Features

First Inning: South Florida Retail Market Resets as COVID-19 Throws a Curveball, Says SCB Webinar

by Alex Tostado July 23, 2020

The outbreak of COVID-19 has had an outsized impact on South Florida. According to John Hopkins University & Medicine, the region’s three primary counties rank in the top 20 of confirmed COVID-19 cases as of Wednesday, July 22. At 92,345 cases, Miami-Dade County is No. 4 on the list. Broward County comes in at No. 9 with 43,747 cases, and Palm Beach County is No. 20 with 27,506 cases. The surge in cases has had a pronounced effect on the area’s retailers as citizens have resumed their caution in public …

July 23, 2020

Features Retailers SCBlog

Pain Felt in Charlotte Retail Sector, But Phased Reopenings Give Market Hope

by Alex Tostado July 7, 2020

The COVID-19 outbreak had a tremendous impact on retail across the country, and Charlotte was no exception. As stores were forced to close, business owners had to devise creative ways to operate during the pandemic. Rent deferral, Paycheck Protection Program funds, layoffs and furloughs were some of the ways owners addressed cash flow. Many restaurants faced questions regarding takeout, delivery service, menu adjustments, table spacing and employee safety. Enhanced cleaning procedures, payment procedures, marketing adjustments and general overall operations were other issues facing many restaurants and retailers. Restaurants with drive-thrus …

July 7, 2020

California Features Retailers SCBlog

Time to Network: Progressive Real Estate Partners’ Umansky Begins Term as President of Retail Brokers Network in Interesting Times for Retail

by Alex Tostado June 24, 2020

California Centers, a sister publication of Shopping Center Business, recently spoke with Brad Umansky, president of Rancho Cucamonga-based Progressive Real Estate Partners and the newly appointed president of the Retail Brokers Network. As Umansky assumed the volunteer role in May, the nation — and the retail real estate industry — was in the throes of dealing with closures and stay-in-place orders brought on by the COVID-19 pandemic. He spoke with the magazine about assuming his role for the network at this time, and how its members are helping each other …

June 24, 2020

Features Retailers SCBlog Wisconsin

Reimagined Milwaukee Retail Scene Meets Consumer Lifestyle Needs

by Alex Tostado June 17, 2020

By Ray Balfanz, Outlook Management Group What does Milwaukee bring to mind? Beer? Cheese? TV’s “Happy Days”? Perhaps the city chosen as the site for the 2020 Democratic National Convention? Yes, that’s us — being recognized and happy about it. But since I began penning this piece in March, we’ve experienced a world of change in the realities of group gatherings: We can hardly have 10 people in a group now, let alone thousands of delegates filling our new Fiserv Forum. It’s anybody’s guess how long the multi-trillion-dollar brick-and-mortar retail …

June 17, 2020

Features From The Magazine Retailers

Shopping Center Owners, Retailers Seek Middle Ground Solutions for Rent Relief During Pandemic

by Alex Tostado June 9, 2020

In the early onset of the COVID-19 pandemic, retail was an almost immediate victim as governors and mayors across the country issued stay-at-home/shelter-in-place directives, forcing many retailers to close their stores for a time and some eventually made the difficult to decision to furlough or layoff their employees. For the first time in history, all 50 states were simultaneously under a federal disaster declaration and 38.5 million jobless claims have been filed in two months, another historic figure. After the initial shock of stores and restaurants closing temporarily or pivoting …

June 9, 2020

Features From The Magazine Retailers

Anchor Shops Gives Clicks-to-Bricks New Option Within Fashion District Philadelphia

by Alex Tostado June 3, 2020

Shlomo Chopp doesn’t mind stepping out of the box and being told his ideas won’t work, or even being slightly outcast as the “village idiot.” He is fine with the naysayers because he knows when he has an idea worth pursuing and one that has the potential to change the way e-retailers grow a physical location. That’s what Chopp has in Anchor Shops, a proposed location within Fashion District Philadelphia where companies can start a physical location without the start-up costs of diving headfirst into a brick-and-mortar. Chopp brought on …

June 3, 2020

Features Georgia Retailers

Retail Reboot Webinar: Wave of Second-Generation Restaurant Space to Hit Atlanta Market

by Alex Tostado May 13, 2020

As many as 150,000 to 200,000 restaurants nationwide may never fully reopen again after the COVID-19 pandemic subsides, according to estimates from the National Restaurant Association. This represents 15 to 20 percent of all U.S. restaurants. Though the metro Atlanta area’s restaurants have been allowed to reopen their dining rooms for a full two weeks following Georgia Gov. Brian Kemp’s directives in late April, early indications are that a large swath of operators are choosing to keep them closed and focus on takeout, delivery and catering. Others are making the hard …

May 13, 2020

Features Retailers Texas

Innovative, Tech-Savvy Retailers Better Equipped to Survive, says Texas Panel

by Alex Tostado May 13, 2020

Brick-and-mortar retailers in Texas that have found creative ways to develop new income streams and to leverage technology to directly engage their customer bases have proven most resilient in battling the financial headwinds the sector faces as a result of the COVID-19 outbreak. A panel of retail real estate professionals in Dallas and Austin spoke to this trend and others during the Texas Retail Reboot webinar, which was held on Thursday, May 7. Shopping Center Business and Texas Real Estate Business, two magazines published by Atlanta-based France Media Inc., hosted the event, which drew more than …

May 13, 2020

Faris Lee Investments Features Industry Content

Faris Lee: The One Thing Worse than a Health Pandemic is a Fear Pandemic

by Sarah Daniels April 15, 2020

It’s been a rough month and a half for planet Earth, but there are signs of hope. China is returning to normal life as Italy and Spain begin to ease COVID-19 restrictions. The U.S. — the country with most coronavirus-related casualties so far — isn’t at the point of reopening yet, but there are early indications it isn’t far behind. The curve is continuing to flatten — even in hotspots like New York, where Gov. Cuomo announced on April 13 that “it appears we have a plateau.” The COVID-19 infection …

April 15, 2020

Features Retailers

Retailers Pitch in to Aid in Coronavirus Efforts

by Alex Tostado April 2, 2020

As concerns about coronavirus (COVID-19) mount and the stock market is impacted, Shopping Center Business has compiled a number of retailers that are stepping in to aid in relief efforts. Brooks Brothers Brooks Brothers is converting its American factories to start producing 150,000 masks per day to help protect healthcare workers and others battling the spread of COVID-19. Blenders Eyewear Blenders Eyewear has repurposed a portion of its manufacturing to make safety goggles for health workers in light of the ongoing coronavirus pandemic. The company will donate 10,000 goggles to Southern California …

April 2, 2020

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