Topics: retail, real estate, legacy brands, geographic expansion, new concepts, bricks and mortar, retail growth, consumer behavior, market trends, retail strategy

In this episode of ‘What’s in Store,’ hosts Karly Iacono and Chris Ressa discuss the evolving landscape of retail, focusing on how legacy brands are adapting and expanding despite challenges. They explore geographic expansion strategies, innovative new concepts from established brands, and the entry of non-traditional companies into physical retail spaces. The conversation highlights the resilience of the retail sector and the various ways companies are leveraging brick-and-mortar locations to enhance growth and consumer engagement.

• The change in federal monetary policy can create both opportunities and competition.
• Legacy brands are still expanding, contrary to headlines about retail closings.
• Geographic expansion remains a key strategy for established brands.
• Events like the Olympics can serve as catalysts for brand growth.
• New concepts within legacy brands can capture additional market share.
• Ace Hardware’s Elevate concept exemplifies local engagement in retail.
• Fresh Grocer is a new concept focusing on produce in suburban areas.
• Established companies like Netflix are entering physical retail with immersive experiences.
• Retail closings are a natural part of the industry’s evolution.
• The durability of retail is evident in the various growth strategies being employed.

• 00:00 Introduction
• 00:24 Excitement over federal monetary policy
• 01:44 Today’s episode: legacy brands expanding
• 02:37 Geographic expansion strategies
• 03:48 Global events as catalysts for retail growth
• 08:35 New concepts within established brands
• 14:08 Established companies entering brick-and-mortar
• 14:22 Netflix’s bold move into physical retail
• 17:50 The strategy behind Netflix’s location choices
• 21:15 Wayfair’s transition to physical stores
• 22:08 The future of non-retail businesses in physical spaces
• 24:54 Concluding thoughts on retail durability

About Retail Retold:

The Retail Retold Podcast highlights community retailer stories from across the country and gives a behind-the-scenes perspective from business leaders in both retail and real estate industries. The show’s episodes contain valuable insights that help solve the needs of entrepreneurs and real estate pros. Join host Chris Ressa and new guests weekly for amazing insights and thought-provoking stories.