Monthly Archives: March 2017

Why So Many Store Closures? A Look Inside.

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While the number of store closure announcements is lower than during the recession, the amount of retail space closing is higher. Apparel and shoe retailers are closing the most number of stores, yet ironically apparel is also in the top three of aggressive expansion stores alongside auto parts and dollar stores. Only a modest amount of apparel sales have shifted online and apparel shoppers are shifting from mid-priced clothing stores and… Read More

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A visit to the dentist quickly turns to retail research

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A visit to the dentist’s office quickly turns into a retail research study. In this episode of Where We Buy, James Cook talks about how different levels of human need dictate the most likely place certain goods will be purchased, be it online or in a store. For more on how Maslow’s Hierarchy of Needs relates to retail, check out this report.

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What to do with 324 empty department stores?

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Recent closure announcements from JCPenney, Macy’s, Sears & Kmart tell us that up to 324 department stores will soon be empty. What happens when big anchors go vacant? JLL’s Greg Maloney explains how shopping center owners can make this space useful again. We also learn what happened to the 133 Target stores that closed in Canada in 2015 from Dr. Tony Hernandez of the Centre for the Study of Commercial Activity… Read More

JLL Grows National Shopping Center Leasing Platform

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JLL today announced it has hired Bob Dishler and Jonathan Lachance as Vice Presidents of Retail Leasing, based out of Los Angeles and San Francisco. Dishler and Lachance will lease JLL’s third-party managed retail properties on the West Coast, cultivating relationships with retailers and securing new revenue opportunities for clients.

Bob and Jonathan“Bob… Read More

4 Trends Transforming the Grocery Shopping experience

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Aldi ImageToday, more than 40 minutes a week is spent grocery shopping, adding up to more than two full days a year that shoppers weave through produce aisles and shiver in the freezer section, according to the Time Use Institute. There are more than 38,000 grocery stores nationwide and JLL’s latest Grocery Tracker explores four trends… Read More

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How Aldi is Remaking its U.S. Stores

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Aldi is known for low prices and efficient operation. After a recent expansion into Southern California, the grocer announced a $1.6 billion program to remodel 1,300 U.S. stores by 2020. I spoke with Vicki Eickelberger and Josh Broehl at Big Red Rooster, a JLL company. They told me about the process and intent behind the redesign. LISTEN HERE>>>Where We Buy (2)Read More

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JLL Continues Retail Brokerage Team Expansion with Addition of Experienced Expert

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JLL announced today that Christopher M. Gibbons has joined the firm as Senior Vice President of the Dallas Retail Brokerage group. In his new role, he will focus on business development and disposition services.

“Chris’ extensive experience and proven leadership strengthens our retail brokerage group,” says JLL Managing Director Clay Smith. “His strong understanding of big box disposition and drive has earned him an outstanding reputation for meeting and exceeding his clients’… Read More

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