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Retail in Balancing Act With Malls and Mobile

September 13, 2016 by travis

“San Diego — Retailers and shopping center operators are making major changes to their business strategies as online and mobile commerce take an increasingly big bite out of traditional store sales.”

“The centers doing it most effectively are becoming active hubs for nonshopping activities, led by dining, movie-going and gaming. The more successful retailers are seamlessly blending online culture into their physical store operations, with channels cross-generating sales via tech-enabled, customer-friendly research, exchange and delivery options.”

“Citing CoStar Group data, the Wall Street Journal recently reported that food and entertainment now account for 22.1 percent of the space leased in U.S. malls, up from 19.2 percent in 2012.”

Citation and Link to Article: Hirsh, Lou. “San Diego Business Journal.” San Diego Business Journal. N.p., 8 Sept. 2016. Web. 13 Sept. 2016. http://sdbj.com/news/2016/sep/08/retail-balancing-act-malls-and-mobile/?page=1&

Link to picture: http://westexsecurity.com/retail-shopping-center-security/

Filed Under: commercialrealestate, commercialrealestatenews, realestate, San Diego, sandiegorealestate, strategicrealestategroup Tagged With: #commercialrealestate, #commercialrealestatenews, #realestate

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