[OMS_MANAGERS] Fwd: Tenant Incubators Take Off as Landlords Try to Fill Small Shop Space

Fri May 18 11:00:14 PDT 2012

FYI - see article below on tenant incubators - an old retail recruitment technique that is getting refreshed in the slow economy (thank you to Mary Bosch for sending to me!)

From: The Site Optimizer [mailto:news at news.retailtrafficmag.com] 
Sent: Tuesday, May 15, 2012 10:01 AM
To: Mary Bosch
Subject: Tenant Incubators Take Off as Landlords Try to Fill Small Shop Space

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THE   SITE   OPTIMIZER 
  Tools and strategies for maximizing retail site selection and operation 

 May 15, 2012 
·         Tenant Incubators Take Off as Landlords Try to Fill Small Shop Space 
·         Wright: Traditional Retailers Can Thrive by Blurring Channels 
·         New Flagship in Times Square 
·         Emerging International Markets Pique Interest for Retail Expansion 
THE TENANT'S PERSPECTIVE
Tenant Incubators Take Off as Landlords Try to Fill Small Shop Space 
By Elaine Misonzhnik, Senior Associate Editor
During the worst of the downturn , some retail property owners and managers filled up vacant spaces by renting them out for free to start-up entrepreneurs operating the kinds of unproven businesses landlords would never consider when times were booming. The good news for small shop retailers is that the practice seems here to stay, with two of the country’s largest shopping center landlords launching full-scale tenant incubator programs in recent months. 

Beachwood, Ohio-based DDR Corp. formalized its program, called Set Up Shop , in February. Starting with 24 centers in the Atlanta area and partnering with SCORE, a non-profit dedicated to educating aspiring entrepreneurs, the firm began offering flexible lease terms and business advice to retail start-ups. The venture proved so successful that by April, DDR made the decision to roll out Set Up Shop at an additional 24 centers in Florida.
FULL ARTICLE

TECH BEAT
Wright: Traditional Retailers Can Thrive by Blurring Channels 
By David Bodamer, Editorial Director
The internet and mobile shopping continue to transform the retail sector. Customers can comparison-shop on the fly, looking at a product in a store, but then acquire it from another retailer through their smartphone. This is leading to less loyalty from shoppers to particular retailers and channels. And there’s no sign the trend will abate. 

To survive, retailers will have to continue to adapt. But there remain keen advantages to having brick-and-mortar locations. The savviest retailers can exploit these networks by, say, allowing shoppers to buy goods online and then pick them up in stores. That can happen more quickly than getting something delivered.
FULL ARTICLE

BEST OF THE BLOG
New Flagship in Times Square 
By Elaine Misonzhnik, Senior Associate Editor
It looks like the trend of foreign retailers using landmark New York locations for supersized flagship stores is going strong. Superdry, a U.K.-based chain that entered U.S. for the first time a year or two ago, has just announced it will open a 14,000-sq.-ft. flagship location in Times Square.
FULL ARTICLE

EXPANSION TRENDS
Emerging International Markets Pique Interest for Retail Expansion 
By Beth Mattson-Teig, Contributing Writer
The penchant for international retail expansion has left retailers, developers and investors with a difficult task—deciding where exactly to put down those new stakes.

Retail expansion is continuing to saturate developed nations and established retail hubs ranging from New York and London to Hong Kong and Sydney. As those top cities become increasingly crowded, retailers and developers are looking to unlock the potential growth opportunities that exist in developing countries.
FULL ARTICLE

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