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Welcome to our blog! Our blog will give us the opportunity to share news, updates and success stories we have going on here at Goodman Real Estate. Thank you for visiting!

Client Spotlight: TJX Companies

Discount retailer, Zayre Corp, was responsible for the opening of the first two T.J. Maxx stores in the U.S. in 1977, which were both located in Massachusetts. T.J Maxx was considered an off-price store, which was different from a traditional discount store because a retailer buys merchandise from manufacturers that have excess inventory and negotiates prices below wholesale. By the late 1980s, Zayre Corp was reconstructed and formed three brands – T.J. Maxx, Hit or Miss, and Chadwick’s of Boston. These stores were the initial brands that would eventually become The TJX Companies. Today, the retail giant encompasses T.J. Maxx, Marshalls, HomeGoods, HomeSense, Sierra, Winners, and T.K.Maxx.

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Experiment Retail in an Instagrammable Age

Experiment retail is somewhat of a new term that gives reason to why customers should visit a brick and mortar.

The fate of brick and mortar has been a hot topic for years but one thing is for certain: There is opportunity for stores to create experiences where customers want to come in – opportunities that online shopping cannot provide.

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Client Spotlight: The Home Depot

The prominent orange that covers the massive store fronts of The Home Depot stores across the world began as the idea of two DIYers who wanted to help people create the homes of their dreams.

Bernie Marcus and Arthur Blank talked up the idea of creating a space where shoppers could come in, find supplies and tools they needed, and receive knowledge from trained associates eager to help. They imagined a store where not only could you find everything you needed for your next project in one place, but also somewhere customers could learn how to do the project from a knowledgeable staff.

That vision became a reality in 1979, when the first two Home Depot stores were built in Atlanta, Georgia. The company then went public in 1981.

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Restaurants & Retail Leading the Way for a More Sustainable Future

To honor Earth Day this year, we’re taking  a look at how the day came to be and how certain restaurants and food-related retailers are making strides to adapt and become more eco-friendly.

Earth Day is celebrated on April 22 of each year and began as the modern environment movement in 1970. During a time in America when leaded gas, industrial building smoke stacks, and air pollution were not highly contested, the first Earth Day was introduced by Gaylord Nelson, then a U.S. Senator from Wisconsin, who witnessed the devastating effects of the 1969 oil spill in Santa Barbara, California. His goal was to enforce environmental protection into the national political agenda. By the end of 1970, that first Earth Day led to the creation of the United States Environmental Protection Agency and the passage of the Clean Air, Clean Water, and Endangered Species Acts. By 1990, Earth Day went global and encouraged those around the world to participate in a day that put environmental consciousness on the forefront. While much has been done to protect the Earth since 1970, issues such as global warming and plastic pollution in our oceans have forced changes in the consumer experience.

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What's Next for Empty Big Boxes?

It's not surprising that big box retailers have felt the effects of this digital age, which has forced many, including Toys”R”Us, Sears, Macy’s and more to close stores. So, what happens to that space and how are investors and real estate professionals attempting to make use of it?

Most often, people seek to reuse the space. This option is the most environmentally friendly but with carbon footprint aside, this option also helps retailers looking for smaller space. By dividing these large big boxes, real estate developers can accommodate multiple tenants. The age of massive retail space may be over, since consumers are gravitating towards online purchasing but retailers are adjusting to this and downsizing, now offering less inventory in-store and giving consumers the option to order the products they see, online. Showrooms are something retailers are experimenting with as well. This allows customers to get that physical touch a brick and mortar provides and then allowing them to make a purchase online and have the product delivered.

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