Join 'Boots on the Ground' by Retail Strategies as we explore the latest trends in retail real estate expanding out from the ICSC Las Vegas Conference. Discover insights on evolving retail footprints, the resurgence of bookstores, the rise of experiential retail, and more. Tune in for expert analysis and stay ahead in the dynamic world of retail real estate.

https://retailstrategies.com/retail-trends-summer-update-2024/

Retail trends, including space constraints, creative backfilling, and the rise of experiential retail. 0:00

•  Retail trends, including Starbucks' missed quarterly earnings report and competitors' strategies to outposition them.
•  Retailers are evolving their store layouts and formats to adapt to labor issues and changing consumer preferences, such as smaller footprints, drive-thru options, and app-based ordering.
• McDonald's recent expansion efforts are similar to high-growth retailers like Dutch Brothers.
•  Elliott Cook highlights limited retail vacancy and landlords' opportunities for better rents with existing national brands.
•  The resurgence of experiential retail, including independent bookstores and sporting goods stores.
•  They highlight the importance of socializing and being around like-minded crowds in these spaces.

Consumer behavior, retail trends, and the rise of experiential retail. 7:23

•  Dave & Buster's transforming arcades into casinos, allowing bets on arcade games.
•  Virality is key, retailers spending money on experiences to be posted on social media.
•  Dollar Tree's largest growing customer base is households with $100,000+ income.
•  Dollar General reported profit in first quarter despite lower spending and foot traffic.