While internet shopping certainly offers its perks, sometimes you just can’t beat the in-store experience.
Internet retailers seem to be realizing this too, as more and more online-only companies begin to launch test stores in cities around the country. Amazon opened its first physical book store in 2015, with a second location planned for Manhattan later this year.… Read More
The New Year will usher in new trends poised to change the retail industry and its direction. While many current themes in the retail real estate world will carry over, here are the top five new trends sure to mark the industry in 2016:
- Value as a focal point for retail.
The 2014 holiday season might deliver just what retailers had on their wish lists this year with domestic retail sales predicted to grow 4.1 percent in the core holiday season to $616.9 billion. Recent improvements in consumer confidence are projected to boost spending power among holiday shoppers, and while 50 percent of sales are likely to be influenced by digital interactions, brick-and-mortar shops will see the overwhelming majority of holiday purchases.… Read More
Retail is an extremely fluid industry, constantly shape shifting as a reflection of our changing culture and economy. Style trends, eating habits, health and wellness, and thought leaders can heavily influence the success and failure of the close to 4 million retail establishments in the United States.… Read More
We’ve been witnessing the disruption that technology has been having on retail, but what was once something that created anxiety is now creating tremendous opportunity, and retailers are now actively embracing these opportunities. Just last quarter, Macy’s invested billions of dollars toward a new effort that, in part, encourages shoppers to use their mobile device to search for and purchase apparel in its stores, while others have turned to virtual reality to create a next generation retail experience.… Read More
After introducing Google Business Photos in 2011, Google has expanded its suite of services to help increase business owners’ visibility. Google My Business is the newest free feature to help business owners manage their interactions with customers. The goal of this new service is to allow shoppers and consumers to find shop details at any time, on any device.… Read More
Perhaps no generation since the baby boomers has been discussed more than millennials. This demographic, which spans people born from 1982 through 2004, came of age at a watershed moment in how we live our daily lives: the rise of the Internet, mobile technology, and the tech revolution they brought with it.… Read More
This Thanksgiving season, Kimco and the greater retail industry have a lot to be thankful for. The National Retail Federation predicts that 2014’s holiday sales are going to increase 4.1 percent over last year, totaling approximately $617 billion. 25 percent of shoppers are projected to start their holiday shopping early.… Read More
Online retailers have generally focused their businesses on digital channels. They’ve known that they can attract customers through online advertising, email marketing, search engine visibility, social media promotions, and mobile marketing. The brick-and-mortar channel has traditionally been far from online retailers’ radar.… Read More