“The billionaire developer’s shopping center oeuvre has deeply influenced the industry as a whole, leaving an indelible imprint on the Southern California lifestyle while also exporting it to the world,” writes Julia Wick. https://lnkd.in/gwSbrEkg
Los Angeles Times’ Post
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The coasts are dead! Long live the middle! Retailers freak out! For many retailers, the coasts (think New York, LA, SF, Miami, etc.) have been the dominant markets for their business. The coasts were mainly made up of affluents, influencers, and front-edge tastemakers. Keep those markets healthy and growing and your business was likely healthy and growing too. Then came the great migration OUT of those cities. The Economic Innovation Group recently shared analysis of IRS data showing how cities and income groups have changed in the past year or so. Some highlights: - In San Francisco, out-migration caused a 20% drop in adjusted gross income as out-migrants' average taxable income was $240,000, while those moving in averaged $134,000, - In NYC, that drop was 13%, and in Boston, 11%. - The biggest percentage rise in income was in Walton County in the Florida panhandle (+51.6%). - Other large surges occurred in Collier County, Florida (Naples, +31.4%), Pitkin County, Colorado (Aspen, +27.4%) and Summit County, Utah (Park City, +34.9%). While that has massive impacts on tax income and how cities actually operate, this also has a massive impact on retailers. Customers are now in new locations. Everything from how / where you advertise to where you open stores to fulfillment times/costs to even your customer data is affected. This is one year's worth of data, not a trend yet, but it sure seems as though the coasts are starting to move inward. #retail #retailanalytics #advertising #customerdata
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This article highlights the significance of patronizing Black-owned businesses as a means to uplift communities facing marginalization. It draws attention to the 15 Percent Pledge, a concept introduced by Aurora James, the founder of Brother Vellies. This initiative advocates for dedicating 15% of consumer spending to Black-owned businesses, aligning with the proportion of Black Americans in the U.S. population. Gaining support from major retailers like West Elm and Crate & Barrel, the pledge has opened new opportunities for Black-owned businesses, including loans and partnerships, and increased their visibility, especially vital during the financial strains of the COVID-19 pandemic. The article further showcases a variety of Black-owned home decor businesses, sharing their stories and unique products. #BlackOwnedBusinesses #EconomicEmpowerment #15PercentPledgeSupport #RacialEquality #ShopWithPurpose #DiversityInRetail #HomeDecorInspiration #SupportBlackEntrepreneurs #CommunityUpliftment #JusticeInCommerce
40 Black-Owned Home Brands to Shop Now and Always
housebeautiful.com
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Our economy is stronger when you shop local. Arizona’s small businesses are the backbone of local economies across the state. When you skip the retail and e-commerce giants and shop local instead, you invest in your community. And, that impact is even greater when you shop at local businesses that support our public lands. With the fast-approaching season of endless shopping lists & gifts galore, we want to help shoppers make decisions that support our small businesses across the state. So what happens when you shop small? -- Local money stays local -- Local employment opportunities are created -- Community relationships get built on trust -- Economic resilience is strengthened -- Small businesses give back to the community -- You find unique products to gift Will you be shopping local this holiday season? #ShopSmall #ShopLocal #PublicLands #Arizona #OutdoorIndustry #SmallBusiness
Shop Small: How You Can Strengthen Your Community This Shopping Season — Get Outdoors Arizona
getoutdoorsaz.org
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When the corner shopping center is blighted and under-leased, it becomes a liabily. A disinvested shopping center can attract crime and bring down residential property values. The Chicago TREND Corporation is changing this reality and strengthening neighborhoods. We now own 5 shopping centers. The smallest is 10,000SF and the largest is 135,000SF. 330 Black, local and other community minded people co-own these properties with us. The average investment amount is $2,375. 42% of our investors are women. 51% are reside in low and moderate income neighborhoods areas. 53% are Black Americans. Now we are raising $50M of equity capital from institutional investors. Are you aware of companies or philantropic organizations who might listen to my presentation and invest $2-5M to become limited partners in the TREND Fund? Our investment thesis is that democratizing commercial real estate ownership can be a vehicle for Black community cohesion, wealth creation and quality of life improvements. Check out this article in Crain’s: https://lnkd.in/eU59FuND And this OpEd: https://lnkd.in/epPbGEpN -
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Staff Writer covering the best stories in markets and business for Sherwood News. Sharing my personal musings on money, life, and everything else in my blog. Check it out below:
As many of you know, Soho House & Co has their earnings tomorrow. What you *might not know* is that I will likely make $343,000 tomorrow as well. Here is how. Soho House is the quintessential "classy, but not snobby" membership in the western world. The type of membership that 22-28-year-old men with a few grand to blow will gladly invest in. Back to how I'm going to make $343,000. First, I created a female Hinge profile using AI-generated images to masquerade as an 8/10 brunette marketing specialist who went to Penn State, now living in the West Village. I then made my first prompt "The perfect first date would be espresso martinis at Soho House." And then I simply agreed to every single date proposal, always at Soho House, that came my way because every single guy wants to take the hot girl to her favorite place. Would I ghost the guys? Of course. I'm a 6'3", 225 lb man who did not go to Penn State (though I am a brunette). But that doesn't matter, because I know that each of these guys bought a membership so they could act like they were locals at my "favorite bar." Now for some math: Annual memberships for under-27-year-olds are $2450, and 27+ is $4899. With 75% of my matches being under 27, the average membership cost is around $3060. Multiply this across my 30,000 hinge matches (ChatGPT has been handling the conversations), and I estimate that I contributed $90,000,000+ to Soho House's top line in Q2. Of course, this isn't priced in. How could it be? So I bought $50,000 in call options expiring next week, knowing that they will print money after Soho House's earnings. If all goes according to plan, I'll be rich come tomorrow. Thoughts? #ActivistInvestor #HingeFund Btw, make sure to give me a follow Jack Raines and join 44,000 other readers on my blog: https://lnkd.in/gbRY3QGx
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Head of Technology @ CreativeGuru AI| Software Project Management Creativeguru.ai creates compelling ideas and distributes them across all your communications channels.
In an era dominated by large retail and online shopping, the significance of local businesses often goes unnoticed. However, investing in local economies not only bolsters small businesses but also contributes to the overall economic health of our communities. Research indicates that $100 spent in local businesses stimulates $70 in local economic activity, almost double the $43 generated by chain retailers. Moreover, patronizing local businesses fosters community ties and personal connections often missing from impersonal online transactions. Small Business Saturday is an initiative that underscores this importance, encouraging consumers to prioritize neighbourhood stores over large scale retailers. Jaclyn Rutigliano, owner of Hometown Flower Co., exemplifies the benefits of local shopping. Her floral design studio thrives on community support, bolstered by sales during the holiday season. Shopping local has a domino effect on the community, creating job opportunities, fostering entrepreneurship and enhancing community vibrancy. With 60% of Americans acknowledging the importance of local shopping, it is clear that local businesses play a pivotal role in our economies. Supporting local businesses is an investment in our community prosperity. Let's consider the profound impact we can make the next time we shop. How do you support local businesses in your community? Share your thoughts in the comments below. Original article: https://lnkd.in/e_b2RKHn
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Vote policies, not party! Policies have consequences and you can measure them. No amount of double speak and propaganda is going to change what you are directly experiencing in your life. Never believe a politician that changes their policy during an election year … after the vote, they will go back to their true colors. From the Wall Street Journal, “It’s Been 30 Years Since Food Ate Up This Much of Your Income” https://lnkd.in/gtNEu9vy You are going to hear stories about the American people being too stupid to understand that everything is really going great. You will see more stories about deep fake videos … that is intended to cause you not to believe your own eyes. Quick note, there is a cure for deep fake videos – just show the original side by side. If they don’t do that then they are trying to mislead you! The future casts its shadow before it – take a long look! Look at the policies and then look at the results – make up your own mind. Vote policies, not party Stay strong, stay free
More companies announce bankruptcies and closures, citing inflation as almost 3,200 stores face shuttering in 2024: poll
nypost.com
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Shop Culture | Ex- Amazon, Walmart, ITC | E-commerce Strategy | Performance Marketing | Brand Growth
Identify X 1950s - a time when a peculiar trend emerged, shaping into what we now know as X. It originated in the US when post-Thanksgiving, a swarm of workers called in sick, halting operations and prompting managers to dub it X, comparing it to the time of the dreaded bubonic plague. 1960s - witnessed X making its rounds among the police, describing the chaotic influx of tourists after Thanksgiving, drawn in by the Army-Navy Football game and the allure of holiday shopping, causing citywide mayhem. 1970s - X's association with the commencement of the holiday shopping season gained momentum. Newspapers extensively embraced this term, marking the start of a trend that had begun shaping up a decade prior. 1980s - solidified X's current significance. It wasn't just about chaos or tourism anymore. This term took on a financial hue, symbolizing the transformative moment when struggling retailers, operating in the red (losses), shifted to the black (profits) due to this monumental event.
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As your agent I can discuss just about anything. But some topics I am not able to because of Fair Housing Laws. And that is the topic of this week’s video. As always, #thinknashvillethinkbrad https://lnkd.in/eB9qHrD3
3 Things to Research When Home Shopping
https://www.youtube.com/
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The first 12-18 months could end up being rough for these investments, but there’s no doubt they’ll come through in the long-term. As the article points out, there’s was a massive population shift over the past 3 years as remote work took hold. More, the bulk of millennials have entered a new lifestage that includes things like starting a family and/or just needing a little slower pace with more space. As these households leave the high cost urban centers for the suburbs, they look to take their spending power with them. Enter retail expansion. Now the one caveat in here is that net openings are +1000…also the target for Dollar General alone. Sometimes the metrics are positioned accordingly, but I think there’s more to the story. eCommerce has been a metric used by these retailers to identify where to go next. What these locations have now become are not just points of purchase, but points of distribution. Integrated physical and digital retail allow for smaller assortments, smaller spaces, and better margins for digital activation. Those margins will help cover higher costs in the short term, and maybe even keep these outlets in the black if/when a retail slowdown happens. Patience will be the main point of difference. Retailers that move to fast will be over saturated. Those that move to slow will miss the long term potential. #retail #consumerbehavior
A Bright Spot in Commercial Real Estate: Retail Shops
wsj.com
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