ShoppingCenters.com e-Newsletter Editor Frets: “Did I Cause May’s Drop in e-Grocery Sales?”
Your humble ShoppingCenters.com e-newsletter editor has to apologize. After a health scare earlier this year, the food shopping habits of yours truly have radically changed. That being the case, he is inclined to think he is entirely responsible for the drop in e-grocery sales for the month of May, as reported recently by Supermarket News. Despite that, Amazon recently announced the company is more than doubling of the number of Amazon Fresh stores nationwide – from 14 to 33. “We continue to invest in and grow Amazon Fresh, building on our vision to expand our omnichannel offering, and also continue to innovate in the areas we know matter to customers – low prices, broad selection and convenience,” said Jeff Helbling, VP of Amazon Fresh Stores, to Supermarket News in April. Meanwhile, SN reports grocery stores could lose customers to mass retailers. “Customers appreciate the convenience of ordering online, but they are also becoming more cost-conscious. So, to defend the base business, grocers can promote pickup to address both issues,” said Sylvain Perrier, CEO of Mercatus.
Shopping Center Sells for $85m+, Deal Expected to Close this Month
The Upland Square shopping center in West Pottsgrove, PA, has been sold for $85.7 million with the closing expected later this month. TheReporterOnline.com recently noted that the center, which is anchored by a Giant Food supermarket, is being purchased by United Hampshire US REIT by Paramount Realty Services. In a statement, United Hampshire US REIT CEO Robert Schmitt, the property is a good strategic fit for them as it is “well-located in a vibrant sub-market with limited competition and high barriers to entry for new retail development.”
According to data found at ShoppingCenters.com, Upland Square has a current rolling 12-month count for visitor traffic (Mobile Data Metric) of 203,857. Upland Square, based on ShoppingCenters.com data, serves a primary market population of 105,022 with an average household income of $104,643.
Malls in The Land Down Under Use Data to Figure Out Shopper Behavior
In baseball, it’s referred to as moneyball (popularized by the Brad Pitt film of the same name, and the Michael Lewis book), sabermetrics or analytics. It has as much in common with the business of professional sports as it does the playing of professional sports. Now, the folks that own and run shopping centers are getting their hands on as much data as they can so they can more accurately predict “human movement” and “foot traffic” for new developments and investments in retail properties (not unlike whether to shift the infield in order to increase the chances of getting a powerful batter out). In a recent article on CDOtrends.com, the number of data sources is reported to be on the rise, including traditional sources such as census and demographic data, and financial transaction data, but also newer technologies such as sensors and cameras to provide real-time data on shoppers’ behaviors and habits. “Initially, it was all about defining catchments, but the range of uses has expanded since then. We can use their data to understand how long people would dwell inside the shopping center, at different times of the year, and you can see how visitation changes from week to week,” said Greg Inglis, director of data and analytics at Location IQ.
Data of this type is easily accessible from ShoppingCenters.com, where you can quickly determine the most desirable markets with, for example, the highest population and household incomes. Take it a step further and analyze the customers visiting the centers in those markets using the enhanced demographics and segmentation profiles.
Spotlight on a Top 10 Growth Market Center:
Antelope Valley Mall
Gross Leaseable Retail Area
1,100,000 sq. ft.
Cinemark Theatres, DICK'S Sporting Goods, Dillard's, JCPenney, Macy's, Journeys, Tribute Shoes, Q Fashion, Jazzuli for Men, Carter's, Kay Jewelers, Spencer's, Stik-R-Place, Boss Braiders, Cell Center, Perfume Gallery, GameStop
Located about an hour north of Los Angeles, CA, Antelope Valley Mall is a T-shaped, enclosed, Super-Regional Center.
According to trade area analysis available on ShoppingCenters.com:
- Mobile Data Metric – Current Rolling 12 Month Count for Visitor Traffic: 240,282
- Primary Market Population: 326,408
- Average Household Income: $91,257
- Number of Households: 94,754
ShoppingCenters.com Data Helps Retailers and Landlords Understand and Service Their Customers Better
Retailers and Landlords need to understand the customers visiting their locations as well as that of nearby competitors. Profile their customers and those of your competitors using ShoppingCenters.com mobile analytics. See the Trends. Analyze the data. Make the right decisions faster. As an essential component to many industry platforms, the DMM dataset provides access to over 100 variables that drive business and market share ROI for multiple initiatives such as Geospatial Analytics; Retail Planning; Investment Portfolio Management; Construction & Development; Broker Led Leasing and Co-tenancy evaluation, and Property oversight. Find out more by starting your free trial of the DMM/ShoppingCenters.com database today by clicking here.