Strong demand and restrained construction are driving up shopping center revenues by Joel Groover Shopping Centers Today, July 2016 Headlines sound the drumbeat about “the death of the American mall” and the crushing effect of the Internet on brick-and-mortar stores. And yet those who study the actual performance of retail properties tell quite a different […]
On a recent trip to New York we wandered into the Peloton store/cafe/recording studio in Chelsea. For those of you unfamiliar withPeloton, it’s a great mix of eTail, retail and subscription service. See below for more. Victoria’s Secret recently announced they’re shedding several divisions and discontinuing their catalog (‘we have the internet, we don’t need it’ – […]
Growth brings complexity—and complexity is the No. 1 culprit in stagnation. But this doesn’t mean established companies have to lose the startup mindset and turn sluggish with time. Nor do startups necessarily have to lose their edge by bringing in systems and processes as they scale up. What we all love about startups is the founder’s […]
In what has become a recurring nightmare for me, I give you the Tampa Airport renovation in light of new Uber stats. In Q4 2015, business travelers using Uber surpassed those using rental cars for the first time (43% vs 40% respectively). This seems reasonable until you consider that TIA is halfway through a $1b renovation which includes, […]
In last month’s newsletter, we focused on the potential for Big Data to overthrow timeworn assumptions. A new program by Foursquare is the latest example of how this data renaissance is taking the guesswork out of retailing. Called Attribution, the initiative aims to give retailers solid data on whether their ads are actually driving store visits.
By Joel Groover Ramping up convenience via smaller stores and showrooms. In response to the fiscal crisis of 2008, many retailers focused on slashing prices in their existing stores or even launching off-price spinoffs. But another strategy — shrinking store formats and merchandise offerings in a bid to make shopping more convenient — is gaining […]
This month we’re exploring how Big Data is impacting real estate and retail as a means of questioning timeworn assumptions. Ourpost looks at how some companies are finding success in looking at the wealth of information we now have available to us as a means of driving change — and seeing measurable results.
Questioning timeworn assumptions in the age of Big Data These days, some retailers are almost too good at extracting information about their customers [remember the story about how Target is the first to know someone is pregnant?]. But equally important—and often overlooked—is the promise of leveraging data to make process improvements that boost performance. While […]
This month we’re highlighting the significant impact health, beauty, wellness and fitness have had on the real estate industry recently. I’m going to make a prediction that health and wellness will be bigger than off-price in 2016 [is it just me, or does Lord & Taylor going off-price mean “value” has officially jumped the shark?].