Jeff Green / Chain Store Age – When it comes to success in retail, the old mantra of “location, location, location” has been largely replaced by “customer, customer, customer.” That was one of the themes of the SPECS workshop session, “It’s All in the Demographics.”
Archives for 2014
Urban March
Jeff Green / Chain Store Age – One of the most fascinating aspects of our ongoing economic recovery is the paradigm shift with respect to commercial development priorities. In the wake of the recession, new development has largely taken a backseat to redevelopment as developers and retailers alike have set their sights on opportunities in core urban markets that have been historically underserved.
The Hispanic Market Comes of Age
One topic that’s been on my mind lately is the growing Hispanic market in the U.S., and what its clout and purchasing power will mean for retailers — and, subsequently, for retail real estate — in the years ahead. “Emerging” is probably too mild of a word to describe the Hispanic market — exploding might be more accurate. In this edition of retail rap, I examine the impact and the ramifications of these significant demographic shifts for retail and retail real estate.
South Mall to be sold
Sam Kennedy [The Morning Call] / Bloomberg Businessweek – A decade ago, nearly every storefront was occupied inside Salisbury Township’s South Mall. Today, vacancies abound. Of those spaces that are filled, a number aren’t even stores. One is a dance studio. Another is a dental office. “De-malling” — that’s what retail analyst Jeff Green, president […]
South Mall to be sold
Sam Kennedy / The Morning Call – A decade ago, nearly every storefront was occupied in the South Mall. Today, vacancies abound.
Of those spaces that are filled, a number aren’t even stores. One is a dance studio. Another is a dental office.
“De-malling” — that’s what retail analyst Jeff Green, president and CEO of Jeff Green Partners in Phoenix, calls it. He said the trend is playing out across the country: Malls unable to attract a sufficient number of stores are accepting non-retail tenants. They are transforming, he said, into “community centers.”
New Saks Fifth Avenue will have its own upscale place to dine
Justine Griffin / Herald-Tribune – When the new Saks Fifth Avenue department store opens at the Mall at University Town Center, shoppers can expect more than just expanded departments and two floors of merchandise. The 80,000-square-foot Saks space — one of the key anchors for the $315 million mall in Sarasota County — also will boast its own restaurant, and be one of the first in the chain to do so.
