Data & Analytics

For the first time ever in 2016, U.S. restaurant sales eclipsed grocery store sales — and that’s good news for retail centers    The amount of space dedicated to food in retail centers has grown from 5% in 2007 to 15% today.  And the trend is expected to increase to 20% by 2025, according to a study, “The Successful Integration of Food & Beverage within Retail Real Estate,” from the International Council of Shopping Centers (ICSC).  

As margin pressures increase, more retailers are adopting new supply chain technologies to streamline operations and remain competitive.   Specifically, nearly three-quarters (74%) of top retail executives in procurement said that supply chain technology can provide a significant competitive edge, according to the inaugural Retail Pulse survey from C2FO.   

Ikea has completed the installation of one of the largest solar rooftops in Ohio.   The solar panel installation is atop the retailer’s future store in Columbus, Ohio, due to open in summer 2017. The 213,000-sq.-ft. solar array consists of a 1.21 MW system, built with 3,546 panels, and will produce approximately 1,447,700 kWh of electricity annually for the store, the equivalent of reducing 1,017 tons of carbon dioxide (CO2).  

Even Amazon has technical difficulties.    The online giant is delaying the public opening of its cashier-less convenience store, Amazon Go, due to technical complications, according to MarketWatch.   

Electronic shelf labels are poised to gain momentum.   That’s according to a new report by ABI Research, which said that several big-box retail deployments of the technology will trigger a domino effect in market growth over the next two years. The company predicted that the electronic shelf label (ESL) market will grow tenfold by 2022, hitting more than $4 billion in global revenues.    

Shoppers want their favorite brands to know who they are, feature their preferred merchandise, and overall, offer an “experience” that appeals to them — and only them.    This point was driven home at Oracle Industry Connect, held in Orlando, Florida, March 20-22. During the conference, industry observers defined how retail is undergoing a “transfiguration,” or a shift to providing an elevated customer experience. What’s at the core of this change? In a word: personalization.   

Adidas Group wants to kick off its expansion in China on the right foot.   The sportswear brand plans to bolster its retail sales network to 12,000 outlets in China by 2020, with much of the growth slated for smaller cities. However, the company also knows that conducting international trade within China can be difficult and complex due to challenges presented by huge import and export volume, and minimal advance notice of regulatory changes.  

Chain Store Age will sponsor a Webinar on one of the most important issues facing store retailers: How to connect emerging solutions and technology disruptors — and take advantage of rich data sets filtering through these systems — to meet new demands across retail operations and the customer experience.     

The Pinnacle Nord du Lac Shopping Center on the north end of the world’s longest bridge — the Lake Pontchartrain Causeway — is adding about 30% to its size.   Property owner Cypress equities has begun construction on an 94,500 sq. ft. of GLA that will house new lifestyle retail and restaurants at the Covington, Louisiana, center that currently spans 327,000 ft.  

Amazon’s fifth bookstore is open for business.   The online giant’s newest Amazon Books location, a 6,000-sq.-ft. space, opened its doors in Chicago’s Lakeview neighborhood on Tuesday, March 23 — its first location in the Midwest, according to CBS Chicago.