Category Archives: bricks and mortar

Quick bites: 10 global food trends to watch

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JLL unveiled its Global Food Trends report at ICSC’s Food for Thought conference in New Orleans this week, presenting the results of its search for the world’s biggest innovations in food service. With Americans now spending more on dining than groceries, these mega trends are set to shape the retail, food and beverage industries of tomorrow.

Experience Economy: The aspiration of experience over ownership

  1. Dinertainment: Consumers are looking for ways to incorporate more
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Retail provides value through versatility

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As Cyber Week comes to a close and the holiday shopping season continues, retailers trying to out-sell competitors are not only engaging consumers online with limited, customized discounts, but also enhancing their in-person shopping experience to help build brand awareness and create lasting customer connections. This integrated sales approach is known as omnichannel and is proving to be a success by providing more value to customers and growing retail revenue. However,… Read More

Confidence continues in the Manhattan retail market

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REBNY Research reports that the Manhattan retail leasing market is proving to be an outlier against the national retail slowdown. Increased interest from retailers has spread throughout Manhattan, showing that there is confidence in Manhattan retail overall.

As the market’s natural retail correction continues, Manhattan rental rates for 72% of… Read More

One door closes, another opens – to opportunities

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Despite headlines about store closures, retail opportunity remains positive as new stores open and alternate paradigms emerge, especially in New York’s prime urban retail corridors.

In New York City’s upper Fifth Avenue shopping corridor, Under Armour will open its newest flagship store in 2018, in the former FAO Schwarz space vacated in 2015. Old Navy and The Gap will open flagships together in the former Toys “R” Us space in the Bow… Read More

Will bank branches on every street corner become a thing of the past?

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A 20% decrease in bank branch locations is expected over the next 10 years

We’ve all heard the catch phrase “bricks versus clicks.”  But have you considered the cost savings tied to bank branch evolution from bricks to clicks?

Simple math tells an astonishing story: the cost per transaction through a bank teller is $8.00; the cost per transaction via a mobile app is $0.08.  Mobile deposit, transferring and banking has changed the… Read More