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tell us moreIn today's competitive retail landscape, shopping centers need strong anchor tenants to attract customers. Brick-and-mortar grocery stores, once considered potentially threatened by online giants, are wielding the power of omnichannel strategies to boost foot traffic throughout not only their own stores, but the entire center they anchor. Here's how: Tech-Powered Transformation: Building a Symphony of Efficiency The secret...
In the competitive world of retail, understanding your target audience is critical for success. But simply knowing who your ideal customer isn't enough. You need to reach them where they are, and grocery-anchored centers can offer an ideal location to reach a variety of customer bases. These centers, anchored by major grocery stores, boast strong, consistent foot traffic from a diverse range of demographics. They also serve a...
The rise of online grocery shopping has left many to wonder what the impact will be on the traditional brick-and-mortar store model. While online grocery sales have undoubtedly experienced a surge in recent years, particularly during the pandemic, the answer to this question is not as clear-cut as it may seem. After a Pandemic driven spike, total sales have stabilized over the last few years. For owners of grocery-anchored...
Running a retail store in the digital age presents both opportunities and challenges. On one hand, digital technology has made it easier to reach customers, process transactions, and manage inventory. On the other hand, increased competition and changing consumer preferences require retailers to stay up to date with the latest digital trends and technologies. Leasing expert and Director of National Accounts Brian Sheehan share...
Finding the perfect retail space to lease can be a daunting undertaking. There are many questions: where are the good markets, how much space do I need, and how long will it take to open? These are all valid concerns you may have. Leasing specialists at Phillips Edison & Company (“PECO”) have created this brief guide to help you find the perfect retail space that suits your business. Below we discuss 4 important po...