Resilient Forms of Shopping Centers Amid the Rise of Online Retailing: Towards the Urban Experience
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The Retail Apocalypse - Fact Or Fiction?
The Retail Apocalypse - Fact or Fiction? May 10, 2019 Panel Introductions • Moderator: • Manuel Farach, Member, McGlinchey Stafford • Panelists: • Sarah Lemke, Vice President, Project Development, New England Development • Matt Epstein, Director, Goulston & Storrs, P.C. Agenda • Current State of Retail • Is It Really an Apocalypse? • Strategies for the New Future of Retail • Conclusion and Q&A Current State of Retail- Store Closures Abound ▪ Over 12,000 stores closed in 2018 ▪ Over 5,800 stores have already announced closures planned for 2019, including: ▪ Payless- 2,500 stores ▪ Gymboree- 805 stores ▪ Family Dollar- 390 stores ▪ Shopko- 371 stores ▪ Gap- 230 stores ▪ Sears- 70 stores ▪ Victoria’s Secret- 53 stores ▪ Abercrombie & Fitch- 40 stores ▪ Other retailers closing: Aerosoles, American Apparel, BCBG, Bon-Ton, Children’s Place, CVS, Dollar Tree, Foot Locker, Guess, JC Penney, Limited, Macy’s, Michael Kors, Toys R Us, Victoria’s Secret, Wet Seal © New England Development 4 Current State of Retail - Store Closures Abound © New England Development In 2018, over 145 million square feet of retail closed 5 Current State of Retail - Bankruptcies Continue © New England Development 6 What’s Causing Widespread Closures and Bankruptcies? ▪ Retailers facing massive debt from private equity financings ▪ E-Commerce and the “Amazon Effect” ▪ “Over-Retailing”/Saturation of the Market ▪ Changing Consumer Demands ▪ Inability to Adapt © New England Development 7 E-Commerce - Part of the Problem E-commerce continues to gain steam- growing 15% in 2018, -
The Future of Strip Malls
The Future of Strip Malls Merle Patchett and Rob Shields In many neighbourhoods across North America, small, or on creating “town square” versions of power centres 5-8 store strip malls, once anchors of local retail activity, (including “lifestyle centres”) generally in newly erected are increasingly being framed as today’s suburban blight. suburbsviii along with other novel retail spatial configurations.ix Intended as community hubs of consumption and services, By contrast, the local strip mall, with a convenience-oriented many of these places are being abandoned or becoming mission but often not a particularly locally-responsive retail underutilized and dilapidated as the services move out of provision, has been in decline: “many of them dying, bleak local neighbourhoods in favour of larger-scale malls and and waiting for reinvention.”x shopping districts serving greater catchment areas. At the CRSC, we believe it is time to rethink our relationship with We initiated our design competition - Strip Appeal - to the strip mall. This design competition and touring exhibit “reinvent the strip mall,” recognizing its potential to produce proceed from the thesis that the social vitality and commu- innovative solutions and design visions for the rejuvenation nity sustainability of mature suburban neighbourhoods can of strip mall retail. The specific focus of the competition was be improved by reviving and re-purposing under-utilized smaller scale, neighbourhood shopping plazas consisting of strip malls. It is our contention that small-scale strip malls a few retail units, usually fronted by parking, and up to the can play a vital public role in the urbanization of the postwar scale of malls which combine indoor and outdoor sections suburbs. -
Niche Market Study Beaumont, Alberta
TOWN OF BEAUMONT NICHE MARKET STUDY FINAL REPORT June 24, 2011 1 NICHOLS Applied Management Table of Contents Page 1. Introduction – The Importance of Community Sustainability 3 2. Retail and Commercial Expenditure Pattern Survey and Analysis 6 3. Economic Development Opportunities Roadmap 24 4. Key Objectives 32 5. High-Potential Growth Areas 37 6. Priorities, Directions and Recommended Action Items 44 2 NICHOLS Applied Management 1. Introduction – The Importance of Community Sustainability Retention and growth of existing businesses, new business attraction, jobs, investment, residential development and new commercial/industrial assessment – these are just some of the benefits to be realized through a well-focused economic and community development strategy. They are also essential, some would say critical, for the Town of Beaumont at this point in time. Long term community sustainability depends on the ability to maintain a healthy balance and harmony between economic, municipal fiscal/financial, social and environmental sustainability. While each is equally important, many would argue that economic sustainability is the ‘engine’ that ultimately drives and sustains a community. Building Blocks of a Sustainable Community 3 NICHOLS Applied Management Research has shown that ‘communities of choice’ are increasingly replacing ‘communities of necessity’ for many highly-skilled workers in the more suburban parts of North America. These individuals are increasingly looking to live in affordable, high quality of life communities – with excellent recreational amenities and clean, safe and family-oriented neighbourhoods – but they are also looking to minimize commuting times associated with travel to and from work. Beaumont’s well-developed social and community infrastructure, natural environment and close proximity to Alberta’s main urban centres all contribute to the Town’s overall quality of life. -
Municipality
TheMunicipality Your Voice. Your Wisconsin. January | 2019 2019–2020 LEAGUE LEGISLATIVE AGENDA Split Party After the Retail Apocalypse, Preparing Wisconsin New Records Control is Good Small State Agency — Prepare for the Property Opportunity Zones Schedule Approved for Municipalities Big Statewide Impact Tax Meltdown for Investment for Municipalities 4 8 The Municipality12 | January 2019 20 24 1 Is there a company that insures only cities and villages? Oh yes, dear Why LWMMI, of course For 33 years, the League of Wisconsin Municipalities Insurance Program has responded to the coverage needs of local cities and villages, saving them substantial amounts of money in the process Protecting The Communities We Live In. 608.833.9595 | www.LWMMI.org A Mutual Company Owned by Member Cities and Villages. TheMunicipality The Municipality Official Monthly Publication of the League of Wisconsin Municipalities January | 2019 Volume 114, No. 1, January 2019 Editorial Offices 131 W. Wilson St., Suite 505, Madison, WI 53703 Feature Dial (608) 267-2380 In-State (800) 991-5502 Fax: (608) 267-0645 Small State e-mail: [email protected] Split Party Agency — Here’s to Did You Website: www.lwm-info.org Control is Good for Big Statewide You Know? The Municipality serves as the medium of Municipalities Impact exchange of ideas and information on municipal affairs for the officials of Wisconsin cities and villages. Nothing included herein is to 3 4 8 11 be construed as having the endorsement of the League unless so specifically stated. The Municipality (ISSN 0027-3597) is published monthly at $25 per year ($5.00 per copy, back After the Retail Preparing issues $5.00 each) by the League of Wisconsin Apocalypse, Wisconsin Municipalities, 131 W. -
Best Shopping Centers/Malls in Edmonton"
"Best Shopping Centers/Malls in Edmonton" Created by: Cityseeker 5 Locations Bookmarked Edmonton City Centre "Shop Till You Drop" Edmonton City Centre is where you can head to if you are looking to spend your precious vacation time shopping. For this City Centre is a one stop shopping hub with an wide array of shops to get all your shopping done in a jiffy. The mall has stores which sell varied items like groceries, clothes, accessories and kitchenware to name a few, as also chocolates by IQRemix and cakes. Multiple restaurant options lined up within the premises help satiate your hunger after a tiring shopping spree. After you are done for the day, your weary bones will not have to drag the heavy bags to the public car park, for they have a private one in the basement. +1 780 426 8444 www.edmontoncitycentre. edmontoncitycentre@oxfor 10088 102A Avenue com/ dproperties.com Northwest, Edmonton AB Kingsway Mall "Fit For a King" Situated in close proximity to Edmonton's Downtown district, the Kingsway Mall has approximately 250 top stores including one of the few Disney stores in Edmonton. There are a host of other stores catering to fashion, children's wear, electronics, gifts, health and beauty and footwear apart from a range of dining options. The mall itself is a low-slung, three- by mastermaq story turreted brickwork building with a glass front. Ample parking is available. +1 780 477 5756 www.kingswaymall.com/ sdenney@oxfordproperties 109 Street Northwest, .com Edmonton AB Southgate Centre "Refurbished Mall" The Southgate Centre Mall is located to the south and over the river from Edmonton's downtown district, just to the north of the major Whitemud Drive Highway. -
The Retail Apocalypse - Debunking the Myth
Public Square | CNU Journal September 2019 The Congress for the New Urbanism Page 1 The Retail Apocalypse - Debunking the Myth Introduction – The “Retail Apocalypse” is a This article also touches on some emerging retail concept being actively promoted through media trends, including retrofitting vacant mall anchors headlines, and largely based on recent closures and leveraging the “Halo Effect” of Omni-channel among national chain stores across the nation. marketing to optimize retail sales. However, it is only a myth that can be easily debunked with real data. Increasing Number of Retail Establishments – The hypothetical Retail Apocalypse should be It is important to debunk the myth and change supported by a decline in the total retail the dialogue about the future of retail establishments – but nothing could be farther nationwide, in our downtowns, and all urban from the truth. In fact, the United States had over settings. By challenging mainstream media and 1 million retail establishments in 2018 – and more shifting the conversation, we hope to instill new than the prior year 2017. More specifically, the faith and encouragement for urban and town Bureau of Labor Statistics (BLS) reported planners, developers, downtown merchants, and 1,044,509 establishments for 2018, for a net gain of main street managers. +2,413 establishments since 2017 (1,042,096). The 2018 figure also represents a net gain of over This article explores real data and demonstrates +20,800 establishments since the trough in 2011. that the total number of retail establishments and aggregate retail sales are actually increasing; A timeline of total retail establishments since 2001 new chain stores and restaurant openings are is shown in chart below. -
For Lease 9705 21 AVENUE | EDMONTON, ALBERTA
For Lease 9705 21 AVENUE | EDMONTON, ALBERTA Rare opportunity to lease 6,288 square feet of main floor office space in South Edmonton Common, with excellent visibility from Parsons Road. Chad Boddez Dan Budman Senior Vice President Senior Associate 780 328 2567 780 328 2582 [email protected] [email protected] 6,288 Square Feet of Main Floor Office Space in South Edmonton Common Highlights. Property Details. • The only office space in South • Nestled in the middle of some of Edmonton Common—a shopping, dining Edmonton’s busiest thoroughfares: 6,288 SF Main floor office space and entertainment destination and one 16,200 VPD of Canada’s largest retail power centres, • Parsons Road: $18.00 PSF Asking Net Rent spread over 320 acres and contains more • Calgary Trail: 88,100 VPD $2.47 PSF (CAM) + $7.30 PSF (Taxes) than 2.3 million square feet of retail; • 23 Avenue: 33,100 VPD *Not including utilities and in-suite janitorial • High quality, main floor office space with • Anthony Henday: 68,100 VPD Office furniture is available excellent visibility along Parsons Road; *VPD - Vehicles per day Parsons Road boasts one of the highest • Available on 30 days notice Ample surface parking in front of the building traffic counts in the city’s suburban market; Customizable digital sign on facade Contact the lead agent for further information or to do a socially distanced tour: Chad Boddez | 780 328 2567 | [email protected] 23 AVENUE • A&W 101 STREET MCDONALD’S • SWISS CHALET RED WING PARSONS ROAD Space Layout. -
Downtown Study Phase II COMMUNITY INPUT REPORT
Downtown Study Phase II COMMUNITY INPUT REPORT Contents Overview…..…………………………………………………………… .……….. 2 Active Transportation Opportunities …………………………………………… 4 Redevelopment And Reinvestment Opportunities…..……………………….. 7 SW Quadrant …………………………………………..…………………….. 9 NE Quadrant …………………………………………..…………………….. 11 NW Quadrant …………………………………………..…………………….. 13 Quadrant Concepts……….…………………...………………………………… 15 SW Quadrant …………………………………………..…………………….. 15 NE Quadrant …………………………………………..…………………….. 20 NW Quadrant …………………………………………..…………………….. 27 Long-Term Vision For Downtown…......……………………………………… 31 Appendix A: Open House Presentation Boards.……………………………… 34 Appendix B: Consultant’s Summary Of Open House ……………………….. 46 Appendix C: Social Media Reach And Engagement ………………………… 51 Downtown Study Phase II Community Input Report Page 1 Overview Soliciting public input was a major component of the Golden Valley City Council’s consideration of the Downtown Study Phase II and before moving forward to Phase III. Staff solicited input from the community through an online comment form and a public open house regarding the following areas: • multimodal transportation opportunities through the downtown • redevelopment and reinvestment possibilities • draft concepts of each quadrant of the downtown To promote the feedback opportunities, the City published four online stories in Oct and Nov 2019 and two in the Sept/Oct 2019 and Nov/Dec 2019 issues of CityNews. The City further promoted the comment form and open house through social media posts on Facebook and Twitter. Open House The City hosted a Downtown Study Phase II Open House Oct 21, 2019 at Brookview Golden Valley, where community members could learn more about the issues and offer input. See Appendix A to view the open house presentation boards. Representatives from the City and Hoisington Koegler Group (HKGi), the City’s planning consultant, were on hand to make presentations on each portion of the study and answer questions from attendees. -
Loans Yes V. Kroger Limited Partnership I Et Al
10/30/2020 IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE May 5, 2020 Session LOANS YES V. KROGER LIMITED PARTNERSHIP I ET AL. Appeal from the Circuit Court for Rutherford County No. 73977 Barry R. Tidwell, Judge No. M2019-01506-COA-R3-CV A commercial tenant stopped paying rent on leased space six months before the end of its five-year term. The landlord was unsuccessful in its attempts to find a replacement tenant and sued the tenant for breach of contract. The trial court found in favor of the landlord and awarded it damages, including unpaid rent, late fees, prejudgment interest, and attorney’s fees. The tenant appealed. Other than a change in the amount of late fees awarded and instructions regarding recalculating the prejudgment interest, we affirm the trial court’s judgment. Tenn. R. App. P. 3 Appeal as of Right; Judgment of the Circuit Court Affirmed in Part, Modified in Part, and Remanded ANDY D. BENNETT, J.,1 delivered the opinion of the Court, in which FRANK G. CLEMENT, JR., P.J., M.S., joined. RICHARD H. DINKINS, J., not participating. Linda Nicklos, LaVergne, Tennessee, for the appellant, Loans Yes. Nicholas Lloyd Vescovo, Memphis, Tennessee, for the appellee, Kroger Limited Partnership I. OPINION I. FACTUAL BACKGROUND Loans Yes (“Tenant”) rented commercial space in a strip mall located in LaVergne, Tennessee from Kroger Limited Partnership I (“Landlord”) for a five-year term beginning in May 2008. The five-year term ended on April 30, 2013, and the parties extended the lease for an additional five-year period that was to end on April 30, 2018. -
Shopping Center Classifications: Challenges and Opportunities James R
Shopping Center Classifications © J.R. DeLisle, Ph.D. Shopping Center Classifications: Challenges and Opportunities James R. DeLisle, Ph.D. First Draft, September 2005 White Paper, June 2007 Introduction Background Over the years, shopping center formats have taken on a confusing array of identities, with names that include such descriptors as Centers, Commons, Crossings, Hybrids, Lifestyle Centers, Malls, Markets, Marts, Mega-Malls, Mixed-Use, Outlets, Parkways, Places, Plazas, Promenades, Shops, Strips, Squares, Super Centers, Town Centers, Urban Retail, Vertical, and Villages. Unfortunately, there is no agreement as to how many distinct types of shopping center formats there really are, or how individual centers should be assigned to the various categories. Adding to this confusion is that shopping centers can be further differentiated by a variety of marketing and management strategies including: Convenience, Entertainment, Ethnicity, Festival, Lifestyle, Luxury, Off-Price, Theme (e.g., home improvement and furniture), Tourist, Urban, and Value. When considering the possible combinations of these types of differentiating factors, it is understandable that some consider the retail sector inherently complex and difficult to understand. To address this situation and help provide some insight into the major components of the retail market, the ICSC has developed a classification of shopping center formats. This typology has undergone a number of modifications over the years, as new formats have emerged and variations of existing formats have become more significant. The ICSC has also responded to calls for more precision from industry participants and capital providers who are seeking a better understanding of the structure of the market. The nature and scope of retail continues to morph over time, especially as the lines have begun to blur among categories and as retail has become more intertwined with other property types (e.g., Mixed-Use and Town Center). -
Perspectives on Retail and Consumer Goods
Perspectives on retail and consumer goods Number 7, January 2019 Perspectives on retail and Editor McKinsey Practice consumer goods is written Monica Toriello Publications by experts and practitioners in McKinsey & Company’s Contributing Editors Editor in Chief Retail and Consumer Goods Susan Gurewitsch, Christian Lucia Rahilly practices, along with other Johnson, Barr Seitz McKinsey colleagues. Executive Editors Art Direction and Design Michael T. Borruso, To send comments or Leff Communications Allan Gold, Bill Javetski, request copies, email us: Mark Staples Consumer_Perspectives Data Visualization @McKinsey.com Richard Johnson, Copyright © 2019 McKinsey & Jonathon Rivait Company. All rights reserved. Editorial Board Peter Breuer, Tracy Francis, Editorial Production This publication is not Jan Henrich, Greg Kelly, Sajal Elizabeth Brown, Roger intended to be used as Kohli, Jörn Küpper, Clarisse Draper, Gwyn Herbein, the basis for trading in the Magnin, Paul McInerney, Pamela Norton, Katya shares of any company or Tobias Wachinger Petriwsky, Charmaine Rice, for undertaking any other John C. Sanchez, Dana complex or significant Senior Content Directors Sand, Katie Turner, Sneha financial transaction without Greg Kelly, Tobias Wachinger Vats, Pooja Yadav, Belinda Yu consulting appropriate professional advisers. Project and Content Managing Editors Managers Heather Byer, Venetia No part of this publication Verena Dellago, Shruti Lal Simcock may be copied or redistributed in any form Cover Photography without the prior written © Rawpixel/Getty Images consent of McKinsey & Company. Table of contents 2 Foreword by Greg Kelly 4 12 22 26 Winning in an era of A new value-creation Agility@Scale: Capturing ‘Fast action’ in fast food: unprecedented disruption: model for consumer goods growth in the US consumer- McDonald’s CFO on why the A perspective on US retail The industry’s historical goods sector company is growing again In light of the large-scale value-creation model To compete more effectively Kevin Ozan became CFO of forces disrupting the US retail is faltering. -
A Case Study of the South Taranaki District
The Impact of Big Box Retailing on the Future of Rural SME Retail Businesses: A Case Study of the South Taranaki District Donald McGregor Stockwell A thesis submitted to Auckland University of Technology in fulfilment of the requirements for the degree of Master of Philosophy 2009 Institute of Public Policy Primary Supervisor Dr Love Chile TABLE OF CONTENTS Page ATTESTATION OF AUTHORSHIP ........................................................................ 7 ACKNOWLEDGEMENT ............................................................................................ 8 ABSTRACT ................................................................................................................... 9 CHAPTER ONE: INTRODUCTION AND BACKGROUND TO THE STUDY ................................ 10 CHAPTER TWO: GEOGRAPHICAL AND HISTORICAL BACKGROUND TO THE TARANAKI REGION................................................................................................ 16 2.1 Location and Geographical Features of the Taranaki Region ............................. 16 2.2 A Brief Historical Background to the Taranaki Region ...................................... 22 CHAPTER THREE: MAJOR DRIVERS OF THE SOUTH TARANAKI ECONOMY ......................... 24 3.1 Introduction ......................................................................................................... 24 3.2 The Processing Sector Associated with the Dairy Industry ................................ 25 3.3 Oil and Gas Industry in the South Taranaki District ..........................................