Bricks to Clicks: Online Stores Get Real
Take an online concept, add some brick and mortar and a pinch of Wow Factor, and before long you have a successful format. So say the brokers of Lee & Associates.
"Many online retailers that started opening brick-and-mortar stores have seen anywhere from a 30 to 40% increase in sales.” So says Rick Scardino, a principal in the Chicago office of Lee & Associates.
He and his Temecula, CA-based colleague, SVP Brian Bielatowicz, are seeing the bricks-to-click trend growing in both regions, and little wonder. A rising amount of online retailers are starting to follow the Amazon model, recognizing that a physical presence is necessary to remain fully competitive in a tough and expensive market.
It’s the internet equivalent of what many traditional retailers are learning through very tough lessons, namely, they need a well-thought-out and all-encompassing omnichannel strategy to survive.
“We’re starting to see that trend pop up more and more,” says Bielatowicz. “Retailers are following the Amazon model, proving they need physical storefronts for people to see and feel their product and have a convenient place to pick up their merchandise.”
But that could be done in a barebones showroom. To keep shoppers coming back, the oft-repeated buzzword is “experience,” or as Scardino terms it, a “wow” factor.
About Lee & Associates Commercial Real Estate Services
Lee & Associates is a fully-integrated commercial real estate company with unrivaled capabilities and an unwavering dedication to integrity. Our business-minded brokers specialize in office, industrial, retail, multi-family, land, investment services, corporate solutions, and valuation and appraisal services. As the fastest-growing broker-owned firm in the nation, with 60+ office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit www.lee-associates.com/.