Page 47 - RLI February 2019
P. 47

IMAGES OF NEW YORK cITY
                               SPECIAL FEATURE | FESTIVE LIGHTING




                     SET ThE WoRLd




                                          ALIghT






            In today’s modern age of the tech-savvy and connected consumer, retailers need
         every advantage they can to attract the customer’s attention. Festive lighting can offer

         a unique avenue into increasing footfall and store sales. Here, RLI takes a look at how
            lighting can make a difference to retailers, highlight some of the key trends in the
         sector and show some innovative examples of festive lighting from around the world.







                                                                                                                                   f retailers have not been giving much thought to how   how  they  create  better  visual  experiences  in-store  to  sell
                                                                                                                                   their festive lighting can impact their store, they should.  products  and  win  customers,  not  only  over  the  holiday
                                                                                                                                     The global decorative lighting market is expected   season but in the years to come.
                                                                                                                               Ito post a CAGR of around 7 per cent over the period   Morgan Kelleher, Director of Field Marketing at Amplience
                                                                                                                               2018-2022, according to the latest market research report   believes  that  brands  will  use  augmented  reality  to  allow
                                                                                                                               by Technavio.                                shoppers to visualise products in their own home. This can
                                                                                                                                 In 2017, the ceiling segment accounted for the largest share   allow actual festive lighting products to be viewed in one’s
                                                                                                                               of the market with a market share of close to 60 per cent. The   home  while  in  store,  allowing  customers  to  engage  with
                                                                                                                               market share of this segment is expected to witness a small   brands and products and visualise before buying.
                                                                                                                               decline over Technavio’s forecast period. The wall mounted   A key factor driving the growth of the market is the evolving
                                                                                                                               segment held the second largest share of the market, however,   design of lighting products, which is leading to premiumisation.
                                                                                                                               the market share of this segment is expected to decline over   The growing demand for luxury decorative lighting products
                                                                                                                               the forecast period in favor of the others segment.  among premium customers has encouraged manufacturers to
                                                                                                                                 APAC  held  the  largest  share  of  the  market  in  2017   come up with new and unique designs in this category.
                                                                                                                               accounting  for  more  than  44  per  cent  followed  by  EMEA,   What is also increasing is the use of smart lighting systems,
                                                                                                                               and the Americas. The market share of APAC is expected to   a trend that will only increase in coming years as technology
                                                                                                                               increase by a further 2 per cent over the forecast period while   continues to improve.
                                                                                                                               the other two regions will see a decline in their market share.  The use of smart lighting systems is increasing in residential
                                                                                                                                 Festive  lighting  can  play  a  very  important  role  in   places as they offer control over lighting products. Smart lighting
                                                                                                                               showcasing store merchandise as well as providing a great   systems also integrate the concept of the Internet of Things
                                                                                                                               part of the design of the store. Where this lighting is used   (IoT), as it helps the customers control the lighting products
                                                                                                                               and  why,  will  make  the  difference  between  a  successful   through  apps  installed  on  their  mobile  devices. Vendors  are
                                                                                                                               store layout versus an unfinished store layout.  focusing on such concepts to attract more tech-savvy custom-
                                                                                                                                 When  thinking  about  how  to  design  festive  lighting,   ers who want to stay up-to-date with the latest technology.
                                                                                                                               retailers should keep in mind that it will help to define the   Lighting remains one of the most important elements of
                                                                                                                               overall image of the store, highlight products and help make   the in-store experience due to its innate ability to influence
                                                                                                                               them visible, encourage purchases by visual enhancement,   customers’ moods, alertness and attention levels. Designers
                                                                                                                               help draw customers into the store and allow for a more   are  increasingly  recognising  the  importance  of  lighting  in
                                                                                                                               enjoyable  shopping  experience  at  what  can  be  a  very   retail, whether for decorative or vital reasons.
                                                                                                                               stressful time of year for shoppers.           With  lighting  trends  constantly  evolving,  it’s  important  to
                                                                                                                                 There  is  no  single  store  festive  lighting  formula  that   consider  that  some  elements  do  tend  to  date  the  interior,
                                                                                                                               you can follow as a retailer to ensure you are using your   according to Sean O’Connor, Principal at Sean O’Connor Light-
                                                                                                                               festive lighting correctly, but the points above should allow   ing. “Decorative lights timestamp stores, so choose carefully when
                                                                                                                               retailers to think more about the lighting decisions they   decorative lighting is required,” he says. “Design for longevity – you
                                                                                                                               have made or need to make.                   want customers today, tomorrow and five years from now.”
                                                                                                                                                                              Above all, according to O’Connor, it’s important to consid-
                                                                                                                               TREndS ThAT ShAPE ThE hoLIdAy SEASon         er how light affects the customer experience, which should
                                                                                                                                 In order to stay competitive and remain relevant, retailers must   come before following any of the latest trends. “Lighting can   CONTINUES
                                                                                                                               keep an eye on the trends that are shaping the industry. One of   have a huge voice, even though it’s a supporting character to   ON PAGE 46
                                                                                                                               the biggest drivers of change is consumer expectations and at the   the product, and the store design, playing the leads,” he says.
                                                                                                     SAKS FIFTh AvENUE         top of their lists are convenience, relevancy, value and authenticity.  “Lighting isn’t just for product anymore, it’s also for people.   >>
                                                                                                         NEW YORK, US
                                                                                                                                 These drivers are forcing retailers and brands to reshape   How does the store make you feel?”
        42 RETAIL & LEISURE INTERNATIONAL FEBRUARY 2019                                                                                                                                      FEBRUARY 2019 RETAIL & LEISURE INTERNATIONAL 43
   42   43   44   45   46   47   48   49   50   51   52