Specialty retailers – from legacy brands and DTCs to startups – are all facing the same challenge: Declining mall traffic and higher downtown office vacancy rates are making traditional store location decisions far riskier. Brands are wondering if neighborhood stores are the next frontier. If Target, Macy’s, Starbucks, Faherty, Lululemon, Vineyard Vines and others can do it, why can’t we? Local Incubators In fact, neighborhood locations have always played an important role as incubators of new specialty retail concepts. Notable brands, …
Ken Hewes and Steve Morris
About Ken Hewes and Steve Morris
Ken Hewes runs the retail consultancy Mod Advisors LLC, focused on helping brands and specialty retailers grow. Steve Morris is founder of Asset Strategies Group, LLC, which, since 2002, has helped more than 150 retailers improve their most important connection with their customers – their physical stores, through customer and location analytics, deal execution, store design and construction and real estate business process efficiencies.