Exploring the Exponential Growth of the Retail Resale Market Amidst Inflation and Sustainability Demands The Doughnut Economy: The Nexus of Theory And Sustainability In 2017, Kate Raworth, a British economist and the author of “Doughnut Economics: Seven Ways to Think Like a 21st Century Economist,” pointed out that current economic principles are fundamentally ill-suited for addressing the significant challenges of …
One of the Most Rapidly Expanding Grocery Sectors A Community Pillar Asian supermarkets provide their community with a place to shop and find products of their homeland. Their specialty ingredients, fresh produce, fish, meats, and prepared foods can conjure vivid memories of beloved traditions and cuisine for customers. These markets have deep cultural roots, started by Asian Americans who saw …
Boutique Fitness Vaults Ahead The boutique fitness boom has continued to expand and proven its resilience by meeting consumers’ changing tastes and the at-home workout lifestyle. Virtual work has elevated the need for creating and finding a sense of community outside the seclusion of home. The enhanced wellness services these types of fitness centers provide, nourish the body and psyche …
In WMRE’s 2023 Market Outlook, X Team’s president, Dave Cheatham believes that retailers will continue to tap into their resilience and ingenuity in the coming year, to meet the market. Whether through upgrading older spaces, small-format store concepts, or creating new business models, he proposes that those wishing to expand will need to be flexible, creative, and most of all, efficient. Read …
For seven decades, the Motor City delivered a reciprocating engine that hummed and drove this nation’s economy from its heartland of innovators and can-doers. Then came a steep deceleration of the auto industry that began in the second half of the 20th century, which blanched the energy from this vibrant city that seemed unstoppable. Triggered by mismanagement and flawed government …
Although Santa is expected to hitch up the sleigh to deliver much of the merchandise Americans may desire for Christmas, this is not going to be a typical holiday season, according to several X Team Retail Advisors industry veterans, located in major markets across the U.S. Despite shoppers flowing back to stores, soaring inflation, and economic turmoil, indicate that consumers …
The Great Reset has finally begun in earnest, with Federal Reserve Chairman Jerome Powell instituting a series of rapidly rising interest rates since March 2022, leaving many wondering if we are in for a Cat 5 storm, or more gentle trade winds sailing us toward a soft landing. The whisper of recession became louder in June, as the markets fell …
An Epoch of Incredulity The U.S. markets are a tale of two economies. May’s recent jobs report was glowing, adding 390,000 jobs almost universally across the board, in many sectors of the economy. In this season of light, spring delivered hope with continued historic low unemployment at 3.6% for the third month running, and increasing job participation—notably among women—as a …
Retail Sector Continues to Evolve Post Pandemic, New Concepts Redefine Thriving Consumer-Oriented Real Estate Model That’s Emerging Disruption to retail caused by the pandemic, upended the way in which merchants sell to customers. The need to pivot, almost instantaneously to e-commerce took customers off the selling floor and riveted them to their touchscreens, completely redefining the buyer’s journey. As we …
Pre-COVID, ask any investor what kind of retail they were looking for and the answer would be experiential retail with elevated service offerings. Operators were undergoing aggressive leasing campaigns to attract direct to consumer tenants into bricks and mortar spaces and the key conversations were around activating spaces in order to maintain foot traffic throughout the day and night. Class …