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    PropTech Newsletter: The Week In News, But Shorter

    October 21 - 27, 2024


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    The Week In News, But Shorter
    October 21 – 27, 2024

    A Weekly  PropTech Newsletter bringing you industry updates from across the real estate spectrum

    Launched in 2022, Amazon Today is now shutting down. The service allowed retailers who sell on Amazon to offer speedy delivery from their brick-and-mortar stores and shopping malls in select cities, and this new gap in the market could be a good opportunity for property owners to step in. Offering ship-from-center technologies and services, especially those that streamline deliveries and create economies of scale, has become more and more desirable, and now is as opportune a time as any to consider a rollout. Want to seize the moment? Let’s talk.

    In other news this week, we showcase creative ways brands are pushing customer engagement. Amazon’s Just Walk Out tech is making waves at NBA arenas, enhancing convenience for fans. Meanwhile, The Paper Store’s expansion reflects a renewed investment in local, in-person shopping experiences, and Chick-fil-A’s launch of an entertainment app is a bold move to connect with customers beyond the dining room. Find us over on LinkedIn to keep up with all the latest!

    Digital Meets Physical

    Amazon to shut down speedy brick-and-mortar delivery service [CNBC] Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers. The company has stopped any new development of the service, called Amazon Today, and will begin to wind it down, according to people with knowledge of the matter.

    Chick-fil-A is releasing its own entertainment app, with family-friendly shows and podcasts [CNBC] Chick-fil-A will launch the Play app, which will host content aimed at families with children aged 12 and under. Research and conversations with customers found a connection between consuming content and mealtimes, according to Dustin Britt, Chick-fil-A’s executive director of brand strategy, entertainment and media.

    Warehouses Increasingly Turn To Automation, But That Creates New Problems [BisNow] Bringing in robots isn’t a simple solution. It doesn’t work for some facilities that weren’t built with automation in mind, and the technology requires warehouses to use much more power, a resource that has become scarce in many regions as the booming data center sector overwhelms utilities.

    Five NBA arenas deploy Amazon ‘Just Walk Out’ shopping platform [Chain Store Age] The checkout-free stores will open at Gainbridge Fieldhouse in Indianapolis, (home of the Indiana Pacers), Spectrum Center (home of the Charlotte Hornets), Scotiabank Arena (home of the Toronto Raptors), Crypto.com Arena (home of the Los Angeles Lakers) and Paycom Center (home of the Oklahoma City Thunder).

    Amazon deploying AI tech in delivery vans [SupplyChainDive] Amazon will deploy artificial intelligence technology in 1,000 of its electric delivery vans by early next year to increase driver productivity. Vision-Assisted Package Retrieval, or VAPR, uses AI to help drivers quickly find the packages they need at each delivery stop.

    PropTalk

    The Paper Store dedicates $60M to brick-and-mortar expansion [RetailDive] The Paper Store is marking 60 years in business with a $60 million expansion plan across the Northeast and into new markets including the Midwest. Over the next five years, the gifts and homewares retailer will renovate existing stores and open an unspecified number of new ones.

    Attention shoppers: Last full-sized Kmart in continental US closes as retail giant fades [USA Today] The time to make final selections at the last full-sized Kmart in the continental United States is nearly up as the once retail giant turned out its signature blue light in New York. The Bridgehampton store, about 95 miles east of Manhattan, closed its doors for the final time Sunday night.

    Retailers Grasp for Holiday Magic Amid Raucous U.S. Elections and Shorter Season [The Wall Street Journal] Retailers are moving to protect their all-important holiday sales season from the double downer of this year’s U.S. presidential election and a compressed shopping period.

    How luxury labels use pop-up stores to epitomize prestige, revitalize sales [Fashion Network] Following the pandemic, luxury labels have opened a huge number of pop-up stores, especially focusing on beach clubs, hotels and seaside resorts as venues for this new type of temporary shop. The phenomenon accelerated sharply this summer, with luxury labels reaching new destinations such as Greece and Turkey.

    Bed Bath & Beyond Stores to Return in $25 Million Partnership With Kirkland’s [The Wall Street Journal] Beyond and home-decor retailer Kirkland’s have entered a partnership that will bring back physical Bed Bath & Beyond stores more than a year after the retailer filed for bankruptcy.

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