What’s the True Cost of Selecting a Poor Retail Location?

Posted by Michaele Charles on Jun 22, 2023 2:08:47 PM

Location, location, location! There’s a reason real estate pros joke that the three most important factors in a piece of property are the exact same thing.

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Topics: Retail Site Selection, Analyzing Retail Sites, Restaurant Industry, Restaurant Site Selection, Sales Forecasting

Data Partner Spotlight: Restaurant Trends

Posted by Lance Blick on Oct 26, 2021 5:30:00 AM

If you’re a restaurant chain or real estate professional representing a chain that is expanding in the United States, you should be using Restaurant Trends. This data provider is one of a kind, offering competitor store-level sales data for over 480 restaurant chains across the United States, which they have tracked since 1984. They track all of the major quick-service, fast casual, and full-service restaurants in every state in the U.S.—that’s more than 184,000 locations.

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Topics: Data Partner, Site Selection Software, Restaurant Industry, Data Quality, Restaurant Site Selection

Navigating Decreased Demand if Your Business Thrived During COVID-19

Posted by Lance Blick on Apr 9, 2021 2:24:00 PM

Over the last year, the business headlines have been dominated by companies that have struggled—the restaurants, retailers, and other independent and chain businesses that have seen decreased demand or been forced to operate at reduced capacity for the majority of the past 13 months.

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Topics: Smart Retail Growth, Retail Industry, Retail Site Selection, Restaurant Industry, Coronavirus, Grocery

Has Your Customer Changed During COVID-19, and What Should You Do About It?

Posted by Lance Blick on Jul 23, 2020 5:30:00 AM

The COVID-19 pandemic has changed just about every business, and while some are struggling because their target customers have different needs and buying habits now – whether by choice or due to government mandates, others are experiencing inflated sales because the product or service they provide has become more important to buyers than ever before (we’re looking at you, grocery stores).

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Topics: Retail Industry, Restaurant Industry, Customer Analysis, Coronavirus

How to Study Your Competition During Your Site Selection Process

Posted by Lance Blick on Jan 29, 2020 3:49:31 PM
Step #3 in our Site Selection Checklist for making smart site selection decisions is study your competition.

Too often, we see companies do lots of homework on their customers and trade area and launch right into an expansion plan. Understanding your customer is indeed vital to your success as you grow. But there’s another side of the equation that is extremely important: understanding who you’re going up against.

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Topics: Market Research, Retail Industry, Retail Site Selection, Site Selection Software, Restaurant Industry, Restaurant Site Selection, Competitive Analysis

Five Things You Need to Know About Data Providers

Posted by Lance Blick on Dec 23, 2019 5:15:00 AM

Attention retailers/restaurateurs/operators and executives of other chain businesses: have you ever received an email like this before:

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Topics: Retail Data Analysis, Market Data, Retail Industry, Restaurant Industry, Data Quality

Five Tips for a Better Restaurant Site Selection Process

Posted by Lance Blick on Jul 19, 2019 12:30:00 PM

Location, location, location. Never has the phrase been truer to a business’s success than in the restaurant business. A fantastic concept in the wrong location will underperform, or worse, fail entirely. It’s important that you be diligent in your site selection. Here are five tips on how to improve your process:

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Topics: Site Selection Software, Restaurant Industry, Restaurant Site Selection

Busting the Myth of the Retail Apocalypse

Posted by Lance Blick on Jun 27, 2018 4:30:00 AM

We’ve said it before and we’ll say it again: brick-and-mortar retail isn’t dying, it’s evolving.  Yet, browse the latest articles on retail development and it might not seem so certain. SiteSeer’s team just returned from the International Council of Shopping Centers RECon show in Las Vegas, where attendance was down from years past. It caused us all to wonder: is the market slowing? Are deals still getting done? Is the so-called retail apocalypse actually upon us?

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Topics: Retail Apocalypse, Bricks and Mortar Retail, ICSC, Retail Industry, Restaurant Industry

Building a Site Selection Hotspot

Posted by Lance Blick on May 11, 2018 9:00:00 AM

In Model Builder, one of the most popular tools within SiteSeer, users can create hotspots to narrow down hundreds or thousands of locations across a market to those that are likely to offer them the highest chance of securing a successful site. If you’re a broker or shopping center owner or developer, hotspots can supplement your own expertise with data that tells you if the retail or restaurant chain you’re working with is a good fit for your center or not.

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Topics: Hotspot Analysis, Model Builder, Retail Industry, Retail Site Selection, Restaurant Industry

Using Data to Focus on the Most Important Aspects of Your Business

Posted by Lance Blick on Dec 27, 2017 5:00:00 AM

For several years, some of the most sophisticated, fastest-growing retailers and restaurant chains in the market have been using cutting-edge data analysis to discover actionable insights about their customers, brand, and competitors. Specifically, we’re talking about mobile behavioral data, which has the power to provide companies everywhere highly intelligent business insights.

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Topics: Improving Store Locations, Data Partner, Retail Industry, Restaurant Industry, Data Quality

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