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
- Learn how technology is re-imagining the marketplace of the future.
- Millennial shopping habit myths debunked.
- Dig into new leasing models for sales success.
- How are stores becoming distribution hubs and collect locations.
- Find out how retail centers drive economic prosperity.
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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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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 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.
Today, 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… Read More
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 –… 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