Image courtesy of Flickr user Mike Mozart
The rise of retail clinics offering access to basic medical services across the U.S. is a symptom of today’s ‘always on’ lifestyle.
Their business model caters directly to today’s time and money… Read More
According to the U.S. Census Bureau’s advanced monthly sales announcement yesterday, estimates of U.S. retail and food services sales for May were $444.9 billion, an increase of 1.2 percent (±0.5%) from the previous month, and 2.7 percent (±0.9%) above May 2014. Total sales for the March 2015 through May 2015 period were up 2.1 percent (±0.7%) from the same period a year ago.
The census data also revealed that during the last five… Read More
1. DITCH THE PAPER, DO DIGITAL: Rising paper costs and decreased customer usage makes going paperless a “no brainer” for your shopping center. Shoppers like receiving messages about retailer sales, upcoming events and safety information on their smartphones, tablets and digital devices. Embrace the opportunity to dump the paper flyers,… Read More
1. DRIVE FOR DATA—NOT JUST YOUR GUT: Not every retailer collects every piece of customer data: addresses, shopping frequency, in-store and on-line purchase amounts, but that’s ok. Augment the data you do have with in-store customer satisfaction surveys, and consider tapping into customer loyalty programs… Read More
As consumer confidence continues to climb and economic prospects for retailers improve, JLL is getting a big boost to its retail business by acquiring Wilson Retail Group, a leading, independent retail brokerage and capital markets firm in Southern California. The transaction will enable JLL, already the nation’s largest third-party retail property manager, to provide a broader range of brokerage and investment… Read More
1. GET UP CLOSE AND PERSONAL: When it comes to social media, listening is twice as valuable as posting! Retailers who follow this rule are the winners today because shoppers willingly share valuable personal data on social media. Consumers have fewer privacy hang-ups than in previous years and obtaining personal information is easier for retailers. The trade-off is consumers expect you… Read More
1. DARE TO BE DIFFERENT: Enhancing a retail center with unique tenants creates synergy and healthy competition. New experiences drive traffic, repeat visits and sales. Keep your center fresh with new and different shops; develop relationships with local and regional boutiques so you’ll be their first call when they’re ready to expand. Offer competitive and flexible… Read More
NEWSFLASH ICSC European Conference Update: The ICSC European Conference kicked-off yesterday in London. Attendees are gathering to explore the age of omni-channel and how shopping channels will complement each other. JLL’s VP’s Justin Greider and Aileen Messigner are participating to share best practices and offer a U.S. perspective.
In line with this year’s theme, Destination… Read More
San Francisco’s more than 20 distinct neighborhoods, incredible tourism base and unique shopping districts has made it a prime market for retailers. In response to increased retail demand, JLLtoday announced a major expansion of its retail brokerage team. Retail veterans Jeff Badstubner and Christine Firstenberg both join as Senior Vice Presidents, and will be based in the firm’s San Francisco office and tasked with building the firm’s retail brokerage business throughout… Read More
Miami’s retail market is prime stomping ground for retail landlords, with the third lowest vacancy rate in the United States for the last quarter of 2014, on par with New York City. The market experienced strong rent growth quarter-over-quarter and 10.6 percent growth year-over-year, and the slowdown is nowhere… Read More
