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.
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.
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
Already have an account? Sign In Now
*May exclude premium content© 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.
