Posts categorized: Retail

Retail /

In-Store Vertical Farms

by: Mike Boehm, Orput Companies Property Management Director

With the success of organic products, athleisure, and wearable technology proving that health and fitness is no longer a trend, but a lifestyle that is here to stay, it is no surprise that major retailers are making major changes for their slice of the pie (or maybe I should use something healthier than pie in this idiom).

But, would you pick your own lettuce while at the store? Target thinks so. Read The Daily Meal‘s blog post for what the retail giant is planning for 2017.

Marketing, Retail /

Seeking Tenants that
Multi-Channel Market

by: Mike Boehm, Orput Companies Property Management Director

Considering information from the National Retail Federation’s article on expendable and untouchable items costs, Internet service is 47% more “untouchable” as a personal budget cut than cable TV service, what does this mean if you operate a retail store? How are you reaching your core customer? If you are solely relying on print/radio/ and TV advertising you are in for a rough ride. The successful retail tenant is figuring out how to operate in a multi-channel environment.

How does this affect property managers/Landlords whose primary tenant base consists of one store owners? Every business needs to nail three items: the right price, the right service and the right product. Depending on the location and the target market the order of these three items may change but the message still needs to be delivered to the core customer. Property managers and Landlords need to do a good job during the screening of prospective tenants to ensure the tenant is prepared to succeed in a multi-channel shopping environment. The property manager/Landlord is likely using funds on tenant improvements in order to secure the tenant, it is only prudent for the property manager/Landlord to review the tenants business plan and how the tenant plans to market their business in order to make an informed leasing decision.

photo credit: startupstockphotos.com
Helpful Tip, Retail /

Consider Vinyl Plank

by: Mike Boehm, Orput Companies Property Management Director

Are you moving-in or remodeling? Vinyl plank flooring is a great option in a retail setting, the cost to install is higher but the maintenance cost is lower and the life expectancy is much longer than carpet. Some of the styles are water resistant making this a great option for retail users located in a cold weather state.

Read more about how interior design trends are shifting to vinyl options.

photo credit: Seemi Peltoniemi
Retail /

A Personal Connection in a Tech World

daniel and the lion

I recently read an article about the survival of brick-and-mortar malls within the current internet-shopping age. Although it is true that internet shopping has seen tremendous growth over recent years, there is still one aspect of the traditional shopping experience that technology cannot replace: personal connection.

Rather than trying to beat the world wide web on prices, shopping malls offer customer relations, a one-stop social atmosphere with a retail/restaurant mix, and entertaining events. Take Edgebrook Shops—our local outdoor mall that in addition to offering a unique blend of locally-owned shops, restaurants, and service businesses, holds multiple events annually— for example.

Rather than being simply a mall, Edgebrook is a destination. Come to buy goods, plus stop at the coffee shop to catch up with your friend. Perhaps, spot the perfect item you were looking for in the store window as you walk by en route to Edgebrook’s weekly farmers market. Grab a bite to eat with friends at one of Edgebrook’s restaurants and stay for the free outdoor concert.

In today’s market, the local mall is reinvented. No longer the only means for shoppers to buy what they desire, it is now positioned as the neighborhood meeting place. The place to talk with your neighbors, purchase local goods, and come to be entertained.

source: http://associationsnow.com/2015/02/shopping-centers-boosting-game-age-amazon