REAL ESTATE

Cherry Hill Mall announces five new retail tenants

BY CSA STAFF

Cherry Hill, N.J. Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that five new specialty retailers will open at Cherry Hill Mall.

Red Mango is slated to open in September and Bare Escentuals in October. In November, the newly designed Disney Store, the region’s first Guess by Marciano and White House | Black Market will join the mall’s roster of retailers.

The Disney Store is one of 20 revamped prototype stores opening worldwide in 2010, and will open in 4,744 sq. ft. Guess by Marciano will open a 3,125-sq.-ft. store in the Macy’s Wing, and White House | Black Market will open a 3,653-sq. ft. store by the Grand Court.

Bare Escentuals will open its doors by the Grand Court next to Metropark in 1,178 sq. ft.

The 196-sq.-ft. Red Mango kiosk will be located near Macy’s Court.

The store openings are part of the mall’s $200-million renaissance, which includes the addition of white-linen restaurants Seasons 52, Maggiano’s Little Italy, The Capital Grille, and California Pizza Kitchen; a new parking deck; the addition of an upscale retail wing; a redesigned and relocated food court now called Cherry Hill Cafes, and extensive interior and exterior renovations. Additional retailers will be announced throughout 2010.

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Disruptive in-queue merchandising: Sunglasses in the checkout line

BY CSA STAFF

By Bill Vetter

Today’s savvy retailers are maximizing their floor space by investing in smart solutions such as in-queue merchandising, which use modular systems that help improve customer flow and increase sales of display merchandise at the checkout line.

What many retailers haven’t considered, however, is that some types of display merchandise have the potential to cause havoc at the queue. Something as innocuous as a bin with sunglasses in the checkout line can cause all kinds of avoidable delays. Think about it — when that customer picks up a pair of “aviators,” he or she will inevitably look for a mirror, leaving their spot on line, and/or cause an unnecessary hold up by trying on several different pairs. To avoid this type of disruption and increase efficiency, in-queue merchandising requires management. This article examines the design, customization and technology aspects behind implementing an in-queue management system and shares customer journey tips for maximizing floor space, increasing margins and ensuring your customers come back for more.

When implementing an in-queue queue management system, consider the following three factors:

1. Design: What type of checkout queue is best for your store? Consider engaging a queue-management expert to help you identify where the checkout queue should be located and if it should be a lane-per-lane checkout, virtual queue or single-lane queue. Working together with an expert can provide you with improved traffic flow and the ability to help you guide customers toward the right featured products or marketing materials without creating a disturbance in the aisle. And in-queue management solutions can be designed regardless of space constraints.

2. Customization: With merchandising add-ons uniquely designed for the store, queue-management experts can bring together product combinations that control crowds while also increasing impulse purchases, moving sale items, and improving the store’s revenues per square foot. For example, modular merchandising panels and product displays built into the crowd-control barriers can be designed to meet any retailers’ needs and add clarity and direction to their merchandising, helping customers navigate more easily and efficiently.

3. Technology: As a central element of the checkout queue, technology plays many roles. Electronic call forward systems speed customer flow by directing the person at the head of the line to the next available cashier. Electronic call forwarding keeps customers advised of transaction speed by visibly providing the current wait time. This gives customers a sense of control by letting them know exactly when they will be accommodated. Electronic queue ticketing allows multiple transaction profiles to be handled fairly and equitably for all waiting customers. These technologies assure customers that the retailer understands their time is precious and they are indeed a priority. Much better than hearing a bellicose salesperson scream, “Next!”

A well-designed checkout queue produces nearly immediate ROI. When the checkout queue is customized to meet a retailer’s needs and supported by technology, you can expect to realize:

Increased revenues: A well-designed queue will increase revenues per square foot by turning the dead space of the queue line into a revenue-generating area. Retailers can experience a 10% increase in in-line impulse buys with crowd control merchandising panels, add-on product displays and strategically placed (and carefully selected) items near and within the checkout queue.

Customer satisfaction: A better organized checkout queue with neat, organized aisles and the right in-queue merchandising items provides a fair and equitable “first come, first served” process that can generate up to a 94% customer approval rating. Checkout queues complete with electronic call-forward technologies allow retailers to better connect with their customers. The customers are more aware of their wait time and the pace at which the line is moving. Including signage and electronic displays communicates corporate messaging, store information and sales.

Reduced walk-aways: Properly designed checkout queues are proven to reduce customer walk-aways by as much as 90%. When customers witness the efficiency of a checkout queue they are less likely to walk away. These customers leave the store satisfied with their shopping experience and are eager to return.

Retailers implementing queue management and non-disruptive in-queue merchandising are moving customers through the checkout queue more efficiently and are increasing impulse purchasing behavior. Customers are happier and are spending more. And with a better shopping experience, they just might become customers for life.

Bill Vetter is general manager of Lawrence, A Tensator Group Co.

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NARI hires veteran lobbyist

BY CSA STAFF

The National Association of the Remodeling Industry (NARI) has hired Thomas Sullivan to represent the industry’s interests in Washington, D.C. Recently of Nelson Mullins Riley & Scarborough, Sullivan has 19 years of experience in legislative and regulatory advocacy.

Prior to joining the law firm, Sullivan served for seven years as chief counsel for advocacy in the Small Business Administration. Before his appointment to the SBA, he represented the National Federation of Independent Business, one of the nation’s leading business advocacy associations. Sullivan also served on the Congressional Affairs staff of the U.S. EPA, as well as the U.S. Department of Justice’s Environment and Natural Resources Division.

Most recently, Sullivan has worked with the National Roofing Contractors Association, Associated Builders and Contractors, and the National Lumber and Building Material Dealers Association (NLBMDA), among others, to include provisions for small business operators in regulatory reform legislation championed by Chairman Barney Frank (D-Mass. ) and Chairman Chris Dodd (D-C onn. ).

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