News & Updates

CSMFO Monterey Bay - Chapter Meeting

December 2016

On December 8th Managing Principal Barry Foster of ECONSolutions presented an update on 2017 Economic & Retail Trends to the CSMFO Monterey Bay Chapter in Watsonville, CA. The presentation was put together to assist local governments prepare for 2017 by gaining a stronger understanding of economic trends. Mr. Foster explained how the retail market is evolving from Brick & Mortar stores to businesses being well diversified in an Omnichannel world. He continued to discuss how a changing retail market is being affected by factors like technology, changes in shopping behavior, and generational differences as millennials become a bigger focus for expanding retailers. Understanding your trade area’s composition and opportunities becomes more important as big box retailers shrink their footprints and continue to invest in smaller store concepts, the grocery sector continues to expand, and entertainment venues becomes a bigger focus for lifestyle and power centers. To view the full presentation, click here

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