Six months ago, as people feared what could be months of mandatory lock-down, grocers scrambled to keep their shelves and freezer cases stocked with staples like soup, bread, and frozen pizza. While the pandemic hasn’t been kind to many industries, grocery stores have seen huge increases in demand as more people choose to cook and […]
Nordstrom is certainly not the only department store that has taken a hit from COVID-19, but their reputation as having highly experiential retail and in-depth customer service and engagement mean it can be harder to open during a highly contagious pandemic.Nordstrom had already announced it would permanently close 16 of its department stores in response […]
The early days of the pandemic provided some brands enormous success, especially if they still had toilet paper to sell. Other brands during lock down suffered tremendously. As COVID raged through our nation, a few brands unexpectedly did better than anticipated. In this battle to keep alive, these businesses, with a mixture of preparedness and […]
As the fallout from the COVID-19 pandemic continues, customers continue to be wary of large group gatherings, and many are facing economic hardships. But eating out, or at the very least take out, seems somewhat pandemic proof. In their recent report, McKinsey ran down the current reality of the restaurant business. The verdict? Easy take-out […]
Pre-COVID, grab and go options were a necessity in the typical daily grind. In the midst of COVID, grab and go became essential for other reasons. Restrictions on dining in and avoiding a crowd has left us with delivery or to grab and go. Local grab and go options include unbeatable quality, diversity, and local […]
In our recent survey of shopping center managers across the country, we asked them which retailers had been most difficult to deal with during the Covid-19 pandemic. Unsurprisingly, 28% of the respondents told us a restaurant had been their most difficult tenant. In the same survey, we also asked which tenants had been the best […]
New Jersey is known for its shopping, boasting the most malls in one area in the world—7 in just a 25 square mile radius. And while the pandemic may have put a temporary damper on the Garden State, New Jersey continues to see ongoing opening and expansion of retail. This growth could even increase due […]
Great news. A big national-credit retailer wants a shopping-center space that's currently occupied by struggling mom-and-pop tenants who are barely hanging on in a lease-less, or "at will" basis. The timing seems right to issue these month-to-month occupants their proverbial walking papers and quickly shoo them off the premises to free up the square footage. […]
It’s impossible to deny that New York’s economy has taken a hit because of the pandemic. Beloved restaurants closed their doors for good and chain retailers have flown the coup. According to the Center for an Urban Future, New York City lost 3.7% of its chain stores and restaurants. Still, 24% of chain retailers grew […]
As a smart landlord, you likely keep your eye on the latest trends in brick-and-mortar business. Scanning the latest headlines, keeping up with industry blogs, and figuring out which types of retailers seem to be thriving in spite of the current pandemic is par for the course when you own commercial real estate. Naturally, brands […]
The Retail Industry has struggled for years because of internet giants like Amazon, especially now with COVID-19, but retailers in the food industry have a different story to tell. Here are five retailers expanding amid the Retail Apocalypse and COVID-19. Target Starting on the East Coast, Target quickly became essential to those on the West […]
The term “Retail Apocalypse” is trending. When you’re looking to fill vacancies, other words like “mass closures” or “bankruptcy” could also elicit an immediate “No thanks!” about certain brands. You may already be facing challenges to your business, and it makes sense that you wouldn’t want to take on a struggling tenant. But the truth […]
