Gatewood Retail News
By Leada Gore | firstname.lastname@example.org The Alabama Department of Health has ordered all Alabama restaurants and bars to go to take-out only, part of a sweeping set of regulations designed to curb the growth of coronavirus. A similar order was already in place for Jefferson, Tuscaloosa, Walker, Blount, St. Clair, Shelby and Mobile counties. The new order covers the entire state. ‘Containment strategy’ State Health Officer Scott Harris said the efforts are part of a “containment strategy” to prevent overwhelming the healthcare system and stem the growth of the virus. “Every single thing we’re doing today is not really going to affect the number we see in the next two weeks, we’re going to see the numbers increase,” Harris said.…Read More >>
MORE CONSUMERS ARE DINING ALONE. CAN RESTAURANTS ADAPT TO THEIR SOLO NEEDS QUICKLY ENOUGH TO KEEP THEM COMING BACK? Original article by LIZ BARRETT FOSTER Solo travelers, single-person households, and solitary diners are making their mark on several industries ranging from consumer goods to tourism to restaurants. As consumers become busier and more stressed, even those who don’t label themselves as single are enjoying solo activities—especially eating—both at home and in restaurants. According to the NPD Group, more than half of all meals are eaten alone—a number that’s on the rise. In countries like Japan, the trend of going solo even has its own name, ohitorisama, or “on your own.” Shari Bayer has dined solo at more than a thousand…Read More >>
Field report from the ICSC Food for Thought conference Last Thursday, the #ICSC Food for Thought conference concluded at the iconic Roosevelt Hotel in New Orleans following 2.5 days of restaurateurs and industry panel experts addressing real estate professionals and landlords, all hungry to learn more about the seemingly internet-proof topic of food. Statistics tell the astounding F & B story: Sales comprise 11.1% or $717,000,000,000 of all 2018 retail sales (4.5T) Sales have grown 24.4% since 2014 Adults are spending 12% more on F & B than just two years ago From fancy Food Halls, to food trucks to brew pubs to fine dining, where we dine has become where most of us seek experience. But not all. There…Read More >>
TUSCALOOSA, AL Tracy Gatewood with Gatewood Retail Real Estate has finalized two lease transactions with tenants, both located at 149 E. Magnolia Avenue in downtown Auburn, Alabama. Taco Mama Auburn has signed a 900 SF expansion from their 147 E. Magnolia Avenue location next door into the adjoining suite to accommodate a prep kitchen which will not be open to the public. Auburn Oil Co. Booksellers has signed a 2100 SF lease agreement to open an independent bookstore that will also serve coffee, wine and desserts. Owner Mike Armor, an Auburn native and Auburn University alum, along with wife June Wilcox are also owners of M. Judson Booksellers www.mjudsonbooks.com located in Greenville, South Carolina. A bookstore with a community focus,…Read More >>
About 30 million Americans classify themselves as “digital food enthusiasts,” or those who use social channels to connect to food, and believe dining and tech go together like salt and pepper. That’s according to a white paper by consumer intelligence firm Maru/Matchbox, and it’s one way of explaining why so many diners—particularly millennials and Gen Z—are as invested in the likes on the creative photo they just Instagrammed as much as the food itself. Many restaurant owners and operators are eating up the social attention; some are even creating Instagram-targeted menu items. Food snaps are a big piece of the puzzle, but atmospheric shots are “definitely catching up,” says Anne Haerle of Southern California-based Synergy Restaurant Consultants. Haerle, whose graphic design and…Read More >>
Get out your Retail Experience Bingo cards: After 20 years in development, Nordstrom’s NYC flagship will finally open tomorrow on 57th and Broadway in Manhattan. With it, Nordstrom’s managed to pack as many retail trends as possible under one 320,000-sq.-ft. roof. For the trendsetters: It’ll carry all the classic luxury department store brands, plus rotating pop-ups for up-and-comers like Everlane and Reformation. For the beauty junkies: 14,000 sq. ft. of beauty products spread across two floors, plus services from blowouts to Botox injections. For foodies: There are seven food and bev concepts. Customers will eat it up—because food already accounts for one of every four Nordstrom purchases in stores. Nordstrom hearts NYC Manhattan is Nordstrom’s No.1 market for online sales. It’s hoping to channel that enthusiasm into $700…Read More >>
Physical stores will be as busy as ever this holiday season: No fewer than 90 percent of holiday shoppers plan to shop in stores, and that rises to 97 percent when purchases made online from retailers with stores are included, ICSC reports. “[D]espite growth in online shopping — much of which is actually a result of traditional brick-and-mortar retailers’ expanding their online capabilities — physical stores remain the indispensable foundation of the consumer landscape,” notes the Industry Insights report. “The importance of these venues is even greater this year, given a solid rise in the amount of shoppers planning to use click-and-collect.” Holiday shoppers plan to spend $683 each, on average — $496 on gifts and $187 on other holiday-related…Read More >>
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