CSP Daily News’ Post

H-E-B's Growing Influence in the DFW Grocery Landscape H-E-B's aggressive expansion into the Dallas-Fort Worth (DFW) area is reshaping the grocery sector and the broader real estate landscape. With new stores in McKinney and Allen, H-E-B was responsible for an impressive 22% of all retail construction in DFW in 2023, underscoring its significant impact on the market. Key Highlights: Strategic Expansion: H-E-B's North Texas rollout, including a groundbreaking in Melissa, signifies its commitment to serving the rapidly growing urban fringe. This move not only caters to the community's needs but also establishes H-E-B as a key player in the region's retail development. Driving Retail Construction: H-E-B's entry into the market accounted for a significant portion of the retail construction in DFW, highlighting its role as a major driver of new construction and a job creator in the area. Job Creation and Economic Impact: Beyond its retail footprint, H-E-B's expansion is creating thousands of jobs, contributing to the economic vitality of the DFW area. With competitive pay and a people-centric culture, H-E-B is attracting and retaining a strong workforce. H-E-B's strategic expansion into North Texas is a testament to the company's understanding of market dynamics and consumer preferences. By choosing fast-growing areas north of Dallas for its initial rollout, H-E-B is not only meeting the demand for quality grocery options but also driving retail construction and spurring healthy competition among grocers. The company's impact extends beyond the grocery aisles, influencing real estate development, job creation, and the overall economic landscape of the DFW area. As H-E-B continues to grow its presence in North Texas, its influence on the grocery sector and the broader community is expected to deepen, benefiting consumers and the economy alike. https://lnkd.in/gbpFHt8R #BTR #dfwrealestate #cre

Happy New Year Everyone 🙌 One of my #newyear resolutions this year is to try to help highlight the positives of what is happening on the #highstreet and to try (in a little way) to change the negative narrative to encourage footfall and investment in UK city and #towncentres. As part of this I will be posting regularly about retailers , restaurants and other businesses who are opening new sites and stores, those looking for new locations, new independent retailers, online retailers looking for physical presence, investment activity happening in the town and city centres around the UK and anything else that’s happening on the high street. I have compiled a long list of what’s happening but if you have any information on #newstores , #placemaking activity , #artsandculture , #foodandbeverage and #bid or #localgovernment activity and investment please share 🙏🏻. #retailnews #indieretail #storeopening #popups

Retail Today / Retail Renaissance: Supermarkets vs Low-Income Neighborhoods “OPPORTUNITY or HEADACHE” #groceryindustry #lowincome #opportunity Twenty years ago, real estate developers moved aggressively into low-income areas, bringing retailers and restaurants owners. Now many of those communities are seeing a retreat of business. #retailindustry #restaurants #realestatedevelopers Obviously current trends have created an unmanageable environment for businesses. What are the roadblocks? Economic - Demographic - Real Estate Costs - Zoning - Crime - Vandalism - Operating Expenses - Consumer Demand However the bottomline, it became unprofitable and then safety concerns. #profitability Cities can scream about “Food Deserts”, but until governmental control takes responsibility, no business person is going to open stores. #fooddeserts #government #responsibility Family Dollar is closing 1,000 stores. #familydollar #dollartree Dollar General is opening 800 stores in 2024. #dollargeneral Aldi has committed to open 800 stores over the next few years. #aldi The one thing consistent in my travels, retail continues to grow where there’s opportunities for growth and profits. #growth #profitability As we discussed last week, Target’s plan for expanding in vibrant areas of Miami. #target #jobs #taxes #retail #retailtrends #shoppingexperience #stores #sales #TopRetailExperts

Popular grocery chain H-E-B is moving forward with a store in Forney, but it will be in a different location than previously planned. Learn more about its new site and some of its real estate strategy in this story. #dfw #business #retail

So what is the future of the High Street? My view is retailers will become more experience-led with services on offer as well as product to further differentiate from the online experience. Such innovations will help to increase the basket and create clear blue water from one retailer to another. Retailers will invest more in colleague training and development so customers receive tailored advice and support to make sure they buy what is right for them. The service needs to be more proactive too rather than the customer having to track someone down in the aisles to help. In-store environments will start to offer some of the benefits of shopping online like access to customer reviews, video content and UGC. We may see more out-of-town players extend their footprint to include the high street too. Indeed we have already seen B&Q and Screwfix announce plans to do this, as well as Waitrose investing in smaller format convenience stores which is good to see. I wonder if we will see this trend continuing with the likes of Currys, Pets at Home or Halfords taking another look at the High Street? Landlords would rather take some rent rather than leave units empty so the economics might be more favourable too. The stats are still worrying though. Over the first half of this year 38 outlets closed per day and were only replaced by 25, so we continue to lose physical presence overall especially affecting chemists, pubs and banks.

According to research commissioned by online marketplace Faire, Americans want to see their local small businesses thrive — and are willing to spend more to do so.   Nearly 75% of Americans surveyed stated that the pandemic made them appreciate their local shops more than they did before. Consumers in suburban areas have become increasingly passionate about contributing to their local economies, with over 70% citing this contribution as the primary reason they choose to shop at local small businesses.   M&P offers a balanced mix of local shops and restaurants as well as big box and chain stores in all of our properties across the Southeast. No matter the size or location, we focus on property-tailored strategies that foster long-term tenant success.   Photo: Local favorite HaMi Boutique at Marketplace at the Bray is just one of our locally-owned shops.   Read more in Chain Store Age: https://lnkd.in/etAa6qjR   #shopsmallbusiness #mpshoppingcenters #marketplaceattheBray #boutique #shopping #cre #alabamaretail

Why It Took Fry's 20 Years to Open in Gladden Farms - The Power of Data, Understanding Retail Decisions: As a commercial real estate agent in Tucson and Southern Arizona, I've always been intrigued by how major retailers decide when and where to open new locations. Fry's recent decision to open a grocery store in Gladden Farms, Marana, after holding the property for nearly 20 years, is a prime example. Retail giants like Fry's analyze consumer behavior through data. By tracking VIP cards, Fry's discovered that Gladden Farms residents were willing to travel to nearby locations for groceries. This meant building a new store in Gladden Farms was unnecessary to capture their business. This strategic decision allowed Fry's to delay construction until absolutely necessary. Red Rock faces a similar situation. Retailers have found that Red Rock residents are also willing to drive to nearby locations for their shopping needs, reducing the incentive to build a new store there. For communities like Red Rock that want closer retail options, it's essential to understand that shopping behaviors influence corporate decisions. These conversations need to happen more frequently. By choosing where we spend our dollars, we can influence the development of new retail locations. As a commercial real estate agent at NAI Horizon, backed by a team with nearly 200 years of experience, I'm committed to helping business owners and investors make informed decisions. Understanding the strategic decisions of large retailers can empower us as consumers. By aligning our spending habits with our desires for local development, we can drive community growth. If you're interested in buying, selling, or leasing commercial property in Tucson, Marana, or Oro Valley, I'm here to help.

🚶♂️🛍️ The High Street Struggle: Unveiling the Challenges! 🇬🇧💔 🛒 Let's talk about the challenges our beloved high street shops and eateries are facing, and how we can make a difference by understanding the reasons behind the drop in footfall. 💬🏬 Online Shopping Boom: The convenience of online shopping has skyrocketed, offering a vast array of choices right at our fingertips. High street retailers are grappling with the digital shift, and to keep our local shops thriving, we need to find a balance between the virtual and physical shopping experiences. 🌐🤝 Changing Consumer Habits: The way we shop and dine has evolved. Busy lifestyles, changing work patterns, and a desire for speed have led to a shift in consumer behaviour. To revitalise our high streets, let's explore innovative ways to cater to modern needs while preserving the essence of local shopping. ⏰🔄 Economic Uncertainty: Economic ups and downs can impact consumer spending. The uncertainty surrounding finances can lead people to cut back on non-essential expenses. Supporting local businesses during tough times can make a significant impact on the economic health of our communities. 💼💷 Supermarkets Retail Parks: The rise of Supermarkets and retail parks with ample free parking spaces poses tough competition for high street shops. Let's brainstorm ways to make our high streets more accessible and appealing, ensuring they remain the go-to destination for shopping and dining. 🚗🏙️ Rise in Delivery Services: Food delivery apps and services have changed the game for eateries. While convenient, they can divert foot traffic away from local restaurants. Let's find a balance by occasionally opting for dine-in experiences to help our local eateries thrive. 🍽️🛵 ✨️TEG Retail can be the driving force behind the resurgence of our high streets! ✨️Our TEG Traders market creates more footfall to the hight street! ✨️Our experience team can support you on your retail journey! ✨️We can provide 1-1 local business mentorship! ✨️We support struggling high street businesses! You are the solution!! Share your thoughts on your favourite shops and eateries, support local businesses, and let's ensure our high streets remain the vibrant hubs we know and love. 🌆🛍️❤️ For more information about the services TEG provides contact [email protected] #HighStreetRevival #SupportLocal #ShopSmart

In my experience, the rise of Dollar Stores started during the Great Recession and their growth has only increased. A friend who is an architect in Michigan, was charged with drafting designs for Dollar General all throughout that state. But what is interesting to me is that there will be Dollar Tree several miles from a Family Dollar and a few blocks away there is a Dollar General. I so find that each carries different items to cater to different classes of buyers. But why do we need 8 Dollar Trees, 6 Family Dollars, and 12 Dollar Generals in a city of 69,000 people? Some will say, it is the free market that is working itself out and that stores would not be build if a feasibility study did not reveal the ability to make a profit. Yet, I often wonder if they are built in such a way that there is usually only 2-3 staff there at a time. This means that there is never enough staff at some of the stores to even stock the inventory unless it is at the expense of one less person working the register. Of course, they just go to self-checkout options. But I guess we have to ask, why so dollar stores need to exist. Working in parts of Portage County, Ohio, I noticed how Dollar General was the local grocery store. The IGA's were long closed. No grocery store chain would see any economy of scale to even consider moving in. So folks had the options of gas stations, drive thru's, or Dollar General. In a way, I think the same dynamics are causing increases even in larger cities. The local grocery stores have closed, the Walmarts, Aldi's, and Marc's Stores are not within walking distance. The public transportation systems do not lend themselves to allow people to even have foldable carts for groceries. Even when they do, the spoke like transportation systems and lines that take hours to get to grocery stores will mean people will opt for Dollar stores of any type. They are convenient, but at a cost https://lnkd.in/g-tNeQNX

H-E-B Continues Expansion in DFW: New Store Breaks Ground in Melissa** H-E-B, a leading grocery store chain in Texas, is making significant strides in the Dallas-Fort Worth area with the groundbreaking of its latest store in Melissa. This move is part of H-E-B's ongoing expansion in the region, reflecting the company's commitment to growth and community service. *Key Insights:* - *Strategic Growth:* The new 131,000-square-foot store, located at the northeast corner of U.S. 75 and Highway 121, is a testament to H-E-B's strategic expansion in the DFW metroplex. This location is expected to open in 2025, enhancing the brand's presence in North Texas. - *Comprehensive Services:* The store will feature a pharmacy with a drive-thru, a True Texas BBQ restaurant with a drive-thru, and options for curbside and home delivery, catering to the diverse needs of the community. - *Community Engagement:* In a gesture of community support, H-E-B announced a donation of $40,000 to Melissa ISD schools, underlining their commitment to local development and education. - *Regional Impact:* This development is part of H-E-B's broader initiative in the DFW area, including upcoming stores in Prosper and Rockwall, and recent openings in Frisco, McKinney, Allen, and Plano. The expansion reflects the company's confidence in the region's growth and its potential as a key market. *Analysis:* H-E-B's expansion in Melissa and the wider DFW area signifies not just the growth of a retail giant but also highlights the economic vitality and demographic trends of the region. The store's comprehensive range of services and community-focused initiatives demonstrate H-E-B's dedication to enhancing the shopping experience and contributing positively to the areas it serves. https://lnkd.in/gk7Nk2cR #landdevelopment #CRE #dfwrealestate