The grocery industry, one of the most competitive and market reactive in the retail sector, faces a critical moment. Pandemic shopping habits changed dramatically by force, and operators had to pivot and adapt quickly as customers curtailed trips to the grocery store in favor of online shopping and delivery. Revenues rose as much as 35% from the previous year as …
Shopping Malls proliferated out of the suburban expansion during the mid-1950s, which brought efficient transit to prosperous neighborhoods spread across postwar America. Rising automobile ownership made these retail centers accessible and convenient, offering a bounty of merchandise and services. Today, those same centers that lifted up suburbia and opened up the world through mercantilism are facing a host of challenges …
Savvy and proactive retailers that adopted aggressive national roll-out strategies during the global health pandemic grew market share and are in better positions now compared to competitors who hunkered down or tapped the brakes to see how the Covid threat played out. Retailers who made bold moves and incorporated innovative initiatives were rewarded with more opportunities and they faced less competition for sites. The uncertainty that …
Eviction moratoriums and other government regulations disrupted many facets of the economy and real estate industry in 2020. The impact of those decisions is continuing to be felt in 2021 as retailers and landlords across the country grapple with ways to re-open stores and bring occupancies back up at shopping malls. Landlords and retail brokers must find new ways to …
Addition of Affiliates ADMI and Hoffman Boost X Team Platform “X Team Retail Advisors recently added two new affiliates including ADMI Inc. and Hoffman Strategy Group which bring retail brand, hospitality, mixed-use and themed entertainment expertise. The additions boost the number of companies now part of X Team’s platform to 37.” Read More at ConnectCRE… X Team adds two new …
X Team’s Evan Albert is featured in the University of Maryland’s 30 under thirty! “Evan Albert started working in retail leasing immediately after graduating from the University of Maryland in 2015. Evan has grown tremendously in the commercial real estate industry since he began including opening his company’s Washington DC office in 2019 and leading the young broker’s division, X …
Shots in Arms and Cash in Hands – What Does it Mean for Retail? The American Recovery Plan Act became law on March 11 – having passed through the House and Senate and signed into law by President Joe Biden one day earlier than anticipated. In the month since its signing, millions of Americans have seen two things happening – …
The power of developing new ideas and mentoring young leaders is no more evident that at X Team Retail Advisors. The national retail alliance announced X Now, its multi-generational team, is growing its members in an effort to cultivate new retail leaders. The new regional X Now leaders are spread across the country and includes: National leader, Evan Albert of …