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The future of retail is consistently adapting and evolving, with exciting trends reshaping how consumers shop and businesses grow. At PECO, our shopping centers are created with a mix of national brands and local businesses, creating an all encompassing experience for our customers and our communities. Under our Space for All™ initiative, we prioritize unique perspectives, experiences, expertise, and cultures in shaping centers with a true sense of belonging. Our relationships with our "Neighbors" (what we call our tenants) help to grow their retail footprint and identify the best locations for new stores. Together, with our "Neighbors", both big and small, we create vibrant communities where we support one another and create relationships that drive lasting success.
The Best Strategic Locations for Retail Success in California
In today's rapidly evolving retail landscape, driven by discerning consumer preferences and migratory shifts, identifying the optimal location is paramount for entrepreneurs and business owners. The conventional notion of "prime real estate" is being challenged, and the critical question has changed from "where are the best locations?" to "where is the right strategic location aligned with my specific business model and target...
What Demographic Data is Most Important When Selecting a Business Location?
Selecting the prime spot for your business is paramount. Sure... rent, access, and competition are factors to consider, but what about demographics?
Demographic data shows who the residents, workers, and shoppers are in a specific area. It provides a detailed breakdown of the local population. But with a vast amount of data available, which metrics truly hold the most weight for your business?
Know Your Ideal Customer Befor...
How Brick-and-Mortar Grocery Stores are Supercharging Foot Traffic with Omnichannel Strategies
In today's competitive retail landscape, shopping centers need strong anchor tenants to attract customers. Brick-and-mortar grocery stores, once considered potentially threatened by online giants, are wielding the power of omnichannel strategies to boost foot traffic throughout not only their own stores, but the entire center they anchor. Here's how:
Tech-Powered Transformation: Building a Symphony of Efficiency
The ...
Targeted Tactics: Reach Your Ideal Customers in Grocery-Anchored Centers
In the competitive world of retail, understanding your target audience is critical for success. But simply knowing who your ideal customer isn't enough. You need to reach them where they are, and grocery-anchored centers can offer an ideal location to reach a variety of customer bases.
These centers, anchored by major grocery stores, boast strong, consistent foot traffic from a diverse range of demographics. They also serve a...
Click & Collect: Is Online Grocery Shopping a Threat to the Brick-and-Mortar Dream?
The rise of online grocery shopping has left many to wonder what the impact will be on the traditional brick-and-mortar store model.
While online grocery sales have undoubtedly experienced a surge in recent years, particularly during the pandemic, the answer to this question is not as clear-cut as it may seem. After a Pandemic driven spike, total sales have stabilized over the last few years.
For owners of grocery-anchored...