News: Front Section

Retail therapy: Stores in the time of COVID-19 - by Carol Todreas

 

Carol Todreas
Retail

Retail therapy is the pursuit of shopping to make one feel good, especially in times of stress. Coined in the 1980s when shopping became a national pastime and there were many more stores than today, shoppers flocked into stores and malls for well-being, as an escape.

Retail therapy needs a physical store and a live salesperson with whom to chat. Simple enough in preCOVID days, but given the pandemic and its resultant loss of stores, (over 30,000 expected to close in 2021) obtaining such therapy has become a problem leaving many seeking this form of therapy in a continual search for fulfillment. 

Even before the pandemic, stores were closing and pickings were slim. But now finding interesting stores is reaching crisis conditions just as demand from every generation is rising.

Some shoppers have taken to combining walking and pop-up searching in malls, but mostly finding dated stores and several vacancies; others are masking up to walk around neighborhood centers hoping for a find …even just one store will do. 

Stores providing retail therapy these days are special. Discovering such a store, the shopper experiences an “A-HA” moment, breathes deeply and readies to buy.

Such is the case at two relatively new stores. 2nd Hand Rose and Your CBD Store Needham. Both located in Needham Town Center. Both retail therapy providers; both with excellent customer service, both aligned with the stars to be an integral part of the 21st century. Here is why:

 2nd Hand Rose, a curated woman’s consignment boutique with designer and contemporary brands of all categories of clothing and accessories. Not just your ordinary array of consignment goods, but more than that a visual pleasure dome of merchandise from designer sunglasses to every other category of women’s apparel. Its not just the Chanel’s and LV’s that dazzle, it is the “feel” of the store, the comfort with the owners who actually help. The experience is fun and refreshing. 

Your CBD Store Needham is, in contrast, a minimalist designed boutique that feels more like a spa/salon than a retail sore. The store sells organic CBD products derived from hemp. Inside the décor is harmonious with generous spacing between merchandise. Products include creams, pet products, bath and beauty accessories, and oil tinctures, all for well-being and healing pain. Journey here to discover, to explore and to feel good. 

Retail therapy is a big reason we shop. It’s time now to place such stores in town centers and in renovated shopping centers and malls. These are tenants of today who will gently ease us back from clicks into the pleasures of bricks. They make us feel good. And right now we can all use that.

Carol Todreas is a principal at Todreas Hanley Associates, Cambridge, Mass.

MORE FROM Front Section
Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: