Nerds of New York, your time is now!
WIRED magazine just announced a temporary retail location in SoHo, New York. Their first-ever offline store will be open from November 18 until December 24 before closing – on purpose.
This deliberately unconventional approach is known as pop-up retail. Target, JC Penney and even consumer brands like Meow Mix and Crown Royal Whisky are hoping their pop-up stores cure the consumers’ case of retail boredom and leave them wanting more.
Buzz Today, Gone Tomorrow WIRED's store will push the envelope, featuring 65 products, including an auction for a trip into space, worth $102,000. "Customers will make purchases from kiosks around the store, and items will be shipped directly to their homes. In a further twist to the average shopping experience, those who make purchases during the weekends will also receive free shuttle service to their next destination in Wired Volkswagens."
According to WIRED publisher, Drew Schutte, "Just as the magazine ushered in a new vision and voice for what's next, the Wired Store expands the boundaries of branded retail outlets."
Retailers use pop-up concepts to reach new markets, reinforce their brand and test concepts more cost-effectively. These experiences also yield a large return in marketing buzz that usually outlasts the concepts themselves.
The takeaway? Smart retailers are placing a greater emphasis on brand immersion and awareness than on purchase volume.
Pop-up experiences build consumer anticipation and buzz by making themselves exclusive and distinct. The challenge for any of WIRED's other stores will be continually evolving the model to keep the experience unique and the story fresh.
Check out the WIRED Store site for the latest.