Special report | The future

Welcome to democratised retail

Shopping will be dominated by a few but enriched by many

FOR A GLIMPSE of the future, go to Showfields, which has a four-storey department store in the Lower East Side of Manhattan. These being plague years, you can take a virtual tour via its app, which directs you to “the most interesting store in the world”. Amir Zwickel, Showfields’ co-founder, says the mission is to make it as easy to open a physical as a digital store. During the pandemic, retailers from Europe, Asia and Latin America have opened boutiques without setting foot in America. They can because Showfields provides the architecture to do it remotely, including providing human “storytellers” who act as stand-in brand ambassadors. It tracks customers via its app and with cameras, providing retailers with digital feedback. It also attracts shoppers with art exhibitions and live events. “I want to be for physical retail what Shopify is to e-commerce,” says Mr Zwickel.

This article appeared in the Special report section of the print edition under the headline “Land left to conquer”

Biden’s big gamble: What a $1.9 trillion stimulus means for the world economy

From the March 13th 2021 edition

Discover stories from this section and more in the list of contents

Explore the edition