Palmer Retail Solutions Blog

Tips for Retail Store Success

Posted by aderby on Oct 31, 2013 6:36:45 AM

Create a successful retail store environment.

Elements combine to create a successful retail store. Store fixtures provide the building blocks for an effective layout, but employees, location, and inventory are just as important. Follow these tips for retail success.

Elements of a Successful Retail Store

  • Location. Choosing a successful store location is the first step towards establishing yourself as a dominant retail store. No customers means no sales! Keep shopping habits of your target demographic in mind before leasing a space. Independent stores should choose space in high traffic areas since many consumers will be unlikely to venture to find a store they have never been to before. Keep rent prices in mind as well. Too high a price and you’ll be charging more than the market can bear for your products. If you’re a high-end store, don't choose a location in an outlet mall where savings and low prices are stressed.
  • Stock your shelves. Dismal, empty shelves won't attract customers. Stocking your shelves is the biggest initial cost to opening a store. Visit other stores to get an idea of the merchandise you would like to carry and the typical mark-up price. Narrow down your choices to a general theme for the store.
  • Stick to a theme. Shoppers enjoy the process of buying when they are presented with a well-rounded experience. Distinguish yourself from competitors by using a distinct theme throughout the store. This includes interior design and decorations, store fixtures, and inventory.
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Tags: retail environment, successful store tips, mall management companies, retail tips, retail advice, palmer retail solutions, retail stores, retail solutions, merchandising, retail store tips, Retail Environment Industry

CBL & Associates Properties, Inc.

Posted by Katey Cowan on Jun 13, 2013 6:43:09 AM

Mall Management Company: CBL & Associates Properties, Inc.

Palmer Retail Solutions is proud to work with CBL & Associates Properties, Inc. one of the largest Retail Estate Investment Trusts (REITs) in the United States. Based in Chattanooga, Tennessee, CBL manages or holds interest in 159 properties across the country, including 95 enclosed malls and open-air centers that dominate their market. CBL develops and obtains lifestyle and community centers, open-air centers, and regional malls.

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Tags: building a kiosk, mall management companies, mall kiosks, kiosks, palmer retail solutions, Retail Environment Industry

Simon Property Group, Inc.

Posted by Katey Cowan on Jun 3, 2013 7:49:02 AM

Mall Management Company: Simon Property Group, Inc.

Palmer Retail Solutions is proud to work with Simon Property Group, Inc. (SPG) the largest real estate company in the world. SPG is “geographically diverse,” currently owning or have interest in 160 malls in 34 states in the US and in Puerto Rico. Their goal is to create a comfortable, safe environment for customers to shop, dine, and interact. SPG strives “to be the preeminent developer, owner and manager of retail real estate,” with a commitment to their employees, customers, retailer, business partners, and the communities where they manage.

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Tags: mall management companies, Simon Property Group, kiosk leases, mall kiosks, kiosks, palmer retail solutions

General Growth Properties

Posted by Katey Cowan on May 29, 2013 11:30:05 AM

Mall Management Company: General Growth Properties

Palmer Retail Solutions is proud to work with General Growth Properties, Inc., a fully integrated, self-managed and self-administered real estate investment trust focused exclusively on owning, managing, leasing, and redeveloping high-quality regional malls throughout the United States and Brazil. Their malls offer more than just places to shop; they serve as entertainment hot spots, offering movie theaters, restaurants, ice-skating rinks and numerous family activities.

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Tags: building a kiosk, mall management companies, general growth properties, kiosks, palmer retail solutions, Mall Kiosk, mall environment

Mall Management Company Feature #1: Westfield

Posted by adminx on Apr 17, 2013 9:27:32 AM

Palmer Retail Solutions is proud to work with Westfield Properties, a premier mall management company with a global portfolio. Westfield Mall Management Company manages a wide variety of “iconic shopping centers in major cities around the world, integrating the best in fashion, food, leisure, entertainment and digital technology with the world’s leading retail brands.” Their goal is to create a luxury experience for all retailers and consumers by meeting the highest expectations of their patrons.

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Tags: building a kiosk, mall management companies, mall kiosks, kiosks, palmer retail solutions, westfield properties, Retail Environment Industry

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