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
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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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>>>… Read More
From trying on new fashions in America’s first malls to seeing the introduction of technology in modern stores, today’s baby boomers have been a key target market for retailers throughout their lives.
While they’re now older – and their tastes and expectations may have changed significantly over time – it doesn’t… Read More
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
Have a question about food & beverage? Jonathan has the answer.
Jonathan, a chef in his spare time, enjoys spending time in the kitchen with his wife, their 15-month old son, their chocolate labrador and a complimentary bottle of wine – or two. He’s been in the food and beverage… Read More
Featuring Tom Mullaney, Managing Director of JLL’s Retail Restructuring
Tom, a Chicago native, started his career with no understanding of real estate whatsoever. After graduating from Princeton and Harvard Business School, he went to work at the consulting firm McKinsey & Company. Tom left McKinsey & Company after four years to help create the… Read More