While shoppers are busy rushing to complete their shopping lists, JLL-managed retail centers have been tapping into the festive spirit of the holiday season by encouraging customers to stop and take a moment to Be a Part of the JOY. JLL’s new “JOY” promotional campaign, which hinges on experiential marketing, allows shoppers to create memories to last the whole year through. Shoppers at participating JLL-managed centers can create and share their… Read More
PART II: International retailers land on U.S. soil
Beyond cross-border capital flows, international retail brands continue to land on U.S. soil for expansion and are targeting top-tier core markets for their storefronts. A diverse consumer base, buoyant income growth and a resilient economy has currently lured 175 international brands to take root in 19 top retail markets coast to coast, according to JLL’s latest report, The New World of… Read More
As the flow of capital throughout the world increases, and retailers and investors chase diversification and strong returns, the U.S. retail market is attracting more time in the international spotlight. JLL’s latest research anticipates a measured and selective uptick in cross-border retailing and capital flows into the U.S. in the coming year.
PART I: Cross-border capital flows soar into U.S. retail assets
Coco Chanel once said, “In order to be irreplaceable one must always be different,” and in retail the right storefront can do just that: create irreplaceable differentiation. In the United States, five major cities, New York, Chicago, Las Vegas, Miami and San Francisco, have risen to the top of the list for luxury storefronts, according to JLL’s The New World of Retail report. JLL’s report, debuting at ICSC’s New York Co… Read More
Yesterday, I traveled around Atlanta to get a feel for how Black Friday was performing and live tweeted my experience. I spent 12 hours shopping, and put more than 200 miles on my car while covering the entire north side of the city. Here are my five key takeaways:
1. Thanksgiving day openings just took away from Black Friday door busters, but those that didn’t open Thursday were packed, Home Depot to name one.
2. The only stores… Read More
After a strong start on Thanksgiving evening, traffic died down overnight and remained lighter than past years this morning according to JLL-managed centers Holiday Pulse report. Much like last year, retailers that opened yesterday traded Black Friday morning sales for Thursday evening sales but the impact was greater as more retailers opened on Thanksgiving Day this year. All centers expect traffic to pick up later today after the diehard shoppers rest… Read More
Shoppers did in fact hit the mall after the turkey tryptophan wore off last night, according to JLL’s Holiday Pulse Survey, which looked at a cross-section of JLL-managed properties in the U.S. By all accounts, traffic was strong across the board and JCPenney and Victoria’s Secret were two of the biggest winners of the day.
Check out the top 6 center recaps of Thanksgiving Thursday:
- South Park Mall: “Lines were in full force beginning at … Read More
To commemorate and celebrate the official start of the holiday shopping season, retail guru @Greg_Maloney will take over the @JLLNews twitter account on Black Friday, November 28th between 6am ET and 6pm ET to answer your questions on the retail industry’s performance, and share live updates from JLL-managed malls around the United States.
For… Read More
Shoppers’ time, peer recommendations and attention are priceless commodities that retailers are vying for year-round and even more so during the holiday season. More than 85% percent of respondents to JLL’s holiday sentiment survey expect foot traffic this… Read More
The countdown to Black Friday begins – 10 days till the busiest shopping day of the year. So, who’s hiring for the Holidays?
To provide a better customer experience, more than 95% of respondents to JLL’s recent survey indicated their staffing will remain the same or increase compared to last year,… Read More