Blog

Come Visit SiteSeer at the International Council of Shopping Centers Florida Conference & Deal Making

Posted by Sam Lowder on Aug 21, 2017 2:19:11 PM

We’re just a week away from the International Council of Shopping Centers (ICSC) Florida Conference & Deal Making in Orlando. The SiteSeer team will be there and we’d love to meet you!

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6 Pitfalls of Growing Your Retail/Restaurant Chain Too Fast

Posted by Sam Lowder on Aug 4, 2017 1:00:00 PM

In the world of retail, it’s very common to see businesses that experience some success with one location make the (sometimes hasty) decision to add another (or several)—and for them to want to move quickly. Whether it’s a private company that has their sights set on growing and selling their business or a public company aiming to achieve growth goals, there are lots of reasons that companies want to grow.

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Topics: pitfalls of growing, successful expansion

Food for Thought on Amazon’s Purchase of Whole Foods

Posted by Sam Lowder on Jul 21, 2017 8:05:00 AM

Anyone who knows us personally here at SiteSeer knows that many of our team members have worked for, and with, the grocery industry for many years. So, when the news came out recently that Amazon was seeking to acquire Whole Foods, we were intrigued and surprised.

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4 Tips to Backfill Your Shopping Center When an Anchor Tenant Closes

Posted by Sam Lowder on Jun 15, 2017 8:00:00 AM

As a developer, property owner, or commercial real estate broker, your goal is to have the lowest vacancy rates in your shopping centers as possible. Sometimes that’s easy, other times not so much. But in the ever-changing retail market, what about when a shopping center loses an anchor tenant that was the main attraction for the entire shopping center? What is the best way to attract a replacement tenant that will prevent smaller retailers in the center from experiencing a significant decline in business or choose to leave?

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SiteSeer is Headed to the International Council of Shopping Centers RECon in Las Vegas

Posted by Sam Lowder on May 15, 2017 11:35:24 AM

We’re a week away from the International Council of Shopping Centers (ICSC) RECon, and we couldn’t be more excited. If you’re coming to ICSC May 21-24, don’t miss your chance to learn more about SiteSeer Professional in person. Our booth is N1124—stop by or schedule a meeting with us ahead of time.

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Is Brick-and-Mortar Retail Dying?

Posted by Sam Lowder on May 3, 2017 8:00:00 AM

All it takes is a quick Google search of “retailers closing” to discover news story after news story about retail chains large and small experiencing shrinking sales and closing locations. Yes, big chains like Macy’s, JCPenney, Sears/Kmart, Payless ShoeSource, and others have been shuttering stores. Some analysts and journalists have dubbed the last few years the “retailpocalypse” and are actively predicting the demise of brick-and-mortar retail. But is retail dying?  Let’s look at some of the reasons behind recent store closures to accurately answer that question.

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Topics: Retail Data Analysis

Are You Falling Flat with your Franchise Expansion Strategy?

Posted by Sam Lowder on Mar 17, 2017 8:00:00 AM

If you’re a franchise organization, you know well how important it is to understand the markets into which you are expanding so you can maximize their potential and increase sales. Too often, franchise concepts come to us when they have 20 franchised locations when it would have been better to implement a consistent strategy from the start. While the shotgun approach to franchise expansion might not cause problems for a while, developing a territory plan before you sell more franchises will ensure that you don’t limit your overall capacity for growth. In other words, taking a smart approach to franchise development will allow you to sell more successful franchises in the long run.

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Topics: Data for Small Businesses, Retail Data Analysis

The Cost of a Bad Location

Posted by Sam Lowder on Mar 2, 2017 8:00:00 AM

Whether you’re launching a new retail or restaurant business or expanding your concept to open new sites, you know already that the location you choose is key to your success. But consider this stark fact: choosing the wrong location could lead to lost revenue that you never recoup and have a ripple effect across your chain—even if you have an attractive concept and a respected, established brand.

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Topics: Retail Data Analysis

4 Best Practices in Site Selection

Posted by Sam Lowder on Jan 26, 2017 8:04:00 AM

Every day, we talk with retail companies, franchise organizations, and other businesses that want to select sites that give them the best potential for profitability and success. Here’s the stark truth: most companies have room for improvement when it comes to site selection. And as we all know, hindsight is 20/20. It’s very easy to think back and wish that you knew certain things about a site when you chose it. While you should be wary of any company that promises a methodology or tool that sounds a lot like a crystal ball, there are certain things you can do to choose better sites in the future and minimize costly mistakes.

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Attention Brokers: How Are You Identifying Potential Tenants

Posted by Sam Lowder on Jan 12, 2017 9:06:00 AM

Retail site selection done right is all about using data to your advantage. If you’ve been largely successful in leasing vacant space, it probably means you have a good process in place to determine what retail and service gaps are missing in a trade area and fill those demands in your shopping center.

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