SCBlog

Pop-Up Stores Offer Reprieve to Retail Owners, Say Ancillary Retail Expo Panelists

by Alex Tostado February 11, 2020

New Orleans — As legacy retailers continue closing stores and mall and mixed-use developers face the prospect — and reality — of vacant store spaces, specialty leasing and business development teams are becoming more important. The millennial consumer, who can buy almost anything online, needs a good reason to visit a property. Malls and shopping centers that will thrive in this climate will deliver exceptional ancillary retail experiences and come up with new reasons to attract visitors. “Ancillary” can mean pop-up stores, sponsorships, events or any other revenue sources outside …

February 11, 2020

California Features News Retailers SCBlog

Retailers, Landlords Face Complications of Factoring Online Returns Into Gross Sales

by Alex Tostado January 17, 2020

With the rise of e-commerce, declining foot traffic in malls and shuttering department stores, retail landlords and brick-and-mortar tenants have faced a wave of challenges in recent years. As a result, both landlords and tenants are constantly searching for new and unique ways to improve their bottom-line figures. One recent area where this has become an issue concerns in-person returns from online sales, and how they affect a retail tenant’s percentage rent calculation. Many retail leases contain a percentage rent provision in which a tenant pays a portion of its …

January 17, 2020

Features Retailers SCBlog

Retail Property Taxes Likely To Rise

by Alex Tostado January 15, 2020

As retailers rise and fall in the age of Amazon, property taxes remain one of retailers’ largest operating expenses. That makes it critical to monitor assessments of retail properties and be ready to contest unfairly high taxable valuations. Assessors — and property owners attempting to educate those assessors — must understand how the changes taking place in the retail sector affect property value. Assessors must adjust their models to reflect new market realities, and property owners or their representatives must be able to explain why previously held valuation assumptions could …

January 15, 2020

Pop-Up Retail SCBlog

What’s In It For You? Year Two of the Ancillary Retail Expo Conference

by SCB Staff January 8, 2020

Business and friendship grow stronger when we support industry education, collaboration, networking and connection. — By Deborah Kravitz — The second year of the Ancillary Retail Expo conference is approaching, coming soon to New Orleans. Aside from eating beignets and drinking your way down Bourbon Street, you may wonder why you should attend — and support — this new conference. When I entered specialty leasing/business development more than 30 years ago from a career in retail management and buying, I was stunned by how welcoming my colleagues were on every …

January 8, 2020

Features Malls News Retailers SCBlog

Entertainment Offerings Help Malls Compete with E-Commerce

by Alex Tostado January 3, 2020

Much has been made about online retail — and rightly so — with Amazon now an integral part of everyday life in the United States. But e-commerce’s growth doesn’t mean brick-and-mortar retail is dead. Brick-and-mortar outlets can be viable and profitable, even as retail bankruptcies and store closings increase. Real estate professionals should battle the misconceptions behind retail in 2020 and beyond while keeping an eye on where the next generation of retail is headed. The mall of 1975 is no longer. But could these retailers reemerge in hotel lobbies, …

January 3, 2020

Entertainment Features Georgia News Retailers SCBlog

Sports Entertainment Provides a Promising Future for Retail Real Estate

by Alex Tostado November 22, 2019

Atlanta — The future of food and beverage retail is…sports? To hear from “The Future of Restaurants & Entertainment” panel at the ICSC Southeast Conference & Deal Making event, sports-centric concepts are a solid bet for retail real estate owners to pursue going forward. Produced by the International Council of Shopping Centers (ICSC), the event was held Nov. 13-15 at the newly renovated Georgia World Congress Center in downtown Atlanta. Justin Amick, president of Painted Hospitality, spoke during the panel about his two venues in Atlanta, The Painted Pin and …

November 22, 2019

Features News Retailers SCBlog Washington DC

Holiday Shoppers Plan to Spend 4 Percent More This Year, NRF Survey Shows

by Alex Tostado October 29, 2019

Washington, D.C. — American consumers plan to boost their holiday spending 4 percent this season on a year-over-year basis, according to the National Retail Federation (NRF) and Prosper Insight & Analytics. The projection is based on a survey of 7,782 adult consumers. Specifically, shoppers expect to spend an average of $1,047.83 this year, up 4 percent from last year’s total of $1,007.24, the survey findings show. Meanwhile, shoppers who are between the ages of 35 and 44 plan to spend an average of $1,158.63 this holiday season. Consumer spending is …

October 29, 2019

Features Illinois Restaurants Retailers SCBlog

F&B Dominates Discussion at ICSC’s Chicago Deal Making

by Alex Tostado October 25, 2019

Chicago — The food and beverage industry dominated much of the programming and sessions at this year’s Chicago Deal Making, hosted by the International Council of Shopping Centers (ICSC). In fact, the keynote speaker was Fabio Viviani, a celebrity chef and hospitality developer. Examples of other food-oriented workshops and panels included “How to Craft Restaurant Deals,” “From Automation to Ghost Kitchens, Understanding the Trends Reshaping F&B” and “Small Bites: New Restaurant Concepts.” The two-day ICSC event took place at Navy Pier on Wednesday and Thursday, Oct. 16-17. The show kicked …

October 25, 2019

SCBlog

Cafaro Retooling Vacant Anchor Spaces

by Alex Tostado October 2, 2019

Cafaro Co.’s longevity (70 years as a shopping center developer and owner), the long-term business relationships established over six decades and the leasing team’s tenacity and execution are the reasons for the success Cafaro has achieved recently in re-developing vacant Anchor Boxes in their Portfolio of enclosed malls. A few years ago at Kennedy Mall in Dubuque, Iowa, long-time Anchor Store Sears closed in early Spring. Nine months later, Planet Fitness opened an 18,000-square-foot space on the first floor. A year after that, Vertical Jump Park opened in 26,000 square …

October 2, 2019

Features Retailers SCBlog

CCIM: ‘Culprit’ for Retail Bankruptcies Is Being Overleveraged, Over-Retailed

by Alex Tostado October 1, 2019

Over the weekend, fast fashion retailer Forever 21 was the latest to file for bankruptcy protection. The low-price, teen-focused apparel retailer plans to close 350 stores worldwide, including up to 178 in the Unites States, according to The Wall Street Journal. Overleverage and retailers being “over-retailed” — not changes in consumer spending — are to blame for retail bankruptcies, according to K.C. Conway, CCIM Institute chief economist. Conway, in partnership with the Alabama Center for Real Estate at the University of Alabama, recently released a report that debunks retail myths and makes predictions …

October 1, 2019

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