REAL ESTATE

The Fresh Market is going to Jupiter, Fla.

BY Michael Fickes

Jupiter, Fla. — The Fresh Market has signed on as anchor tenant at The Shops at Fisherman’s Wharf in Jupiter, Fla., according to Elion Partners, a real estate investment firm that acquired the property in August. The specialty grocer plans to open in the summer of 2014.

Now under renovation, the 5.5-acre shopping plaza will soon resemble a European village with a pedestrian-friendly setting and a selection of new retailers.

The multimillion-dollar renovation includes the construction of a new 20,900-sq.-ft. building for The Fresh Market, renovations of two existing buildings, sidewalk improvements and new parking. During the renovation, the plaza’s existing retailers remain open for business.

Prime Sites Inc. represented The Fresh Market in the transaction.

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REAL ESTATE

JLL closes sale of Houston’s Northwest Crossing Centre

BY Michael Fickes

Houston Jones Lang LaSalle’s Capital Markets group has closed the sale of Northwest Crossing Centre, a 179,469-sq.-ft., fully leased shopping center in Houston. USA Properties purchased the property from Weingarten Realty. JLL secured 10-year, fixed-rate financing for the acquisition.

Best Buy, Marshalls, Big Lots and Shoe Carnival anchor the center. A 126,000-sq.-ft. Target shadow anchors. The infill center is just 12 miles from Houston’s central business district and nine miles from the Galleria/Uptown market.

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MARKETING/SOCIAL MEDIA

IDC: Top 10 predictions for 2014

BY Marianne Wilson

Framingham, Mass. — Expect renewed investment in the transformative capabilities of PLM and sourcing, marketing and advertising, and big data and analytics according to IDC Retail Insights, which on Tuesday released its Top 10 Predictions for 2014.

Here are the IT consulting company’s top 10 predictions for 2014:

1. In 2014, fast-followers will chase the 50 global retailers already transforming store, mobile, and e-commerce channels, supply chains, merchandising, and marketing for the omni-channel customer experience

2. Business transformation will drive enterprise resource planning, core merchandising, and planning investment to a 9% compound annual growth rate through 2015.

3. By 2016, leading retailers will improve same-shopper sales with immersive commerce driving additional revenue growth of 1.5% and margin growth of an additional 3%.

4. By 2017, marketing and advertising technology investment will increase by 50%.

5. Retailers will narrow and enable big data and analytics projects in 2014 as 20%-30% of projects fell short in 2013.

6. Emerging consumer privacy concerns will force 50% of early adopters to revisit hyper-personalized promotions by 2015

7. E-commerce and store platform replacements that enable mobile, integrated and interactive experiences will support a 10% compound annual growth rate in commerce investment through 2017.

8. As product assortment refresh cycles quicken, 25% of mid-sized retailers will initiate new PLM or sourcing projects in 2014.

9. Retailers will double the rate of industry supply chain investments in 2014, as compared to 2013.

10. By 2016, 50% of national retailers, will invest in distributed order management, enterprise inventory visibility, and workforce management to enable same day fulfillment.

“In the next three years, retail will reinvent itself as omni-channel leaders reach for customer relationship, relevancy, and reciprocity. A new replacement cycle of enterprise, planning, and commerce systems will anchor complex company-wide business transformation for immersive experience and commerce. Quick-to-market leaders will improve same-shopper sales–fast becoming the most significant leading indicator of future performance," said Robert Parker, IDC Retail, energy and manufacturing VP and general manager. We expect renewed investment in the narrower but transformative capabilities of PLM and sourcing, marketing and advertising, and big data and analytics."

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R.Averbuch says:
Dec-12-2013 03:13 pm

2014 Grocery Waste Reduction
In 2014 grocery retailers will focus on food waste reduction by utilizing the new introduced GS1 DataBar standard. The large amount of food waste is a lose-lose situation for the environment, the struggling families in today’s tough economy and for the food retailers. We should address the food waste problem in every link in our food supply chain. For example, the excess inventory of perishable food items close to their expiration on supermarket shelves causes waste. The consumer “Last In First Out” shopping behavior might be one of the weakest links of the fresh food supply chain. Why not encourage efficient consumer shopping behavior by offering him automatic and dynamic purchasing incentives for perishables approaching their expiration dates before they end up in a landfill? The new emerging GS1 DataBar standard enables automatic applications that offer dynamic incentives for perishables approaching their expiration dates. The “End Grocery Waste” application, which is based on GS1 DataBar standard, encourages efficient consumer shopping behavior that maximizes grocery retailer revenue and makes fresh food affordable for all families while effectively reducing the global carbon footprint. You can look this application up at EndGroceryWaste.com Rod, Chicago, IL

R.Averbuch says:
Dec-12-2013 03:13 pm

In 2014 grocery retailers will focus on food waste reduction by utilizing the new introduced GS1 DataBar standard. The large amount of food waste is a lose-lose situation for the environment, the struggling families in today’s tough economy and for the food retailers. We should address the food waste problem in every link in our food supply chain. For example, the excess inventory of perishable food items close to their expiration on supermarket shelves causes waste. The consumer “Last In First Out” shopping behavior might be one of the weakest links of the fresh food supply chain. Why not encourage efficient consumer shopping behavior by offering him automatic and dynamic purchasing incentives for perishables approaching their expiration dates before they end up in a landfill? The new emerging GS1 DataBar standard enables automatic applications that offer dynamic incentives for perishables approaching their expiration dates. The “End Grocery Waste” application, which is based on GS1 DataBar standard, encourages efficient consumer shopping behavior that maximizes grocery retailer revenue and makes fresh food affordable for all families while effectively reducing the global carbon footprint. You can look this application up at EndGroceryWaste.com Rod, Chicago, IL

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