Retailers like Best Buy, Kohl's and Apple evidently think the market is looking up, and are planning to open new stores. But, Retail Traffic Magazine reports, retailers are going to be a lot pickier about site selection this time around.
Retail Traffic Magazine says that retailers are demanding more accurate, timely demographics and market information.
"Another factor of site selection that has been going through profound changes recently is the relationship with other retailers within the same trade area. Sophisticated retail operators have always tried to capitalize on any existing synergies with other chains and avoided cannibalization by not opening stores in close proximity to direct competitors. But the retail landscape has changed so much recently, with some long-term players filing for bankruptcy and others closing hundreds of stores, the remaining retailers have had to re-think who they'd like to have as neighbors, says [Keith Peterson, general manager of ElementOne analytics program with TARGUSinfo, a Vienna, Va.-based site selection firm]."
FULL STORY: Forced to Count Every Dollar, Retailers Re-evaluate Site Selection Practices
Retail Openings Outpace Closures in 2021
An estimated 20 percent of the stores to open so far in 2021 are Dollar Generals.
The Pandemic Baby Bust
The economic uncertainty of the pandemic has added to already declining birth rates in a troubling sign for the future of the American economy.
Long-Delayed $5 Billion American Dream Mall Opens
It took 17 years and no small amount of public ridicule as it sat dormant in the New Jersey meadowlands, but a small portion of the American Dream mall is now open to the public.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Wind Energy on the Rise Despite Federal Policy Reversal
The Trump administration is revoking federal support for renewable energy, but demand for new projects continues unabated.
Passengers Flock to Caltrain After Electrification
The new electric trains are running faster and more reliably, leading to strong ridership growth on the Bay Area rail system.
Texas Churches Rally Behind ‘Yes in God’s Back Yard’ Legislation
Religious leaders want the state to reduce zoning regulations to streamline leasing church-owned land to housing developers.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Caltrans
Smith Gee Studio
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service