Coldwell Banker Commercial Rio Grande Valley’s Post

How do you attract and retain guests in the ever-changing world of retail? Check out Infuse Hospitality's latest blog post 👇 on how food and beverage can bridge the gap from foot traffic lull in an e-commerce world. #ElevatedExperiences #FoodAndBeverage #HyperLocal

Placer.ai released its Placer 100 Index for Retail & Dining - which is a curated list of retailers and dining destinations ranked by YOY foot traffic growth. Here are the Top 10 ranked by YOY change in visits per location (May ‘23 vs May ‘24): 1. Chili's (26.1%) 2. ALDI USA (22.7%) 3. Dollar General (11.5%) 4. Ollie's Bargain Outlet, Inc. (11.4%) 5. Trader Joe's (11.3%) 6. In-N-Out Burger (11.2%) 7. Barnes & Noble, Inc. (10.6%) 8. Crunch Fitness (9.6%) 9. Buffalo Wild Wings (9.5%) 10. Costco Wholesale (9.1%) Takeaways: - Value was the name of the game in May 2024 – with budget-oriented chains dominating the YoY visit rankings. Discount retailers like ALDI USA, Dollar General, and Ollie's Bargain Outlet, Inc. featured prominently among the top performing brands, as did Crunch Fitness and dining chains offering special cost-saving promotions. - On a regional level, the Index performed well throughout the United States, with May 2024 YoY visits up 5.4% in the Midwest, 5.2% in the South, 4.9% in the West, and 4.8% in the Northeast. - Chili's, riding the wave of its viral Burger Smasher promotion, emerged as May 2024’s top YoY foot traffic performer, on both a chain-wide and per-location basis. https://lnkd.in/gKJuGSYB #placerai #retailrealestate #consumerspending #budgeting #cbre

Retail and Dining Foot Traffic Rebounds in 2024: Key Trends and Winners Revealed... Despite a rocky start in January, retail and dining foot traffic in 2024 is climbing, with May seeing a 5.1% YoY increase, largely driven by Mother's Day and Memorial Day spending, according to a recent study by Placer.ai and EMARKETER. Thanks to viral social media promotions, Chili's stood out with a 26.1% YoY growth. Discount and dollar stores like Aldi and Dollar General also saw significant traffic increases, reflecting consumers' continued price sensitivity. Retail media networks are gaining traction, with in-store ad spending projected to reach $1.06 billion by 2028. Barnes & Noble's strategy to revamp its stores yields positive results, enhancing the shopping experience with a more personalized, independent bookstore feel. Whether the strategy is to get back to basics or offer increasingly compelling offers and incentives to shoppers, location data unlocks real-time optimization opportunities to maximize ad dollars. Having a location-data measurement partner that provides such an opportunity to optimize in-flight is a game-changer.

Shift from urban to suburban - a trend to watch in 2024…most notable among restaurants, with companies such as Cava (CAVA) and Chipotle (CMG) opening more suburban locations.

F&B Retail Development: A Growing Trend F&B retail development refers to the creation or expansion of food and beverage (F&B) establishments within retail spaces. This trend has been gaining momentum in recent years, as consumers increasingly seek unique and enjoyable experiences beyond traditional shopping. Key Drivers of F&B Retail Development * Changing Consumer Preferences: Consumers are prioritizing experiences over possessions, and F&B offerings can provide a memorable and enjoyable aspect of their shopping journey. * Increased Competition: Retailers are looking for ways to differentiate themselves from competitors and attract more foot traffic. F&B can be a powerful tool to achieve this. * Urbanization and Lifestyle Changes: As more people move to cities and adopt busier lifestyles, they are seeking convenient and diverse dining options. * Social Media and Food Culture: The rise of social media has amplified food trends and made dining experiences highly shareable, driving demand for unique and visually appealing F&B concepts. Examples of F&B Retail Development * Food Halls: These curated spaces offer a variety of food vendors under one roof, providing a diverse and immersive dining experience. * Pop-Up Restaurants: Temporary F&B establishments that offer limited-time menus and unique concepts, adding excitement and novelty to retail spaces. * Specialty Food Stores: Retailers that focus on a particular cuisine or food category, catering to the needs of discerning consumers. * Experiential Dining Concepts: Restaurants that offer immersive experiences, such as themed dining or interactive elements, to enhance the customer's enjoyment. Benefits of F&B Retail Development * Increased Foot Traffic: F&B establishments can attract customers who might not otherwise visit a retail space. * Extended Dwell Time: Customers are more likely to stay longer and spend more when they have the option to eat or drink. * Enhanced Brand Image: F&B can help create a positive and memorable brand experience for customers. * Additional Revenue Stream: F&B can generate significant revenue for retailers, especially in malls and shopping centers. In conclusion, F&B retail development is a dynamic and growing trend that is shaping the future of retail. By offering unique and enjoyable dining experiences, retailers can attract customers, increase sales, and differentiate themselves in a competitive market. #f&bgrowth #upliftcategory #revenue #potential

Should More Retailers Fuse Like Applebee’s and IHOP Dual-Branded Locations? In the realm of American chain restaurants, a fascinating proposition is underway. It involves two household names: Applebee's Neighborhood Grill + Bar and IHOP. These restaurant retailers, both under the umbrella of Dine Brands Global, are contemplating dual-branded locations where Applebee’s and IHOP come together, not just in physical space but in operational harmony. Read the full article here: https://lnkd.in/ekUkkGyr Verlin Youd "Experimentation is the lifeblood of innovation and ongoing relevancy, so I applaud Dine’s commitment to this kind of innovation. In this specific case, IHOP and Applebees seem like a natural fit with complimentary schedules, differentiated menus, overlapping customer demographics, and similar location strategies." Patricia Vekich Waldron "Fast and fast-casual restaurants have been trying to maximize multiple day-parts for years, bringing consumers Egg McMuffins and breakfast tacos. Dual branding can be more complicated for the many reasons cited, but if well done (both front and back of the house) it can be a boon for multi-concept chains and consumers." Jeff Sward "I have to admire the fact that these two brands found a way to collaborate in a manner that is not necessarily dilutive to either. If these were apparel brands, I would say they have different 'wearing moments.' These players have different 'eating moments.'"

Did you ever think of grocery shopping as a luxury experience? For some young adults today, it is. Food has moved beyond its role of merely satisfying hunger—it's now a significant status symbol. This trend is particularly noticeable in high-end grocery stores and gourmet snacks that combine taste, aesthetics, and exclusivity. Why is this happening? Younger consumers are redefining luxury, seeking out premium products that reflect their values and aspirations. This shift impacts consumer behavior significantly. People are willing to pay a premium for products that offer not just quality but also a sense of exclusivity. It's about making a statement. The grocery store becomes a social stage where every purchase is a performance of taste and discernment. The implications for brands are enormous. To capture this market, it's not enough to offer quality products; the shopping experience itself must be luxurious and engaging. From unique product offerings to beautiful store designs, every detail matters. If you're interested in the hype-ification of grocery, I wrote a newsletter on the topic and you can read it here: https://lnkd.in/e_8PW7Qs  I hope you enjoy it. #beautytrends #beautynews #beautyindustry #FoodTrends #LuxuryLifestyle #ConsumerBehavior

https://lnkd.in/g5r6KYZa Key Takeaways #Retail and #dining foot traffic, as measured by the Placer 100 Index, continued to trend upwards in June 2024, with year–over-year (YoY) visits up 6.8% – the highest they’ve been this year. #Grocery chains were major winners in June 2024, featuring prominently in the YoY rankings for both visits and visits per location.  One grocery favorite that ranked high for both overall visits and visits per location in June 2024 was Texas cult favorite H-E-B. H-E-B’s YoY visit growth appears to have been driven, in part, by an increase in short visits to the chain – likely bolstered by the chain’s well-known prepared food offerings. #radio #radioadvertising #radioworks

They say the way to someone’s heart is through their stomach, and it’s no wonder why. When it comes to some of the biggest brands in the world, expanding into the food realm is the logical next step in business development. For brands looking to expand their reach and develop strong relationships with their customers, opening restaurants has become an important step toward maintaining a thriving organization. Opening a restaurant boosts loyalty, allows customers to experience a brand’s offerings, and puts customers in front of an extensive array of merchandise. But it’s also a wonderful way to take things offline in an increasingly digital landscape. Foot traffic is increased, and new audiences, especially a younger generation that is willing to spend their spare dollars, are introduced to a brand. A restaurant has a tremendous capacity to solidify the bond between a brand and a consumer. Here’s a look at three unique industries that are taking the movement on at full speed. https://lnkd.in/gJaqfXAg #brandedexperience #branddesign #experientialmarketing #experientialdesign #restaurantdesign #hospitalitydesign #thinkunique #wearegeneris #generiscollective

Ghost Kitchens: A Cautionary Tale for Brick-and-Mortar Retailers Today's NYT carried a story about ghost kitchens and while they promised great returns - "we already have capacity" - they are closing. As restaurants juggled their in-person diners and virtual orders, they encountered significant operational and service issues. Retailers, take note of similar pitfalls in your stores, just because you have capacity doesn't mean you can afford to sacrifice the quality of in-store customer interactions. 👉 Out-of-stock is happening more and more. Master inventory control to prevent shortages and disappointment 👉 Staff are warehouse workers fulfilling orders over people. Allocate dedicated staff for online orders to maintain in-store service quality 👉 It matters how people are treated and serviced. Prioritize order accuracy to avoid costly mistakes and negative reviews 👉 Balance online and in-store customer experiences to preserve brand loyalty Your stores have worked hard to build trust with your customers. ✅ The last thing you want is to throw that away because you couldn't handle the fulfillment challenges. #retail #ecommerce #customersatisfaction #operationalefficiency #omnichannel https://lnkd.in/e97_PTyM