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?].
How will the disruptive forces of today change the built environment tomorrow? Take the trend toward health, wellness, beauty and fitness (HWBF). When The Sembler Company, one of the most prolific retail developers, reviewed portfolio-wide tenancy data for the past six years, it learned that traditional retailers were being replaced by HBWF tenants. These were […]
We’re just back from the Urban Land Institute’s Fall Meeting in San Francisco. A special thank you to the CRC Silver Council for inviting Rachel to speak on Transitions in Retail. One of our themes was that identifying and adapting to trends is especially difficult for market leaders, who are heavily invested in the status […]
Is tech finally poised to deliver—your groceries? Visions of ecommerce-driven drive-thrus, pickup zones, delivery vans and the like have popped up in the grocery sector for at least the past 15 years. Nonetheless, most grocers in 2015 continue to operate just as they did twenty or forty years ago. The vast majority of their customers […]
Thank you all for your patience during our summer leave while we welcomed our newest associate. By now he’s mastered pivot tables and can almost roll over. With all that free time we set to work on a new website and retail research. We hope you enjoy our new series on retail disruption starting below. […]
If you’re like me, you’re skeptical of those who claim to have all the answers about the future. What does make sense is a willingness to ask hard questions and to acknowledge that what you take for granted today might change—or even vanish—tomorrow. The U.S. retail industry is clearly in a state of transition. Time-honored […]
MILLENNIALS aren’t wealthy, but that’s no reason to ignore them — they still like spending money, ICSC research reveals. By: Joel Groover When it comes to Millennials and retail, two opposing story lines compete, experts say. In the first, these younger shoppers star as the industry’s most important drivers of growth — the saviors of […]
Grocery may not be disrupted in the way we feared years ago, with Amazon Fresh opening up in Santa Fe, but there’s still plenty of room for disruption. The traditional Kroger store has 58% food and their new marketplace store at 120,000 sf has 59% food. That leaves >40% of the store as non-food, or […]