as a selling concessionis the compensation a selling group receives as part of a stock or bond underwriting agreement.

What are concessions in retail?

A retail concession is a dedicated space within a single-brand store that is used by a non-related but complementary brand. Retail concessions are essentially shops within a shop and serve as an effective way for brands to attract a wider demographic of customers whilst offering engaging, unique in-store experiences.

How do concessions work in retail?

What is a retail concession? In simple terms, it is when two brands cohabit within a single retail space. Unlike department stores where space is allocated out to multiple brands all under one roof, the evolution of this trend now sees a lead brand supported by a smaller, non-related but complimentary brand.

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