Vol. XXIII, No. 3, March 2023
- Editor's corner
- 2023 forecast for the attractions industry
- Esports isn't living up to its hype
- The weekday daytime leisure economy
- How the young adult market will shift
- Pistachio is a recent flavor trend
- For young adults, owning a VR headset is as rare today as it was in 2018
- Have we returned to pre-pandemic normalcy?
- Long waits reduce revenues and profits
- Store vacancies open opportunities
- Covid-related popularity of pickleball may be faltering
- Why LBE models need to be different today
- Competitive socializing with soccer
- It's all about perceived value, not just price
- Births down not totally bad news
- Announcing Agritourism Today
- Surge pricing comes to bowling
Store vacancies open opportunities
Between 2015 and 2021, on an annual basis, store closures exceeded openings by approximately 16,000 according to Coresight Research. Last year physical store openings exceeded closings for the first time since 2016. Retailers are anticipated to open even more stores this year than last, about 1,400.
A big driver of new store openings is shoppers seeking bargains, especially at dollar stores. In this order, the top six retailers opening stores in 2022 were dollar chains and discounters, including Dollar General, Family Dollar, Dollar Tree, Five Below, TJX Cos., and Aldi.
Many stores that closed between 2015 and 2021 were large, such as department stores and big box stores. A large share of retailers leasing vacant stores last year and this are the dollar stores, which are small, in the 8,000-12,000 square foot range. This indicates that there are still a large number of vacant bigger stores. Those in good markets offer an opportunity for new location-based entertainment venues to lease them.
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Vol. XXIII, No. 3, March 2023
- Editor's corner
- 2023 forecast for the attractions industry
- Esports isn't living up to its hype
- The weekday daytime leisure economy
- How the young adult market will shift
- Pistachio is a recent flavor trend
- For young adults, owning a VR headset is as rare today as it was in 2018
- Have we returned to pre-pandemic normalcy?
- Long waits reduce revenues and profits
- Store vacancies open opportunities
- Covid-related popularity of pickleball may be faltering
- Why LBE models need to be different today
- Competitive socializing with soccer
- It's all about perceived value, not just price
- Births down not totally bad news
- Announcing Agritourism Today
- Surge pricing comes to bowling
