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 […]
Finding the right retailer to complement your center’s tenant mix consists of more than crossing your fingers, then plunging into an internet search for likely candidates. You need data, and plenty of it. This means you also need access to a quality database. A basic database should, at minimum, offer C-Suite members, headquarters locations and […]
Retail has a long history of adapting to changing economic conditions, though profound industry change has never come as quickly as in the past dozen years, as the Great Recession, the rise of Amazon and now the COVID-19 pandemic have rocked physical stores, forcing shopping centers and tenants into a rapid succession of adjustments.Out of […]
A few decades ago when your family left for vacation or you traveled for work, you may have called in a favor with a friend to watch your dog while you were away or booked a stay at a very basic kennel. And those 10-hour workdays? Perhaps you'd leave the TV on to keep your […]
No matter how easy and innovative online shopping becomes, it can never replace the tactile experience of shopping in person. And when looking for a perfectly balanced fishing pole, the right amount of legroom in a kayak, or the just-right weight of a base layer jacket, nothing beats trying it yourself. Outdoor enthusiasts are spending […]
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 […]
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 […]
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 […]
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 […]
It has always been crucial for commercial landlords to have thriving tenants instead of fighting battles with difficult tenants on the brink of eviction. This need has often become clearer as the Covid-19 pandemic continues, often highlighting more troublesome tenants. Formally evicting a tenant may seem like a painful process, but it can be more […]
