DMM Retail Industry e-News Issue #176
Where Direct-to-Consumer Brands Go When They Crave the Real world
It should come as no surprise that many pure online retailers have turned to brick-and-mortar stores, for a variety of reasons. Some considering it marketing and an extension of their brand; others strive to offer markets they perform better in educational experiences or personal one-on-one service. Cara Salpini and Caroline Jansen of RetailDive.com have been looking at the most popular cities chosen by DTC companies when they choose to enter the real world. “The results confirmed trends we’ve been watching — for example, that New York (and particularly SoHo) is a popular place for DTC brands to open shop — but it also highlighted some cities that have gotten less attention.”
Six Traditional Retailers Make Top Eight “Stocks-to-Watch” List
A new top eight list of retail stocks “that are doing it right” includes six traditional brick-and-mortar retailers. Kiplinger, the personal finance advisor, is bullish on a bunch of retail stocks. The athletic clothing company, Lululemon, is on the list, but there’s also Target, Best Buy, Ulta Beauty, Bed Bath & Beyond, and RH, formerly known as Restoration Hardware. “Innovation and unique theme-based store designs are attracting an increasing flow of traffic,” said Nick Giacoumakis, president of New England Investment & Retirement Group. On the success of Ulta, Ryan Giannotto, director of research at GraniteShares, said, “A sustainably scaled, and indeed accelerating, revenue base demonstrates (that a) digital challenge does not automatically imply margin compression for physical retailers.”
Canada Council Concludes Creative Changes Create Contented Consumers
Our friends to the north appear to have figured out the secret to success when it comes to traditional brick-and-mortar retail. According to the recently released 2019 Canadian Shopping Center study by Retail Council of Canada (RCC), which reviewed Canada’s top 30 shopping centers based on annual sales per square foot and visitor counts, most of them saw improvements in sales in 2019 compared to 2018. Why? “Landlords in Canada have been proactive and have found dynamic strategies to attract new tenants and keep shoppers coming to the mall. [They are] investing in their shopping centers with impressive renovations and attracting new retail tenants as well as hosting food markets and restaurants and a variety of non-retail amenities,” Diane J. Brisebois, president and CEO, RCC, said to the Toronto Sun.
DMM: Where the Data is Constantly Updated and Refreshed
Did you know that The Directory of Major Malls/ShoppingCenters.com data was updated over 540,378 times in the past year alone? That’s more than 530,000 more updates than home runs hit by Major League Baseball players last year, and more than three times greater than the number of 1,000 dollar bills that are still in circulation in the United States. What does that all mean? Who knows. But we know what our data can do for your business. Come check it out.
DMM e-News - Issue #176
