REAL ESTATE

Infill Alert: Five Tips for Preventing Flooring Failure

BY Katherine Boccaccio

Taking over an existing retail space can be a good move, as long as you have all the facts from the get-go, especially with regard to the floor. Lee Eliseian, president of Independent Floor Testing & Inspection, offers the following tips to prevent flooring issues from arising:

  • Understand that existing spaces present different risk conditions than new facilities. The unknowns – such as age of building, prior use and quality of construction – can present a variety of flooring risk failures.
  • Understand that most problems are preventable. Knowing up front the condition of the floor can reduce or even eliminate more problems down the road.
  • Assess the condition by conducting a floor survey. A survey should include valuation of the substrate and moisture testing to provide a complete picture of the conditions, the risks and recommended repair routes. “Advance knowledge via floor assessment can cost-effectively reduce risk for flooring problems as well as provide opportunity for potential financial mitigation by the landlord,” Eliseian saud.
  • Put a plan into place to address any underlying floor conditions. Ensure proper preparation of the floor, proper application and installation, and timely maintenance to dramatically increase the chances of a successful end result.
  • Post-opening fixes are the most expensive. Uncovering, and repairing, a flooring problem after the store is open can require a store to be under construction for a period of time – resulting in lost revenues – as well as entail costly demolition.

“The flooring survey will uncover many flooring issues,” Eliseian explained. “Sometimes further testing is required which can be evasive and require core samples to diagnose the problems, determine the severity, and offer the most effective repair solution.


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Delhaize America retailers support service men and women with Veterans Day discounts

BY CSA STAFF

SALISBURY, N.C.— In honor of Veterans Day on Friday, Nov. 11, Food Lion, Harveys and Reid’s stores will offer a 10% discount to active and retired military personnel to show their support and appreciation for those who are currently serving or have served in the U.S. Armed Forces, the retailers, which are part of Delhaize Group, reported. To receive the discount, active military, reservists and veterans should request the discount at check-out along with their MVP card.

"We proudly support the men and women who have served our country," said Cathy Green Burns, president of Food Lion, Harveys and Reid’s. "On this day when Americans will pay tribute to those who protect the freedoms we enjoy every day, we wanted to take meaningful action by giving back to our associates and customers who have courageously defended our country and made many sacrifices through their military service."

In addition to the 10% discount for active military and veterans, 1,283 Food Lion, Harveys and Reid’s stores, along with the company’s corporate offices, and distribution and transportation centers, will sign the United States Department of Defense Employer Support for the Guard and Reserve’s (ESGR) Statement of Support on Nov. 11 at 11 a.m.

Delhaize Group is also making a $134,000 donation to the Wounded Warrior Project, a non-profit organization with the single mission to honor and empower our wounded heroes.

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Cyber Monday the new Black Friday

BY CSA STAFF

LOS ANGELES — Retailers would be wise to focus more of their efforts on Cyber Monday this year, at least according to new research from IBISWorld, which found that Cyber Monday sales are expected to increase 12.4%. The firm expects Black Friday sales will only see marginal growth as consumers continue to move away from brick-and-mortar shopping.

According to IBISWorld, customers are losing interest in standing on long lines at early hours only to be rewarded with entrance to a crowded store. In 2010, Black Friday sales totaled $11.8 billion. This year, IBISWorld expects total expenditure to increase by only 1.2% to just under $12 billion.

Last year, Cyber Monday sales topped the $1 billion mark, increasing 14.1% from 2009 totals. In 2011, IBISWorld anticipates further double-digit growth of 12.4% to $1.2 billion. The widely available deals coupled with consumers’ increasing propensity to shop online and via their mobile phones, are likely to keep people logging on and checking out, IBISWorld reported.

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