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.
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One of the world's leading authorities on customer centricity. Global speaker. Author of The Power of Customer Experience. Creator of the Mini MBA in Customer Centricity. Board Advisor
En route to dive into the atmosphere of my neighbourhood shops to gauge the post-festive footfall surge. But here's my burning question: Do we still have the right blend of retail to sustain this momentum? 🤔 Part Two next week where I explore the current high street experience.
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Tue 2024-02-13 11:01 THE FUTURE OF NYC'S STOREFRONTS Join us for a morning of profound insights from esteemed keynote speakers who will unravel the intricate challenges and triumphs of New York City's storefronts hosted by TD Bank at the iconic One Vanderbilt. Storefronts, which are primarily retail shops and restaurants on the ground floors of buildings, are a vital part of New York City’s streetscapes. They were uniquely threatened during Covid shutdowns because of the innate face-to-face nature of their services. The result: a significant loss of businesses and jobs. However, the recent resurgence of storefronts has helped to drive the city’s recovery. So what is the current state of storefronts and where are we headed? What is the future of New York City’s storefronts? Wednesday, February 28, 2024 8:30 AM (In-person) Contact: One Vanderbilt New York NY 212-473-7875 [email protected]
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Simple clean design for this crewneck that just came out! Below is a website dedicated to looking local, I recommend checking them out! #looklocalfirst
Just dropped in the Look Local First merch shop! We're so excited to bring you this iconic Des Moines Skyline crewneck! Grab yours today and stay tuned for our spring merch drop! Happy shopping! https://hubs.la/Q02qZnTL0
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Why I chose retail: It’s all about resilience and evolution! These properties not only adapt but thrive through decades, much like the retail industry itself. It’s a reminder of why I am so passionate about what I do.
The first shopping center I remember ever visiting when I was a kid in the early 1960s was Central Shopping Plaza in Miami anchored by Masters department store. It was not Biscayne Shopping Center, the oldest shopping center in Florida. I remember my father making a big deal about the Plaza because he said it had a very large parking lot facing all the stores unlike a downtown where even then parking was limited. The Plaza is still around today. What was the first shopping center you remember ever visiting?
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Are sports and entertainment concepts the future of commercial real estate? David Donato, Chief Operating Officer, shares his insights in this issue of Shopping Center Business! Read the full article here and let us know your thoughts. https://lnkd.in/e_GQqMsj #BeCRC #ShoppingCenters #CREnews
Shopping Center Business May 2024 Page 70
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Best Investment opportunity in the heart of Lahore
Madison Square | Shopping, Entertainment, Lifestyle A Project Overview by Ahmed Malik Call us: 042 111 333 333
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See how Florida is responding to robust population growth in the latest issue of Shopping Center Business! On the cover: Spreading the Wealth Across Florida Robust population growth ushers in new retail developments and redevelopments in all corners of the Sunshine State. Inside this Issue ⤵ Anything But Mid Brokers, owners and developers active in the Mid-Atlantic’s retail sector describe a market bound by a strong consumer base, though the landscape varies somewhat across urban and suburban areas. By Hayden Spiess; insights from — Richard Lake, Roadside Development LLC; Robert Hoffman, Global Urban (Global Fund Investments LLC); Bill Miller, MILLER WALKER Retail Real Estate; Michael Howard, Rappaport; D. Wright Sigmund, The Sigmund Companies; Gary Michael, NAI Michael Companies. Cordish’s Florida Focus The Cordish Companies has ambitious entertainment development plans for the Sunshine State. By Randall Shearin, insights from Reed Cordish, The Cordish Companies. Read the issue: https://lnkd.in/eyFb2aHJ #CRE #Retail #CommercialRealEstateBusiness #Development
Shopping Center Business August 2024
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#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
Macy's Expected To Close In Union Square
patch.com
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Ranking: The UK’s 10 most appealing high streets "Queen Street in Cardiff has ranked as the UK’s most appealing high street by new consumer research from American Express and GlobalData. The study, which surveyed 2,000 consumers across Britain to pinpoint what they believe makes for a great high street, was combined with in-depth analysis to identify the locations with the winning formula. Factors such as an attractive mix of retailers topped shoppers’ wish list (67%), with good parking a close second (62%). The research found that customers also value independent pubs and restaurants, with over half (52%) saying these make a high street ‘great’." by Georgia Wright at Retail Gazette American Express Dan Edelman GlobalData Plc Matt Piner #retailnews #highstreet #ukshopping
Ranking: The UK’s 10 most appealing high streets
https://www.retailgazette.co.uk
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The December issue of Shopping Center Business has arrived – Stability Returns to New York City Retail Market Brokers say that while impediments to closing deals still exist, tenants and landlords generally have a better grasp on market parameters. By Taylor Williams; insights from – Chase Welles, TSCG (The Shopping Center Group); Jackie Totolo, Newmark; Andrew Mandell, RIPCO Real Estate; Sean Moran, Cushman & Wakefield. Inside this Issue Retail As Reinvention Celebrating 50 years in the industry, commercial real estate veteran Michael Pollack says that flexibility and reimagination are key to thriving in an ever-shifting landscape and that retail has the power to transform communities. By Hayden Spiess; insights from: Michael A. Pollack, Pollack Investments. Embracing the Riverfront The Bend will add needed retail, residential and office space to Chattanooga’s vibrant downtown. By Randall Shearin; insights from – Robert H. Spratt, Jr., Hill Partners, Inc. Demand Fuels Strong Retail Recovery in Texas Amid population and job growth, retailers see the Lone Star State an ideal territory for expansion. But tight conditions and high construction costs are creating challenges. Portfolio Optimization Looms Large Real estate strategy firm A&G Realty Partners saw a number of retailers scale their real estate in 2023. By Randall Shearin; insights from – Andy Graiser & Emilio Amendola, A&G Real Estate Partners, LLC Riding the Third Wave How retail center owners can ride the $100 billion third wave of digital. By Michael Weaver, Fairchild Data RMN The Devil Is in the Details Knowing your insurance policy language is vital. By Mary T. Pipino, Brown & Brown Read the issue: https://lnkd.in/gvis3f-t #CRE #CommercialRealEstate #ShoppingCenters #Retail
Shopping Center Business December 2023
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