MarketDial’s Post

Landlords and tenants leverage data and technology like never before to drive success. The industry is evolving quickly from foot traffic analysis and brand matching platforms to facial recognition for deeper customer insights. As malls adapt to changing consumer habits, data is increasingly important in guiding decisions on tenant mix and anchor tenant choices. It is an exciting time to be in the retail industry. Click the link below to learn more about what the future holds. https://lnkd.in/gXjMrDpe #RetailRealEstate #RetailSuccess #FacialRecognition #TenantMix #AnchorTenants #RetailTech #LocationAnalytics

Find that perfect location: Draw in your ideal clientele, dodge market cannibalization, and step into transformative retail success! 🕵️ How to identify your best-performing locations with Echo: 👉 Foot Traffic Analysis:  Every visitor is a story. Get the right data to translate these stories into actionable insights. Measure, analyze, and refine your strategies based on real-world movement patterns. Understand who visits, when they visit, and what might draw them in. 👉 Physical Layout Insights:  A location is more than just coordinates; Echo ensures you always get the complete picture. Visualizing a shopping mall or understanding the logistics around parking lots is pivotal in comprehending space dynamics. Get a bird's-eye view of your location but with laser focus. 👉 A Competitive Edge:  Who are your neighbors? Competitors? Or potential collaborators? Echo Analytics' data offers unmatched insights into the competitive landscape, empowering businesses to position themselves strategically. It's like having a chessboard where you can foresee multiple moves ahead. Why Echo: Unparalleled Data Integrity. In a world inundated with data, quality is crucial. Echo Analytics is committed to delivering accurate and up-to-date datasets enriched with differentiating attributes to outmaneuver the competition. Get the right #data to champion your #retail site selections. Get in touch.

Beware of doom and gloom articles and videos, construction and real estate tend to be cyclical and most segments adapt to the changing landscape. While retail has had pull backs due to e-commerec/recessions/etc, it has benefited from years of underbuilding and consumer preference for omnichannel strategies. The Dodge Data and Analytics Forecast shows growth in the retail segment over the next couple of years. A good, quick read on the false narrative of the retail apocalypse that has been a popular topic for the past decade plus. It will be interesting in 10 years to look at the office space and see how it adapted. https://lnkd.in/eUUr8EkU

It goes without saying, though we are able to anyway, that retail success is a fast-moving target. Staying ahead of the game by adapting to change and leveraging up-to-date data can help brands determine what’s possible in a retail real estate landscape that is constantly evolving. We've outlined a few factors impacting retail real estate right now. Take a look. #RetailIndustry #RealEstate #RetailTrends

Understanding the retail landscape is paramount when robust growth is one of your strategic aims. So when conducting market research, it's not just about numbers; it's about capturing the essence of customer experience. We believe in leaving no stone unturned, which is why we emphasise the significance of exploring various retail formats. 1. Shopping Malls: The hub of social interactions and brand discovery. Unveil the power of foot traffic and the allure of window displays, gaining insights into the pulse of shopping trends. 2. Retail Parks: Where convenience meets choice. Dive into the world of accessible shopping options and observe how consumers integrate shopping with their daily routines. 3. Online: The virtual storefront that never sleeps. Explore the realm of e-commerce, deciphering user interfaces, digital marketing strategies, and the evolving dynamics of online shopping. 4. City Centres: The heart of urban living and impulse purchases. Understand how storefronts blend into the urban fabric and the psychology behind spontaneous buying decisions. When clients entrust us with market research, we go beyond data collection. We step into the shoes of consumers, experiencing products and competitors from their standpoint. By embracing these diverse customer routes, we bridge the gap between brands and their audiences, offering invaluable insights for strategic growth. So we are off to a retail park today for part 2 of our research for a client project, looking forward to finding inspiration and innovation there. #MarketResearch #RetailAnalysis #CustomerExperience #ConsumerInsights #BusinessGrowth

Understanding the retail landscape is paramount when robust growth is one of your strategic aims. So when conducting market research, it's not just about numbers; it's about capturing the essence of customer experience. We believe in leaving no stone unturned, which is why we emphasise the significance of exploring various retail formats. 1. Shopping Malls: The hub of social interactions and brand discovery. Unveil the power of foot traffic and the allure of window displays, gaining insights into the pulse of shopping trends. 2. Retail Parks: Where convenience meets choice. Dive into the world of accessible shopping options and observe how consumers integrate shopping with their daily routines. 3. Online: The virtual storefront that never sleeps. Explore the realm of e-commerce, deciphering user interfaces, digital marketing strategies, and the evolving dynamics of online shopping. 4. City Centres: The heart of urban living and impulse purchases. Understand how storefronts blend into the urban fabric and the psychology behind spontaneous buying decisions. When clients entrust us with market research, we go beyond data collection. We step into the shoes of consumers, experiencing products and competitors from their standpoint. By embracing these diverse customer routes, we bridge the gap between brands and their audiences, offering invaluable insights for strategic growth. So we are off to a retail park today for part 2 of our research for a client project, looking forward to finding inspiration and innovation there. #MarketResearch #RetailAnalysis #CustomerExperience #ConsumerInsights #BusinessGrowth

Discover the top 5 benefits of implementing people counting in shopping malls in our latest blog post. Dive into interesting topics, including: - Tenant Revenue Management - Facility Management - Strategic Event Planning ... and more valuable tools that contribute to a proper visitor flow and an ideal tenant mix in your mall for improved customer experiences. #peoplecounting #dataanalytics #softwaredevelopment #retail #malls #shoppingandtheretailindustry #facilitymanagement #tenantmanagement https://lnkd.in/de6hGcQR

The Significance of Trading Density in a Shopping Center Among the various metrics used to gauge a shopping center's success, "trading density" emerges as a crucial indicator that unveils the economic prowess and efficiency of a retail space. Understanding Trading Density:Trading density, also known as sales density, is a fundamental measure that quantifies the revenue generated per unit of selling/leasing space within a shopping center. It allows retail property owners and managers to gauge the financial productivity of their tenants and ascertain the overall performance of the shopping center. A high trading density signifies robust sales performance, while a low one may indicate potential challenges that need attention. The Importance of Trading Density Economic Performance: Trading density serves as a direct reflection of a shopping center's economic performance. By monitoring this metric, investors and stakeholders can assess the center's ability to generate profits, attract foot traffic, and retain retailers. Tenant Attraction and Retention: Retailers are naturally drawn to shopping centers that demonstrate high trading densities. An environment of strong sales potential encourages tenants to set up shop, leading to a diverse and vibrant mix of stores that, in turn, attracts more customers. Optimizing Retail Mix: Trading density assists in optimizing the retail mix within a shopping center. By identifying the most successful stores, property managers can curate a tenant mix that complements each other's offerings, driving further sales growth. Efficiency Indicator: Trading density can also act as an efficiency indicator for retailers. By comparing their own sales per square foot with the shopping center's average, retailers can gauge their performance and identify areas for improvement. Interpreting Trading Density Results: The interpretation of trading density results depends on various factors, including the location, target market, and property type. Comparing the trading density of different shopping centers within the same region or category allows stakeholders to benchmark their performance and make informed decisions. By understanding the significance of trading density and regularly calculating and analyzing it, stakeholders can foster growth, attract high-performing tenants, and create thriving shopping destinations that cater to the evolving needs of consumers. It remains an indispensable tool in the quest for retail success in a competitive market. #TradingDensityMatters #RetailSuccessMetrics #ShopCenterPerformance #RetailSpaceEfficiency #RetailMixOptimization

The #ColliersRetail Fall 2023 report highlights the evolving nature of the retail industry and delves into the latest trends and innovations in store formats and customer experiences. Read it here, courtesy of Anjee Solanki and Nicole Larson: https://bit.ly/3riycNV. #ColliersResearch

In 2023, retail adapted to changing consumer behaviors. In 2024, technology and experience will shape the landscape, emphasizing mixed-use developments and strategic partnerships to revitalize office retail, demanding ongoing adaptation from retailers and landlords. Read more in this new blog post from #ColliersRetail’s Anjee Solanki: https://bit.ly/4aBGhOH.