Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The demise of the American mall has been greatly exaggerated. Or, in the language of the moment, it’s fake news — mostly. It’s a hard story to sell. Store closures are accelerating, stocks are sinking and investors are speculating … More Shopping Mall Executives Say the Future Isn’t So Gloomy
Short term leasing is today an integral part of the shopping center landscape across North America. Specialty Leasing is growing, becoming more sophisticated and some interesting trends are emerging in this dynamic market place. Here’s the backdrop to this phenomenon: Landlords are under mounting pressure to introduce products and services that cannot be accessed on … More Specialty Leasing – the BIG opportunity for Shopping Centers
As Macy’s and Sears close hundreds of stores, the divide between America’s best and worst malls is widening. But it isn’t only the weakest properties that are losing ground. Just as retailers shutter stores to funnel resources to their most coveted spaces, major mall owners are doing the same. Having already sold off many of … More While you’ve been paying attention to failing malls, these shopping centers are thriving.
It took just five weeks to transform the 1970s-inspired accounting office into a modern hair salon. After covering the drab white paint with coats of gray and purple, and knocking down the wooden doors that had divided the space into offices, online beauty retailer Madison Reed opened its first physical shop last week. The 1,500-square-foot … More Empty storefronts find new savior in an unexpected place
The retail landscape is constantly evolving. While some will declare that the internet has killed retail, it has actually just sped up the evolutionary process and created new opportunities for brick and mortar retailers. Developers who wish to succeed in the new landscape will need to take note of these emerging trends so they can … More The Future of Retail Center Properties
Beauty retailer Ulta is making retail real estate landlords happy right now. The company recently announced plans to open up to 1,700 stores across the country, up from the 928 it currently operates. Just earlier this year, Ulta executives said the chain would top out at 1,200 units, so the good news is even better … More Which Types of Retailers Are Opening New Stores?
Bringing digital into malls boosts physical sales, rather than kill them. Contrary to popular belief, the future of retail isn’t online. Neither, according to global mall operator Westfield’s Antony Ritch, is it in brick and mortar stores. Rather, he predicts the two sectors will merge into one indistinguishable whole. Ritch heads up Westfield Labs, the … More Westfield Labs wants to merge physical and digital shopping.
The biggest story this holiday shopping season isn’t expected to be any specific toy or garment that’s flying off the shelves, but the way consumers are being recognized and how they’re finding the products they ultimately purchase when they shop inside physical stores. With holiday retail sales expected to increase just 1.8% this year, retailers … More How Retailers Are Personalizing the Shopping Experience This Holiday Season