Anne Mastin looks back on nearly four decades in retail real estate with the likes of L Brands and Easton Town Center and finds that the more things change, the more they stay the same.
A new startup wants to make it easy for digitally native brands to enter the physical space by significantly lowering the costs associated with customer acquisition, leasing and operating stores, shipping product and handling returns.
Off-price retail, the dominant segment in malls and shopping centers, is also dominated by three brands.
Nearly 50% of customer traffic at off-price stores during Q3 moved through Kohl’s (15.4%), T. J.
The Yankee Candle Company wants to be known as a leader in home fragrance, not just a candle company.
The iconic candle brand debuted a new store concept at Natick Mall, Natick, Mass., that features an untraditional merchandising strategy and an upgraded personalization station that allows custo
PREIT, one of the nation’s leading owners of traditional malls, reports that traffic at two of its properties benefitted from wholesale renovations over Black Friday weekend.
A record 189.6 million U.S. consumers shopped (combined, in stores and online) from Thanksgiving Day through Cyber Monday this year, according to a report by National Retail Federation and Prosper Insights & Analytics.
There is more evidence that Black Friday is losing its attraction — among store shoppers, that is.
Shopper visits to brick-and-mortar stores and shopping centers dropped 6.2% on Black Friday versus last year, according to data from ShopperTrak (part of Sensormatic Solutions).
Despite the fact that real estate deals with restaurants are complex, risky, and require expensive buildouts, the revenue and traffic they churn is so remarkable that landlords continue to seek out more of them for their centers, according to CBRE’s research department.
