Embracing Omnichannel: E-commerce Strategies for Brick-and-Mortar Businesses

Posted by Sam Lowder on Aug 24, 2020 4:24:22 PM

At the end of March 2020, the world of retail was struggling in ways it has never struggled before.

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Topics: Smart Retail Growth, Omnichannel Retail, Bricks and Mortar Retail, Retail Industry, Coronavirus, Grocery

Grocers Ready to Grow: You Need an Expansion Plan

Posted by Sam Lowder on May 15, 2020 10:46:46 AM

Two months into our global shutdown due to the coronavirus pandemic and one thing is pretty clear: there are some businesses that are inherently built to withstand a crisis like this one. One such industry: grocery.

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Topics: Smart Retail Growth, Market Research, Capital Planning, Retail Industry, Coronavirus, Grocery

COVID-19 Correlations & Observations for Retailers, Real Estate Professionals

Posted by Sam Lowder on Apr 28, 2020 4:05:13 PM

Our business is helping companies turn data into insights.  And we can’t help but wonder: what does the data show when it comes to where coronavirus is most prevalent?

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Topics: Smart Retail Growth, Data Study, Retail Site Selection, Data Quality, Coronavirus

Expanding Your Retail Chain When Changing Format Types

Posted by Sam Lowder on Feb 13, 2020 4:00:00 PM

There are times that it makes good sense for a chain business to expand, and there are times it makes sense for that chain business to expand in a different way than they have in the past (to better reach customers).

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Topics: Retail Data Analysis, Smart Retail Growth, Retail Industry, Customer Analysis

A Look at Retail’s Renaissance in 2019, Per IHL Group

Posted by Sam Lowder on Jan 14, 2020 10:14:00 AM

There are two scary words that nobody in the retail industry likes to hear: retail apocalypse.

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Topics: Smart Retail Growth, Retail Apocalypse, Data Study, Bricks and Mortar Retail, Retail Industry, Retail Site Selection

Omnichannel Retail: Where Bricks-and-Mortar Meets E-Retail

Posted by Sam Lowder on Jan 15, 2019 5:17:00 AM

We’ve talked before on this blog about the general impression that brick-and-mortar retail is dying a slow death and why that simply isn’t true.

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Topics: Smart Retail Growth, Retail Apocalypse, Omnichannel Retail, Bricks and Mortar Retail, Retail Industry

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

Capital Planning 101: Improving the Stores You Have

Posted by Sam Lowder on Nov 27, 2018 12:51:49 PM

Many businesses trying to grow the smart way recognize that capital planning involves an analysis of both short- and long-term needs and goals before they decide where their dollars are best spent. Regardless of how you plan your budget, your goal, of course, is to boost revenue. The question is: what capital expenditures are most likely to make that happen?

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Topics: Smart Retail Growth, Capital Planning, Improving Store Locations, Retail Industry

Understanding How Retailers Define Retail Trade Areas

Posted by Sam Lowder on Mar 16, 2018 4:57:00 AM

If your town is large enough to have an economic development council, that council is probably tasked with analyzing your market in order to attract businesses and retailers to the community. To do this effectively, one of the very first steps you should take is to define your town’s trade area.

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Topics: Smart Retail Growth, Retail Trade Area, Retail Industry, Market Potential

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