Posted on May 5, 2020 by iwano@_84
Retailing has never been so exciting and easy ever before. Today the excitement both for the retailers as well as for shoppers is in online shopping. The technology enabled platform gives a challenge for marketing companies to innovate and reach out to the customers and provide them the same or better shopping experience as well as engage in customer relationship management.
This calls for constant up gradation of technology as well as new ways of online merchandising and commercial policies to facilitate online buying.
The online shopping has been quickly adapted by the traditional stores too who do not want to lose out to competition. Biggies like Tiffany’s Bailey, Banks and Biddle etc have both internet based online shopping option as well as discount and in store options for their customers.
Online shopping seems to have been a hit with people and especially women. Certain popular segments like fashion clothing, … Read More
Posted on May 3, 2020 by iwano@_84
Renovating a shopping centre is a frequent and planned event to keep the tenants happy, the customers coming back, and the property looking good. This underpins the rental so that the property can compete with other properties in the local area. Failure to renovate or refurbish puts you on the path to poor property performance and rents; this can happen all too quickly. Tenants and rent are a critical part of property strategy.
Renovation plans should incorporate your major tenants, specialty tenant mix, landlord investment plans, and the community needs. It is a fine balance. Give due regard to the terms of all leases in the property before you start, as some may have clauses that will impact the project planning or staging. Local property legislation relative to retail property could also have allowances and procedures for property renovation and or demolition.
Renovation therefore becomes part of retail property business … Read More