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Retail Owners Invest Cash to Stay Relevant

Ensuring viability is the key to avoid perishing in this ever-competitive environment, says one source in this EXCLUSIVE article on the subject.

By Natalie Dolce | nataliedolce | | Updated on June 16, 2016
Shahin Yazdi, a principal at George Smith Partners Shahin Yazdi, a principal at George Smith Partners
The retail market is changing rapidly and retail owners across the US are investment a great deal of money to stay relevant in the market. Those thoughts are according to Shahin Yazdi , a principal at George Smith Partners , who recently chatted with GlobeSt.com on the subject. According to Yazdi, “Consumers continue to demand unique environments, and retail owners are responding.” For example, he points out that in Los Angeles, the Beverly Center is embarking on a huge food-centric renovation, while Westside Pavilion plans to create a more open environment. “Today’s retailers are focused on providing an experience, and it is up to retail owners to create spaces that consumers love.” His advice for retail owners? “Store sales remain a key component in lender evaluations,” he says. “Today’s retailers are diverging in many directions, and there are many factors that can affect even the strongest retailers.” He says that retail owners considering tenants should ask themselves is the retailer has an online presence. Are they shipping to their customers? What are they doing to stay alive? For example, when working to finance a CVS or Walgreens in today’s retail environment, lenders want to know if the property has a drive-through, he explains. “This convenience is in high demand, and thus is a major factor as lenders decide to fund.” Overall, he tells GlobeSt.com, “retail owners must look at the retailers they are considering and ask themselves: How viable is this retailer’s operations? Ensuring viability is the key to avoid perishing in this ever-competitive environment.”

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