retail

The Sunshine Economy
2:46 pm
Mon December 23, 2013

The Reality Of Retail

Owner Lauren Reskin of Miami's Sweat Records.

This program originally aired on Aug. 26, 2013.  

If you've wandered the hallways of the Dadeland or Aventura Malls or walked down Lincoln Road in Miami Beach on a Sunday afternoon, you know shopping in South Florida can be a full contact sport.

South Florida is home to both the biggest outlet mall in the United States (Sawgrass Mills) and the shopping destination generating the highest sales per square foot in the world (Bal Harbour Shops.) The reality of retail is a reflection of two of our most important industries; real estate and tourism.

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The Sunshine Economy
6:30 am
Mon November 4, 2013

Joanna's Team Holds Their Own Against Grocery Goliaths

Two generations of Ledermans running Joanna's Marketplace in Miami.
Credit Tom Hudson

Late August 1992 was going to be a memorable time for Joanna Lederman, her husband Alan and sons John and Michael. They had spent the spring and summer getting ready to open a new independent grocery market.  After all the product testing, tastings, employee training, inventory stocking, marketing and other work to get a new business off the ground, they were all set.  

Joanna's Marketplace was going to open for the first time on South Dixie Highway in Miami on August 24, 1992. Then Hurricane Andrew hit South Florida.

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Business
6:30 am
Mon October 14, 2013

Why The End May Be Near For The Fashion District Koreans Built In Miami

Woo Ho Lee, a Fashion District founder, would like his son Joshua to inherit the business but Joshua wants to play pro golf.
Credit Katia Savchuk

For five blocks along Interstate 95 on the western edge of Miami's Wynwood neighborhood, you can buy women's clothing, jewelry and handbags in practically every store.

Not everybody knows about Miami's "Fashion District." But 20 years ago, it existed almost exactly the same as it does today in the mind's eye of Korean entrepreneurs.

Woo Ho Lee walked the block on a recent weekday afternoon, pointing out landmarks and remembering one of his mentors, Mr. Park.

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Zoning
10:43 am
Thu October 3, 2013

Walmart Moves One Step Closer To Breaking Ground In Midtown Miami

Opponents of the proposed Walmart made their presence known.
Credit Wilson Sayre

A battle over plans to build a new Walmart in Midtown Miami continued Wednesday night before the city's Planning, Zoning and Appeals Board.

Although both sides of the issue attended the meeting, the focus instead was squarely on the numbers, two in particular: 21 and 27. These are the zoning ordinances that govern the use and design of land in midtown.                                                         

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The Sunshine Economy
6:00 am
Fri August 30, 2013

The Sunshine Economy: Luxury Retail, From Head To Toe To Stomach

Credit Tom Hudson

Jimmy Choo at Sawgrass Mills. Hermes in the Design District. Even Marky's Caviar in Miami Gardens. South Floridians are welcoming luxury retailers with open arms just like Britto's "Welcome" sculpture greets shoppers near Dadeland Station in the photo on the right.

Luxury retailing in South Florida is expanding beyond its traditional glitzy locations and stretching to include not just shoes and accessories, but also shoppers’ appetites.

RELATED: The Sunshine Economy: Retail

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The Sunshine Economy
6:00 am
Thu August 29, 2013

The Sunshine Economy: The Fight For Your Spending

Credit freedigitalphotos.net

Of course you shop online. You're a digital consumer. You're on the Internet right now. You are a savvy shopper, looking for the right product at the right price and you want it fast and easy. Point, click, buy.

But you're in the minority. The vast majority of retail sales across the nation take place at brick and mortar stores. While Americans spend about $1 trillion per quarter in the retail industry, only a nickel of every dollar is spent online. But in the fight between online and in-store retailing, online spending is growing faster, much faster.

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The Sunshine Economy
12:30 pm
Wed August 28, 2013

The Sunshine Economy: The High Price of Luxury In South Florida Retail

Credit Tom Hudson

One square foot is not a lot of space. You can fit a pair of shoes in one square foot. But, if you are a luxury retailer at Bal Harbour Shops in Bal Harbour, you sell $2,800 worth of merchandise per square every year. That's six times what the average shopping center generates in the same amount space.

RELATED: The Sunshine Economy: Retail

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The Sunshine Economy
11:59 am
Tue August 27, 2013

The Sunshine Economy: From Water Beds To Today

In the 1970’s it was water beds. In the 1980’s, Keith Koenig sold dinette sets. Now it’s couches and entertainment centers.

Koenig and his brother began what would become City Furniture in 1971. He has seen plenty of cycles in the South Florida economy, as well as how consumer tastes impact his business. Housing booms and housing busts. A growing population. And wicker. Koenig has a unique perspective at the intersection of two industries: real estate and retail. His outlook?  Very positive.

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Black Friday
8:22 am
Fri November 23, 2012

It's Crazy Out There!

Shopping Smiles: Awaiting their chance at the bargains, shoppers took seats on the concrete at a Kendall BrandsMart USA store.
Credit Luisa Yanez / Miami Herald

South Florida shoppers wiped the turkey gravy off their lips and got in line to shop last night as Black Friday morphed backward into Thursday to kick off an ever-earlier Christmas shopping season.

Lines for the early deals began forming before sundown on Thanksgiving and the scenes at the big boxes and malls grew more hectic and even chaotic overnight.

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