DMM Retail Industry e-News Issue #153
Top 10? Top 5? Here’s a Top 75 List of Ways Retail Will Change!
David Letterman used to do a Top Ten list during his time hosting “The Late Show” and “Late Night” TV shows (here’s what the internet thinks are his top ten Top Ten lists – conveniently in two top five segments). Zia Daniell Wigder, the Chief Global Content Officer at Shoptalk (which just wrapped up in Las Vegas), posted her list of the top 75 ways retail will change in the next decade on The Robin Report. They are broken up into categories, including Marketing, Next Generation Ecommerce, AI, Operational Efficiencies and more. Under the “Innovation Strategies for Brands and Retailers” is the prediction that “Brands and retailers will strike unlikely partnerships with competitors to capture new consumers.”
Anchor Tinkering–What’s Becoming of some Former Macy’s, Sears and JCPenneys
Retail is changing (heck, look above at the 75 ways it is changing). Creativity is needed to replace large areas that once held a Sears or Macy’s or JCPenney, possibly even in your neighborhood. Simon Property Group decided to do just that – get creative – with an empty eastern portion of their Stoneridge Shopping Center in Pleasanton, California, where a Sears once was. Simon wants to tear down the Sears building and its parking garage and replace it with “a movie theater, grocery store, a lifestyle health club, new retail and restaurants.” Local officials need to review and approve the plan. Though there are no plans for housing at the site right now, “four sections of land at or around the mall property…‘housing opportunity sites.’”
NHL-NBA Fans Sleepless in Seattle as Reimagined Mall Proposed
Your humble e-newsletter editor apologizes. He is just learning that Seattle has no NHL franchise (he just realized that for about a decade they have also been without an NBA team). That’s about to change, as an NHL team is about to be named for the city. To accommodate the team, they aren’t just building a new arena. The Puget Sound Business Journal recently reported there’ll be “400,000 square feet of retail space, 1 million square feet of office space, 953 residential units, 400 hotel rooms, roughly 7.5 acres of open space, and over 5,100 parking stalls. Accompanying all this will be a $75 million, 140,000-square-foot hockey facility built and funded by NHL Seattle.” The project is slated to be where the 55-acre Northgate Mall shopping center currently stands, making it a “reimagined mall and hockey center is to transform the area into a predominantly walkable community.”
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DMM e-News - Issue #153
