In the last month or so, you’ve probably seen a lot of news stories about the economy as experts reflect on the last year and look toward the future. Interest rates remain high and inflation is still a big concern, but there are positive signs too…and plenty of indicators that astute retail chains should pay attention to.
Tis the season to spend money! The holiday shopping season is well underway, with Americans getting out their wallets to buy gifts for many of the important people in their lives. Retailers consider the time between Thanksgiving and Christmas one of the most important of the year, putting on big campaigns around Black Friday, Cyber Monday, and the weeks thereafter.
For as much as we all hear about the tumultuous retail landscape, there are plenty of positive signs:
It's been an interesting time for retail businesses (and commercial brokers and real estate developers).
Here’s a scenario we’ve seen a lot here at SiteSeer: an entrepreneur starts a business. Maybe it’s a retail business of some kind—a boutique clothing store, an ice cream shop, a bike shop—or maybe it’s a restaurant.
The SiteSeer team just returned from ICSC 2022 in Las Vegas this week and what a great experience after two years of virtual conferences. We enjoyed seeing longtime colleagues and clients and getting to know so many new people too. Thanks to everyone who came by to learn more about our suite of site selection and market analysis tools!
We’re excited to share some news about a new way to access the power of SiteSeer—a mobile application that is currently in development!
SiteSeer knows market research, retail real estate, site selection and more, but we never purport to know more about an industry than those working in it day in, day out. That’s why when we wanted to dig deeper into the state of commercial real estate in the United States, we decided to turn to two experts in our network to get their insights.
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.
For years, many have debated the death of shopping malls. The rise of ecommerce has been a big contributor to the struggles of brick-and-mortar retail, and many analysts and other experts have been talking about how these changes are impacting the American institution known as the shopping mall: