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Shopping Center Business, September 2005
The Retail Revolution Makes Do-It-Yourself Data Dangerous
The data revolution has brought challenges to the science of site selection and tenant mix planning.
The most recent revolution in retail is a dispersion of retailers From regional malls to new for mats and venues: lifestyle and town centers, main streets, high-rise residential, train stations, entertainment facilities, parking decks, and points in between.
The result of this movement is that retail and food service can pop up just about anywhere - and that means the science of site selection and tenant mix planning has brand new challenges in this Fragmented marketplace.
Shopping Center Business, December 2005
Does Your Ailing Mall Need A CheckUp?
Sales and occupancy have been trending downward for some time. You may have even lost an anchor due to department store consolidation. You've tried stepping up the advertising and events, but nothing seems to be reversing the trend. Is it time to call in the appraiser? It pays to consider the facts before you make that decision.
Owners of failing malls usually point the finger to "changing demographics." The fact is, most market demographics change very slowly over time. While we're not ruling that out, it's probably not the cause of a nose dive in performance. To prove this point, you have only to look at comparative demographics for your trade area for the last 5 years. You'll most likely see a very gradual shift in resident income, growth and density — not enough to explain a sudden shift in your business.