LAS VEGAS—“Shopping centers must have a diverse mix of entertainment options and chef-driven restaurants in order to be successful.” So says Cary Beale, SVP of Retail Leasing for Franklin Street.
As GlobeSt.com recently reported, Beale was recently appointed to his role in order to focus on strengthening the division's ability to drive more value to investor clients, while also recruiting top talent in the industry on a national basis. He tells GlobeSt.com that it is more important now more than ever for tenants to offer a strong omni-channel platform that makes retail shopping easy, convenient and personalized.
“In-store shopping needs to be an exciting, pleasurable and engaging experience, which appeals to all ages,” he says. “Today's consumer is looking for convenience, quality and value. Specialty grocers, discounters like TJ Maxx, Bealls Outlet and HomeGoods, along with fitness centers are the most active tenants in today's market. Sprouts, Aldi and Lidl are all expanding heavily in the southeast as well.”
He continues that “this is an exciting time for the industry as discount retail stores are expanding their base and benefiting from consumers looking for value. Experiential and service-based merchants are growing their sales, while fashion retailers and department stores have been losing market share. The forecast for retail is changing daily, but landlords that deliver on providing services, food and destination shopping will profit the most.”
And for other thoughts from experts who are attending ICSC RECon event here in Las Vegas and to learn more about panel coverage from the event, check out the articles below.
How Foodie Culture Has Changed the Way Brokers Think
Attract the Retail Store of the Future to Your Community Now
Retail Expert: The Future is the Carful Curation of Space
What Brick and Mortar Retailers Need to Do
Caruso's Key to its Success, What Retailers are Looking for
A Closer Look at Retail Lending, Investment
Retailers Now Have Tremendous Options in “New Submarkets”
Experts at ICSC's RECon Say It's All About Fitness, Beauty, Food and Service
Will Food Halls be Retail's Hottest Growth Story?
Food and Beverage's Role in New Real Estate
LAS VEGAS—“Shopping centers must have a diverse mix of entertainment options and chef-driven restaurants in order to be successful.” So says Cary Beale, SVP of Retail Leasing for Franklin Street.
As GlobeSt.com recently reported, Beale was recently appointed to his role in order to focus on strengthening the division's ability to drive more value to investor clients, while also recruiting top talent in the industry on a national basis. He tells GlobeSt.com that it is more important now more than ever for tenants to offer a strong omni-channel platform that makes retail shopping easy, convenient and personalized.
“In-store shopping needs to be an exciting, pleasurable and engaging experience, which appeals to all ages,” he says. “Today's consumer is looking for convenience, quality and value. Specialty grocers, discounters like TJ Maxx, Bealls Outlet and HomeGoods, along with fitness centers are the most active tenants in today's market. Sprouts, Aldi and Lidl are all expanding heavily in the southeast as well.”
He continues that “this is an exciting time for the industry as discount retail stores are expanding their base and benefiting from consumers looking for value. Experiential and service-based merchants are growing their sales, while fashion retailers and department stores have been losing market share. The forecast for retail is changing daily, but landlords that deliver on providing services, food and destination shopping will profit the most.”
And for other thoughts from experts who are attending ICSC RECon event here in Las Vegas and to learn more about panel coverage from the event, check out the articles below.
How Foodie Culture Has Changed the Way Brokers Think
Attract the Retail Store of the Future to Your Community Now
Retail Expert: The Future is the Carful Curation of Space
What Brick and Mortar Retailers Need to Do
Caruso's Key to its Success, What Retailers are Looking for
A Closer Look at Retail Lending, Investment
Retailers Now Have Tremendous Options in “New Submarkets”
Experts at ICSC's RECon Say It's All About Fitness, Beauty, Food and Service
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