From The Magazine

Pent-Up Demand Grows For Experiential Retail

by Katie Sloan January 22, 2021

The COVID-19 pandemic has put a dent in dining and entertainment activity. There is, however, light at the end of the tunnel with vaccinations beginning in the near future. To that end, retailers and restaurants that have survived the public health crisis can, with some reservations, start to look toward the rebound phase. There’s no question that American consumers are itching to make up for lost eating, drinking and socializing time, provided they can do so in what they feel is a safe environment. “Our biggest point of optimism for …

January 22, 2021

Edible Adapts to Pandemic With Omnichannel Platform

by Alex Tostado December 30, 2020

When the pandemic hit, Edible was ready. It already had a dedicated delivery model, made possible by a robust fleet of refrigerated trucks; it had multiple omnichannel platforms customers could use to interact with the brand; its fruit arrangements and chocolate treats offered a way to say “we’re thinking of you” to friends or relatives you could not visit in person. Also working in Edible’s favor? A talented support team and resilient franchisees. To learn more about Edible, which has over 1,000 retail locations, Shopping Center Business recently interviewed its …

December 30, 2020

Features From The Magazine Restaurants

Ghost Kitchens, Dedicated Takeout Spaces Emerge During Pandemic

by Alex Tostado December 16, 2020

Over the past five years, the many major MSAs have seen tremendous growth and diversification within the food and beverage space. But the onset of COVID-19 has cut into consumers’ disposable incomes, essentially shrinking the customer base and creating another mechanism by which restaurant sales are reduced. Restaurants that have been able to pivot to more takeout and delivery services, convert parking or other spaces into outdoor seating, and minimize their supply-chain disruptions by tweaking inventory are carving out competitive advantages in the current environment. “The extent to which operators …

December 16, 2020

Features From The Magazine Retailers

Atlanta’s Retail Sector has Positive Momentum on Investment, Development Fronts

by Alex Tostado December 8, 2020

Shopping and dining in Atlanta looks vastly different than this time last year due to the COVID-19 outbreak, but owners, developers, investors and retailers alike remain optimistic about the metro area’s prospects. Many local retail professionals say barring another outbreak or a second black swan event, the worst of the recession is in the rearview mirror and the Atlanta market is currently on a positive trajectory, though the market is experiencing negative absorption from over-leveraged national retailers shuttering stores, as well as local and regional operators that are struggling to …

December 8, 2020

Features From The Magazine

Marcus & Millichap’s New National Director of Retail Shares His Thoughts on Changes Ahead for the Investment Sales Sector

by Alex Tostado December 3, 2020

Daniel Taub is a well-known name in the retail real estate world. He spent most of his career with DLC Management, one of the nation’s largest open-air center owners, heading up leasing and eventually becoming president and chief operating officer of the company. In October, Taub joined Marcus & Millichap as senior vice president and national director of the firm’s retail division. In his new role, Taub will be helping the firm’s retail brokers with deals, as well as advising clients. He recently spoke to Shopping Center Business Editor Randall …

December 3, 2020

Features From The Magazine Retailers

Philadelphia Retail Sees Expansion Amid Recovery

by Alex Tostado October 21, 2020

What a difference a year makes. Around this time in 2019, the Philadelphia retail market was experiencing something of a Renaissance. Driven by forward-thinking projects in chic neighborhoods, such as Fashion District Philadelphia, as well as the delivery of new phases of retail at destinations like Schuylkill Yards and the Philadelphia Navy Yard, the market was embracing new users, customers and spaces alike. The evolution of Philly’s retail market at this time inevitably bred winners and losers. Six months later, the onset of a global pandemic would give rise to …

October 21, 2020

Features Florida From The Magazine Retailers

Shopping Center Owners, Retailers in Florida Seize Opportunities in Effort to Outlast COVID-19 Pandemic

by Alex Tostado September 23, 2020

It’s been an atypical summer for retailers and shopping center owners in the Sunshine State. There are no Hollywood blockbusters debuting in Florida’s movie theaters, bars remain closed for the time being and shops and restaurants aren’t packed with domestic and international tourists visiting Disney World, Port of Miami’s cruise terminals or any of the states numerous beaches at the level they would in a normal season. The outbreak of COVID-19 has redefined the consumer experience for retail the past several months, but even though it looks and feels different, …

September 23, 2020

Features From The Magazine

Designers Work with Retail Owners to Create Properties That will Draw Consumers, Make Them Feel Safe

by Alex Tostado September 9, 2020

Envisioning a future for retail post-COVID has been a challenge for many in the industry. For one, it is still very early and we have a hard time knowing what 2021 will look like. Most of what retail designers and architects are working on now is reactionary and necessary: setting up existing environments so that retail-facing businesses are functional and operational. In that practice, however, they are seeing clues as to what the future of retail might look like now that the world is weary of viruses. Here are their …

September 9, 2020

From The Magazine Restaurants

Jersey Mike’s Sandwich Chain Invests in Delivery, Pick-Up

by Alex Tostado August 18, 2020

During the business lull caused by the outbreak of COVID-19, fast casual sandwich chain Jersey Mike’s made news by rolling out a $150 million nationwide retrofit project for its stores. The project will include aesthetic and comfortability upgrades for 1,700 franchise stores, as well as expanded functionality for delivery and pick-up services — all paid for by the company. “Paying for the retrofits ourselves is a tactical move on our part,” says Peter Cancro, CEO of Jersey Mike’s. “Whenever you put money in your business, it always comes back. It’s …

August 18, 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

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