Amid a chaotic year, Best Buy proved retail can move forward better than ever by experimenting and adapting to new retail concepts. In a year of mayhem, few retailers discovered a year of opportunity. The pandemic's fatal blow to many retailers was the call to change industry wide. The demand for easier and safer shopping […]
After filing for bankruptcy and closing all 50 stores in February, the health food store Earth Fare is planning a comeback.In early February, the specialty organic grocery store Earth Fare filed for Chapter 11 bankruptcy protection. Within two months, the chain closed all 50 branches, laid off 3,000 staff members, sold 10 locations to larger […]
The Northeast may be in the middle of winter, but there’s still heat in the retail market. Small and medium sized retailers are the life-blood of the American economy, and Northeastern brands are bringing a dose of vitality with them as they expand in the region. From hometown brands opening their second location to regional […]
Luxury retail has been a haute ticket of late. In fact, strong growth in the high-margin luxury segment has been sustenance for the industry during the so-called "retail apocalypse." In 2019, luxury rose above other non-commodity, non-discount retail, growing 4% year-over-year to about $309 billion, according to a Bain & Co. Luxury Study. Luxury customers […]
Physical retail locations competing with ecommerce evolved dramatically since the coronavirus entered our lives. Concepts such as mixing physical retail with ecommerce platforms proved necessary for most current retail brands. Curbside and delivery are also essential to continued success. However, that might not be enough to keep shopping malls alive. Malls that have thrived have […]
The future of the retail industry revolves around technology, and that doesn’t just mean a shift to e-commerce. Proptech real estate companies are transforming the brick-and-mortar shopping experience and how landlords run their shopping centers. Investors are pouring funds into new retail formats, in-store technology, supply chain solutions, and much more. Combined, retail tech funding […]
Did you know that the average American drinks about 26 gallons of beer every year? And this year, besides drinking their favorite beverage, people are trying their best to support their local communities through this difficult time. Always a cozy place for drinks and dinner, many brewpubs now offer to-go bottle or keg service served […]
Are you striving to fill vacant space in your shopping center? If so, it may be time to reboot your marketing strategy. Digital and email marketing for commercial real estate can help you reach the right prospects in your quest to fill your space. By leveraging technology, you can eliminate duplication of effort, streamline and […]
When you begin the process of filling a vacancy, prospecting often feels like a numbers game. You want to cast your net as wide as possible to initiate as many potential tenant opportunities as you can. Through the leasing process many of these prospects will decide it's just not the right fit and will fall […]
As the retail industry paves new paths to growth, data-fueled business intelligence can help tenants and shopping center owners alike make smarter decisions. To unlock the insights you need, it’s helpful to understand the value of big data for real estate brokers, tenants, landlords, and investors. What is big data, and how can you use […]
