29 min
It’s Not Business as Usual for Retail Paychex THRIVE, a Business Podcast
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- Management
While you thought e-commerce and the pandemic might signal the end of retail, it’s alive and well, says Tom McGee, president and CEO of ICSC. Thanks to tech innovations, changes to physical store layouts, and a shift to service customers’ last mile of delivery, retail has been reborn. Further, a look beyond the shopping malls of yesterday will show that essential retailers and experience-oriented service providers have transformed commercial real estate hubs into modern centers of community life.
Topics include:
1:46 - ICSC's historic roots, current focus3:14 - Convergence in retail real estate service communities6:42 - Shift to service, experience trends in retail properties9:05 - Advice to retail entrepreneurs11:40 - E-commerce, technology impacts on store layouts15:39 - Increase in leasing demand18:13 - Benefits of stores as last mile of delivery23:49 - Growth opportunities across the U.S.25:20 - Retail’s potential in the modern marketplace
Resources:
Learn whether buying an existing business may be right for you:www.paychex.com/articles/startup/pros-and-cons-of-buying-a-business.Concerned how to protect your commercial property from unexpected impacts? Read our article, Should I Have Commercial Property Insurance? at www.paychex.com/articles/employee-benefits/what-is-commercial-property-insurance.
Read our Top Small Business Trends to Know for 2021 at www.paychex.com/articles/management/small-business-trends.
DISCLAIMER:The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
While you thought e-commerce and the pandemic might signal the end of retail, it’s alive and well, says Tom McGee, president and CEO of ICSC. Thanks to tech innovations, changes to physical store layouts, and a shift to service customers’ last mile of delivery, retail has been reborn. Further, a look beyond the shopping malls of yesterday will show that essential retailers and experience-oriented service providers have transformed commercial real estate hubs into modern centers of community life.
Topics include:
1:46 - ICSC's historic roots, current focus3:14 - Convergence in retail real estate service communities6:42 - Shift to service, experience trends in retail properties9:05 - Advice to retail entrepreneurs11:40 - E-commerce, technology impacts on store layouts15:39 - Increase in leasing demand18:13 - Benefits of stores as last mile of delivery23:49 - Growth opportunities across the U.S.25:20 - Retail’s potential in the modern marketplace
Resources:
Learn whether buying an existing business may be right for you:www.paychex.com/articles/startup/pros-and-cons-of-buying-a-business.Concerned how to protect your commercial property from unexpected impacts? Read our article, Should I Have Commercial Property Insurance? at www.paychex.com/articles/employee-benefits/what-is-commercial-property-insurance.
Read our Top Small Business Trends to Know for 2021 at www.paychex.com/articles/management/small-business-trends.
DISCLAIMER:The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
29 min