Jenna Pardini’s Post

This article comes out on the heels of a post I made yesterday. Not directly related- but outside of the ever evolving retail landscape and the move to shop online as Matt Garfield stated, department stores such as Macy's have been known to offer a vast amount of categories and sku's and a more than confusing promo pricing strategy. This almost always leads to an overwhelming shopping experience for the customer- especially if you are trying to attract a digitally savvy consumer as a way to evolve. More consumers are choosing quality over quantity and brands and companies that are experts in their specific niche. That niche💡, however, could be anything as long as its claimed, proven, and executed with excellence. ➡️ From a product category, to specific manufacturing processes, to their in store experiences, all the way to offering amazing value at the right time at the right prices ** 😉 aka off price. Cheering Tony Spring and the Macy's team on as they build their bold new chapter. Amy Pocsik Brenda M. Salamone Sally Marrer Meghan Houle, ACC #retailstrategy #retailinnovation

I was saving my yearly LinkedIn post for my 3 year anniversary in a few weeks, but today’s launch of Brooklyn Storehouse is a far more exciting milestone (first iconic, stateside partnership- watch this space!). Joining Vibration Production in 2021 at the tail end of the pandemic seemed like a crazy risk to anyone looking in at the time (and many told me as much!). Having forged my career in the comfort of big international corporates, moving into event production, heading up a finance function and being tasked with a complete overhaul/creation/imbedding of all processes and a commercially driven team was a big move away from my comfort zone but little did I know, it was going to be much more than that original job description. Best. Move. Of. My. Life. What Broadwick has given/taught me: -Collaboration; not cold hearted competition. -Good Ideas are given a fighting chance. -No one worth knowing is going to take credit for your hard work. -No one is claiming to know it all or have all the answers. -Partners that share our vision fuel us, those that don’t get it, fuel us too! -You need the tiny details to form the bigger picture (always been my mantra but now reinforced daily!). -If you can’t be unapologetically yourself, you’re not in the right place. -Working with people that push and inspire you, will be your greatest education. -And so, so, so much more. Thank you for believing in me, trusting in me and holding me to the highest standard. If giving it your all, being highly adaptable and being fully invested isn’t for you, then Broadwick won’t be. It’s more unbridled passion, inspiring ways of thinking and delivering these to the highest standard across MUSIC•CULTURE•SPACE.

What to look out for when shopping the high street. Check out my finds in M&S and go watch the video! And here are the 6 questions to ask yourself when you buy from the high street. 1. Am I saying ‘it’ll do’, if so walk away. 2. Does it get me excited, bring something new or elevated to my wardrobe?  3. Would I pay twice the price for it? 4. Do I feel amazed that I am buying it from here and not a more expensive store?  5. When I put it on do I hold my head up high and feel proud to wear it or is there a niggling feeling that I could do better? 6. How does it feel against my skin? To shop my picks visit this board https://lnkd.in/eRaaPnU8

How to Watch The Macy’s Day Parade Live Online

#Macy's #SanFrancisco and other closings are the end of the 1950s postwar era of #downtown #shopping targeted at mostly middle-class white urban customers. Today, #cities are more #multicultural, #diverse and #global but our #retailers are trying to extend the 1950s business models, despite #Walmart, #Amazon and specialty shops. Retailers and downtowns need to reimagine and reinvent themselves for young people who usually drive city development. FYI, I'm an urban planner. https://lnkd.in/gamSRYC2

Simple clean design for this crewneck that just came out! Below is a website dedicated to looking local, I recommend checking them out! #looklocalfirst

It took pressure from an activist investor for Macy's to finally nominate real estate professional Doug Sesler to sit on Macy's board after years of no real estate representation on the board. Real estate is often a retailer's most valuable asset after its inventory. If the retailer leases space rather than own it, the real estate function dictates expenses the retailer is committing to for many years on the lease. Real estate was once a key position in a retail chain's executive structure, then over the years, the top real estate professional was brought down a few notches to report to the CFO or COO. That's very short sided. Real estate is so important to retail that every retail chain should have a real estate person on its board.

One aspect where cities are undeniably succeeding: 👉 Investing in parades, festivals, and other special events that draw crowds to their downtown shopping areas. While for malls, Black Friday is the busiest day of the year by far, visits to bustling downtowns appear to be propelled more by people seeking fun experiences than by holiday deal-hunters. Despite #retail vacancies and a 30.7% drop Yo4Y in Q3 2023 foot traffic on the Magnificent Mile, Chicago reversed the trend with an 8.3% YoY increase. Strategic special events played a crucial role in this turnaround. For instance, the St. Patrick's Day Parade, featuring the iconic green-dyed Chicago River, attracted 128.7% more visitors than the average day in the past year to North Michigan Avenue on March 11th, 2023, marking the busiest day in the past year. For the full #analysis into retail corridors ahead of the 2023 #holidayseason, check out the link provided in the comments below.

Macy's just announced that they will be closing 150 underperforming stores and have plans to monetize between $600 to $750 million of assets through 2026. I am actually shocked that Macy's is still around. I remember hearing about the retail apocalypse in 2017-2018 and 6 years later, Macy's is still standing. It is amazing to think that one generation ago, a department store like Macy's was an anchor tenant that entire shopping malls could be built around and now the stores are ghost towns. How many of the old department stores that used to anchor malls across America will be left in another 25 years? I doubt there will be any. If I had to guess, the next generation probably won't even know what a department store is. The good news is, people will keep needing apartments, so maybe now is a great time to invest with Matheson Capital at the link in the comments. #commercialrealestateinvesting #realestateinvesting #passiveincome #passiveinvesting

Washington Prime Group Inc.'s CEO, Christopher Conlon, spoke during the University of Cincinnati Real Estate Center 's May Roundtable this morning. Here are some notes: • Trending / "Hot" retailers in their portfolio include Scheels and Market by Macy's • "Pioneers" in their older malls who often change the direction of the asset include Warby Parker, lululemon, SEPHORA, Shake Shack, Buck Mason, Faherty Brand, and Nike. Often push for termination rights and start with % rent. Still demanding marketing $ and co-tenancy • Demolished 130 Million SF and only added 4 Million SF in the last 2 years. Highlighting the fact that open-air and enclosed mall owners are preferring to repurpose space over new construction • Challenges Ahead: Overall health of the consumer is a concern. While there is a strong employment rate, higher rates and credit card defaults are straining the lower socio-economic groups Well attended overall! #retail #realestate #cre #Colliers #CincyRetail