RCS Real Estate Advisors’ Post

As more shoppers turn to digital platforms for their purchasing needs, the physical footprint of retail stores is evolving to keep pace with new consumer behaviors and expectations. In this new blog post, Nicole Larson of #ColliersRetail explores how the historical evolution of retail store footprints is not just a reflection of change, but a dynamic shift towards creating experiences beyond traditional shopping. Click here to read: https://ow.ly/hrN350RG7an

Why are pop-ups so exciting in the world of retail? They create urgency for a visit, which drives value for the shopping center owner and the other retailers in the space. They give retailers and product companies the ability to test physical spaces, leverage seasonal opportunities and create experiences that deepen the customer relationship without needing to commit long term. For the consumer, the opportunity to engage and the push to go somewhere within a limited period of time creates excitement within the shopping experience. In short - they bring lots of value for most involved in the retail landscape. But the challenge is how to leverage these opportunities at scale and identify the ideal balance between the need for stability and the desire to generate short term excitement. This 'struggle for balance' is one of the most interesting trends to watch in retail in 2024. How do you think it plays out in the end?

Day 71/90 Boosting In-Store Sales Through Foot Traffic Analysis Ever wondered how to turn foot traffic into a goldmine for retail sales? Challenge: A major retail chain struggled with optimizing store layout to maximize sales. Despite high foot traffic, conversion rates were low. Approach: The retailer used data analytics to track customer movements within stores. Heatmaps and path analysis revealed popular routes and underutilized areas. By correlating this data with sales figures, they identified product placements that needed adjustments. Solution: The retailer rearranged store layouts, placing high-margin products along the most frequented paths and creating engaging displays in previously ignored zones. Impact: The new layout led to a 15% increase in sales and improved customer satisfaction as popular items became more accessible. Ready to transform your store's layout based on solid data insights? Share your thoughts on using foot traffic analysis in retail! #retailanalytics #foottraffic #datadrivendecisions #walmart

Five charts from @insider-intelligence on the importance of physical #retail and improving the #store experience > https://lnkd.in/gAxSPA6q

🛍️ Are small-format stores the future of retail? A new report explores how these convenient locations are changing consumer shopping habits. 🛒 Read the full article to learn more and let me know what questions you have.https://bit.ly/4crgLgE #retail #shopping #consumertrends #futureofretail

🌟 Black Friday is just around the corner! Is Your Business Ready? 🛍️🖥️    As the biggest shopping event of the year approaches, businesses are gearing up for the rush of customers, online orders, and inventory challenges. But here's the question: is your system ready to handle it all seamlessly?    At Foxwize, we partner with LS Retail, an Aptos Company, to bring you their all-in-one POS solution, that keeps everything under control—from inventory and sales to customer data and reporting. With LS Central, you can:    ✔️ Track stock levels in real-time ✔️ Streamline checkout processes  ✔️ Deliver a seamless omnichannel experience  ✔️ Gain actionable insights with built-in reporting    This Black Friday, let technology do the heavy lifting so you can focus on delighting your customers. Reach out to learn more about how LS Central can transform your retail operations—not just during peak seasons, but year-round!    #Foxwize #RetailSolutions #LSCentral #BlackFriday2024 #ERPSoftware

2024 has been declared by some as the ‘Year of the Store,’ based on the rebounding demand for physical retail space. “Research confirmed what we already knew: stores are a billboard for the brand and a core driver of sales across both platforms,” shares [Tom McGee], President & CEO of ICSC, in the From Where I Sit monthly newsletter. “Today, industry leaders and consumers alike recognize the undeniable strength and importance of brick-and-mortar retail,” he continues. “Tenants are competing to fill vacated spaces and industry data continues to prove the power of in-person experiences – making 2024 the “year of the store.” See all the factors in the full article: https://lnkd.in/eTgvEPP2 #ICSC #Retail #CRE

Are you ready to transform your retail strategy for 2024? Saturn's latest white paper, "Re-energising Retail: How the 2024 In-Store Experience is Changing and What to Do About It," is available for download! Based on feedback from 2,000 UK workers and a wealth of industry statistics, this guide offers a crucial look at the evolving landscape of in-store shopping. Discover: 🔴 Shifts in popularity of in-store shopping 🔴 Changing consumer preferences towards physical stores 🔴 Retail workers' views on integrating digital technology in-store 🔴 Strategies for creating appealing 'hybrid' stores for today's consumer This white paper provides insights and strategies for retailers to stay competitive and appealing in the modern marketplace. It is perfect for business owners, managers, and anyone interested in the future of retail! Download your free copy now and start redefining the shopping experience. >> https://zurl.co/PiyR #RetailInnovation #FutureOfRetail #RetailStrategy

Are dark stores the future of retail? As consumers increasingly demand convenience, speed, and efficiency, these ghost stores are stepping up to redefine the shopping experience. Want to see how your brand can thrive in the quick commerce era? Read our article: https://bit.ly/4gjHcHw #DarkStores #QuickCommerce #EcommerceTrends #RetailInnovation #CustomerRetention #BrandLoyalty #DigitalShelf #DigitalShelfAnalytics #RetailTech #GhostStores #42Signals

🛍️ Are small-format stores the future of retail? A new report explores how these convenient locations are changing consumer shopping habits. 🛒 Read the full article to learn more and let me know what questions you have.https://bit.ly/4crgLgE #retail #shopping #consumertrends #futureofretail