Blog

Capital Planning 101: Building New Stores

Posted by Sam Lowder on Dec 13, 2018 6:27:00 AM

Last month on the blog, we talked about capital planning that focuses on improving the stores and locations already in your portfolio to ensure they each fulfill their potential. If your capital plans include opening new stores as well, you want to ensure you are making decisions that maximize your returns.

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Topics: Smart Retail Growth, Capital Planning, Building New Locations, Retail Industry, Market Potential

Tips for Using Location Profiles to Build Models in SiteSeer

Posted by Sam Lowder on Jun 15, 2018 6:31:00 AM

Last month, we rolled out location profiles, which are templates within SiteSeer’s Model Builder tool. These profiles help users through the sometimes-arduous task of building models, whether they have a starting point already or need to cost-effectively build a model from the ground up.

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Topics: Model Builder, Location Profiles, Building New Locations, Retail Industry, Tenant Rep Brokers & Developers Industry

Have You Built a Long-Term Expansion Plan?

Posted by Sam Lowder on Dec 15, 2017 6:32:00 AM

If you’re expanding your retail or restaurant chain without any sort of plan in place, hit the pause button. It’s one thing to plan the opening of one new location, but it’s an entirely different endeavor to plan for five or 50 locations.

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Topics: Smart Retail Growth, Building New Locations, Retail Industry, Retail Site Selection, Restaurant Industry, Market Potential

The Cost of Losing a Customer

Posted by Sam Lowder on Nov 10, 2017 2:41:00 PM

If you’ve read about the importance of customer service, you’ve probably heard that making customers feel valued and heard is good for much more than just your brand—it’s critical to your bottom line. We've talked before about the cost of a bad location. How about the cost of losing a customer? Sources around the globe say that the customer experience is at the core of your customers’ buying decisions and that the cost of losing a customer can be more than you think.

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Topics: Improving Store Locations, Building New Locations, Retail Industry, Analyzing Retail Sites, Restaurant Industry

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, Building New Locations, Retail Industry, Retail Site Selection, Restaurant Industry