Headlines

Amazon Stores a Huge Draw: Retail Developers

The brand’s stores shift from threat to opportunity for shopping centers

Published

6 years ago

March 5, 2019

kmpeyton

As increased vacancies plague malls across America, landlords are seeking Amazon (Seattle) as a high-profile anchor tenant to draw more shoppers.

The retailer announced last week that it would be opening more Whole Foods grocery stores with new formats, reversing course with its 365 stores, and that it would open a brand new grocery concept that’s yet to be detailed by the company. It also plans to open different types of stores, including bookstores and pop-up shops.

Monday at a property conference in Hollywood, Fla., reports the Wall Street Journal, Don Wood, CEO of Federal Realty Investment Trust, said, “The idea of more demand from [Amazon] is a huge positive for me.” Jay Luchs, Vice Chair at real estate consulting firm Newmark Knight Frank, added, “When Amazon comes knocking, it feels like Apple has showed up.”

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design