May 29th, 2018
Each week, I select a few articles that rise above the fray and hopefully help you on your journey in the CRE world. They pull from one of four "corners:" corporate real estate, technology, management science and anything positive. I welcome your comments on these articles and the submissions of others (with credit to you if I post them). I wish you a terrific week!
"Happy Memorial Day! If you’re fortunate enough to have the day off from work, the most important thing on your to-do list today is to actually take the day off. Studies have shown that “people only send 40 percent less email” on holiday Mondays compared with regular Mondays. (Thank you, smartphones and tablet
Amazon isn’t going anywhere, so shops that would rather not shut down are adapting, resulting in a somewhat surprising retail renaissance.
In other words, with the old models for retail broken, or at least a good deal less sturdy, and rents finally in decline, risks are being taken. That willingness to experiment means that certain seemingly threatened — but perhaps more resilient than imagined — retailers such as bookstores are returning in new forms. Shakespeare & Co. is opening four stores, but they’re much smaller than the old ones, only 2,000-to-3,000 square feet, because new technology allows books to be printed and bound while you wait, minimizing the need for shelf space." www.thecut.com
Q&A with C&W'a Ben Conwell; Retail's Not a Zero Sum GameQ“Why do you say retail is not a zero sum game?A: I use this phrase to call out the fact that omni-channel shoppers – a group that continues to grow significantly every year – do not shop online OR in physical stores. Rather shoppers are flowing seamlessly from digital to physical and back again, often multiple times before making a purchase decision. Furthermore, regardless of whether legacy physical or digitally native, retailers are increasingly discovering the complementing value of compelling offerings through both platforms. One does not rob from the other: they support each other. Where physical locations are closed, increasingly retailers are seeing a decrease in online sales in the service area. We are seeing the inverse as well – where the roll out of a new, or upgraded online offering correlates with increased physical store sales. This is not a binary proposition – it is an additive one.” www.blog.connect.media.com[tweet_box design="box_09" float="none"]Where physical locations are closed, increasingly retailers are seeing a decrease in online sales in the service area.[/tweet_box]
"We gave you some basics on how to work from home not too long ago, but this pitfall can be extremely hard to overcome. Maybe that flexible schedule keeps you from daily basics like exercising and eating, or maybe it just causes you to work 12 hour days without realizing where the time has gone. Whichever camp you fall into, it’s important to make sure your day doesn’t become a black hole.” www.nytimes.com
“What we think of as email got its start in the 1970s, with recognizable email addresses, mailboxes, folders, and sending and receiving as we know it now. The network was tiny then, mostly grad schools flirting with the American military-industrial complex. The trust model was around a small homogenous group of technical people, largely known to each other. Because of this, there was no authentication of emails, and there were no privacy measures. Forgery was not only easy, but common. Anyone could send mails saying they were from anyone, and the people running the servers could read everything that went by.Email’s privacy model was always based on courtesy: We wouldn’t look at the messages crossing the network that weren’t for us because that would be rude. It would be even more rude to change them, though system administrators did regularly insert strange messages or modify messages as pranks, or to get their users’ attention. Emails from God or Santa Claus were not unheard of." www.theatlantic.comYour success blesses others. I wish you a great a hugely impactful week!