The Strip Mall Insider–Retail Commercial Real Estate Coaching
By LC on Jan 16, 2008 in Commercial Real Estate, Featured Articles, Strip Malls | comments(2)
Pick Up Stix, a San Clemente,CA based chain of fast casual Asian restaurants, has shuttered 26 stores in Northern California, Nevada, and Arizona as of January 15, 2008. Apparently there was no notice given to the local employees, according to the buzz on Elk Grove, CA based Elk Grove Online (requires registration).
“We have made the […]
By LC on Jan 15, 2008 in Commercial Real Estate, Strip Malls | comments(3)
Strip Malls Soon To Get A New Player with Marketside
Today Wal-Mart announced plans to roll out “Marketside,” a concept intended to compete head on with the UK Giant Tesco, doing business in the U.S as Fresh and Easy.
The story is still developing, and the figures in the Forbes article below are incorrect. They state […]
By LC on Jan 11, 2008 in Ask The Strip Mall Insider, Featured Articles, Retail Business Coaching | comments(0)
If your franchisor doesn’t have a good income and expense model, or if you’re on your own and you need to estimate the most rent your can pay, here’s a quick calculation for you. From Ask The Strip Mall Insider…
By LC on Jan 9, 2008 in Quote of the Week | comments(0)
To paraphrase Art Linkletter, “Strip Mall Retailers Sometimes Say the Darndest Things!” I know they mean well, but…. You can’t make this stuff up!
By LC on Dec 28, 2007 in Featured Articles, Retail Business Coaching | comments(0)
While blogging is still in its infancy for most traditional businesses, there are certain sectors that can benefit greatly from maintaining a blog or interactive web presence. These sectors include professionals, consultants, and yes…..strip mall retailers. Micromarketing is coming on strong, Find Out Why
By LC on Dec 16, 2007 in Featured Articles, Retail Business Coaching, Strip Malls | comments(3)
Behavioral Patterns of Winning Tenants and Great Landlords
Part Two of a Multi-Part Series
In our first article in the series, “4 Rules for Strip Mall Tenants Before Lease Signing,” we gave some guidelines for prospective strip mall tenants. This article discusses questions a landlord must ask that tenant before a commitment (lease) is executed in […]
By LC on Dec 4, 2007 in Featured Articles, Retail Business Coaching | comments(2)
Behavioral Patterns of Winning Tenants and Great Landlords
Part One of a Multi Part Series
The actions suggested in this article are a result of back testing failed strip mall retailers and the reasons for their failure. Prospective tenants should use this as a basic but mandatory checklist prior to signing a lease.
By LC on Dec 1, 2007 in Consumer Behavior, Retail Business Coaching | comments(0)
Consumers have a predisposition for a shopping pattern for each product considered for purchase, according to Nielsen. The general categories are “grab-’n’-go,” “open to influence by buzz,””seeking new tastes and new formats,” and “price-sensitive.” Retailers must know which products are characterized by each mode, and should merchandise accordingly. The following chart lists examples […]
By LC on Nov 15, 2007 in Retail Business Coaching | comments(0)
11-15-07 This evening I was in a local Starbucks which is not a leader in the region. I asked them how their sales trends had been over the last couple of months.
“Slightly down, until we went “red,” smiled the young lady behind the counter, “and since that day we’re up $5,000 a week!”
