LARealEstateBrief’s Post

Last week's UK retail updates brought some significant news and insights. From department store leadership changes and restructurings to new store openings and impressive financial results, there's a lot happening in the industry. These developments are a clear sign of how UK retailers are adapting and innovating in response to market dynamics. What are your thoughts on these recent trends and their potential impact on the future of UK retail? #RetailInsights #Leadership #MarketTrends #UKRetail

Another bumper haul from the last seven days coverage from Retail Week Big week of #departmentstore exclusives, spearheaded by the one and only George MacDonald. 👚John Lewis & Partners restructuring its buying and merchandising teams in an effort to "turbocharge" growth: https://shorturl.at/hTQ17 👨💼 Fenwick names department store veteran Nigel Blow as new CEO as it prepares for "next phase" of business development: https://shorturl.at/Uftd9 🛍 Sticking with the department store theme, George's column thundered 'Department store leadership merry-go-round shows a sector adapting to change': https://shorturl.at/GTte4 📈 The long-read last week from Ellis Hawthorne ranked the UK's most productive department stores with luxury London destination Selfridges coming out on top: https://shorturl.at/Dd3Rk 🌦 Next issued its results last week, beating all expectations despite a wet, windy and cold start to summer: https://shorturl.at/1TbS3 🏬 Megan Robinson visited Southside Shopping Centre in London in Wandsworth to see how the site has been investing in its mix to take the fight back to Battersea Power Station: https://lnkd.in/eawjyFy8 🍭 Chloe M. sat down with Candy Kittens co-founder and CEO Edward Williams to discuss the brand’s growth, the importance of retail partners, why every business wants B Corp status and the secrets to its sweet success: https://lnkd.in/eHpyH5RE 👟 Ritika Bhoora sat down with JD Sports Fashion global managing director Michael Armstrong in the retail giant's new Westfield Stratford flagship to discover why the store is becoming the blueprint for its global roll out: https://lnkd.in/ewCEf3Qa 🧘♀️ Alo Yoga's new flagship store on Regent Street also opened last week, featuring its “studio-to-street” collection and, of all things, a live tree: https://lnkd.in/e9AaaS22 🏪 I had a look at which retailers are eyeing off the more than 200 stores being left vacant by the collapse of Carpetright: https://lnkd.in/ezJ4YW9S 🌭 Greggs CEO Roisin Currie alos discussed price rises, eyeing up new stores, winning share from the fast-food giants and whether the Euros and Olympics have boosted footfall and sales: https://lnkd.in/eXNTbnCZ 🤖 Lisa Byfield-Green's column was on Amazon and how the retail titan is feeling the heat from the likes of Temu: https://lnkd.in/e4K_cxbD

Retail space continues it's evolution to smaller footprints. How will the larger spaces allow for continued growth moving forward. Solutions in CRE are the key. #cre #expansion #retailrealestate #retailleasing #development #economicdevelopment https://lnkd.in/er28FGpE

Some more about Retail Revitalization in Plano

https://lnkd.in/gbDmTRFh <== Read more here The Comeback of Michigan Avenue: Chicago’s Retail Scene Is Popping Off! Who said the Magnificent Mile was down for the count? After a rough few years with sky-high vacancy rates and empty storefronts, Michigan Avenue is flipping the script in 2024, and it’s more exciting than ever. What used to be the golden child of Chicago’s shopping scene took a serious hit during the pandemic, but things are heating up again! Let’s take a look at how Michigan Avenue is bringing the buzz back with new shops, experiences, and a complete glow-up in progress. Rising from the Ashes (Like a Retail Phoenix) Yes, the pandemic made the Magnificent Mile feel like it was a ghost town, with vacancy rates soaring over 30%. H&M, Uniqlo, and other heavyweights pulled out, leaving some prime real estate up for grabs. But now? We’re talking major foot traffic, new retailers, and some seriously cool attractions that are exactly what this stretch of Chicago needed.

Understanding Prime Retail Property in Victoria, Texas ✅ Let's explore a fantastic retail space in Victoria, TX! This 33,400 sq. ft. multi-tenant shopping center, anchored by Planet Fitness and shadow-anchored by Aldi, offers a great example of strategic retail placement. Located at the high-traffic intersection of Navarro and Sam Houston Drive, this center benefits from over 37,000 cars passing by daily, providing excellent exposure for its tenants. With multiple access points and minimal improvements needed, it showcases how long-term leases and strategic positioning can maximize customer reach and investment potential. Victoria, TX, serving a population of 111,663 in the Victoria MSA, highlights the importance of location in retail success. Key intersections with signalized traffic control, like this one with a Walgreens on the hard corner, demonstrate how accessibility and visibility are crucial for retail hubs. #RetailInsights #VictoriaTX #CommercialRealEstate #PrimeLocation #HighTraffic #UrbanPlanning #RetailStrategy #EconomicDevelopment

Columbus' retail scene is hotter than ever! 🔥 Here’s a breakdown of some trends I have seen: -Tight Market: Inventory is scarce, leading to positive net absorption & rising rents especially exhibited in primary submarkets/sectors (Dublin, New Albany, Grandview, Grove City, Hilliard, Lewis Center, etc.). 📈 -Experiential Retail: With large store closures and bankruptcies of BB&B, Party City, Rite Aid, (Big Lots potentially imminent), etc. junior and big box space is being absorbed with not only the traditional backfills, but also experiential users like pickleball concepts and golf simulators. -Smaller Format/DT Only: Significant inflow of small format users that can fit on small and/or unique parcel sizes. Scooters, 7 Brew, and Dutch Bros are examples. -Culturally-inspired Franchise Concepts: Juice bars, coffee shops, smoothie concepts, mochi, and more are becoming more prevalent in supply. -Development Challenges: Construction costs (specifically labor) continue to remain high, coupled with rising land costs, seemingly developers are having challenges in the free-standing construction space to make deals pencil. I am seeing a pivot to multi-tenant strip retail with rents ranging from $45-55/SF/YR NNN. What other trends are you seeing in the Columbus market? Let's chat! 💬 #ColumbusOhio #Retail #RetailLeasing #RealEstate #CommercialRealEstate #RetailTrends #ExperientialRetail #MarketTrend

More Exciting #Retail News for #BuckheadAtlanta - Two key takeaways: 1. #Buckhead becoming the first #Georgia location for #luxury retailers, 2. Revitalization of #PaceFerryPlaza, #PhippsPlaza and #LenoxMall https://lnkd.in/g-c9nRTi

Interesting article on the state of retail in the downtown core, and the potential for Pacific Place as a catalyst for revival.

Big Lots Files for Bankruptcy; LL Flooring To Close Additional Stores In the “Weekly US and UK Store Openings and Closures Tracker 2024” reports, Coresight Research explores the retail landscape to bring you the latest data and developments on major players’ store footprints. The latest report, for week 37 of 2024 (ended September 13), includes updates from Alimentation Couche-Tard, Big Lots, Dollar Tree Stores, LL Flooring and other retailers. Data in this research report include: • Week-by-week comparisons of announced store closures and openings in the US and the UK—2024 vs. 2023 • Major US and UK store closures and openings, 2024 • Major US and UK retail bankruptcies—2024 and 2023 Understanding store trends is crucial for making informed strategic decisions and staying ahead of market dynamics. Subscribe to access this report: https://lnkd.in/dZkBfMup This premium report is available exclusively to subscribers. Not a subscriber? Send us a DM to become one. #USretailmarket #UKretailmarket #storecount #expertanalysis