GlobeSt.com is providing wall-to-wall coverage of ICSC's RECon show in Las Vegas May 19-22. Subscribe to the Retail Ticket for pre-event articles, live video interviews on site and post-conference analysis.

LAS VEGAS—“The biggest trend we are tracking is 'internet resistant' retailers. Those who can survive, long term, in the brick and mortar space.”

Those thoughts are according to with Deena Zimmerman, VP and national retail council co-chair of SVN, who chatted with GlobeSt.com about all things retail surrounding the ICSC RECon conference happening now in Las Vegas. According to Zimmerman, who specializes in retail tenant representation in addition to assisting clients in purchasing investment properties like Dollar General and value add shopping Centers, fitness users and fast casual restaurants are just hitting their stride.

She tells us that she doesn't see those users going anywhere “especially when you see boutique fitness (pilates, yoga, spin, etc) and the Planet Fitness and Anytime Fitness' of the world (just to name a few) have become the darling of any shopping/lifestyle center along with beauty retailers like Ulta, who are also expanding into this space like wildfire, putting up strong quarterly numbers.”

Same goes for fast, casual food, she says. “We are now seeing celebrity chef's move into the fast casual arena, which makes it even more exciting to be a part of retail right now.”

While a lot of retailers have shuttered their doors, she says she is seeing an influx of just as many coming to the market as the “clicks to bricks” trend continues to pick up. “At some point these successful online retailers have to enter the physical brick and mortar space, which is why I do not believe there is going to be a retail apocalypse.”

She says just the opposite, in fact, and says it is the most exciting time to be in retail. “Discount retail is not slowing down and I believe that Nordstrom Rack may indeed be outpacing Nordstrom.  TJ Maxx/Marshalls/Home Goods, Ross Dress for Less, Dollar General, etc.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

Las Vegas
National
Feature
Retail
Capital Markets
Development
Economy
Leasing
Technology