The store owners have two things in common: they are rich in ideas and poor in money. That is why the Retailhub knowledge center has rented four retail properties in the Stadsfeestzaal. Retailhub allows those large buildings to be used simultaneously by about twenty starting traders who want to try out an innovative store concept on the general public. They do not have to pay rent, but they do hand over part of the proceeds from the sale to Retailhub. A strict evaluation follows after three months. If the store is successful, the owners can look for their own retail space or point of sale. If the store is not successful, the story is over.
“We call this project Foster Labs,” said Jorg Snoeck, General Manager of Retailhub. “They are labs, and ‘foster’ means something like ‘cherish’ and ‘like to see’. We select the starting entrepreneurs because we believe in their concept, and help them to make that concept successful. We assist them with free advice and help them think about how their project can succeed.”
It is no coincidence that this project is being built after the deepest troughs of the corona crisis. “Partly due to corona, there is a risk of a lot of vacancy in shopping streets,” says Jorg Snoeck. “That lowers the value of the properties in a shopping street and actually also that of apartments in the neighbourhood. We want to solve this with Foster Labs. Now we do this in the Stadsfeestzaal, but we are also going to help start new stores in other places in the city. And at a later stage we want to expand this project to other cities.”
Compose your own hat
One of the new Foster Labs stores in the Stadsfeestzaal is Shadow Collectors. “I sell tops and brims of hats, so that customers can put together their own woolen hat,” says Sanne Claessens (23). “I like wearing hats myself and need a lot of them to go with all my outfits. Because you can buy the top and brim of the hat separately, many more color combinations are possible. All hats are made in the Netherlands.”