Archive for September, 2011
Over the past two years, a new dynamic trend has emerged with America retailers. A few retailers are actually expanding their store layouts while most retailers are actively pursuing downsizing their store footprints to reduce operating costs. Office Depot, Target, Walmart, and Best Buy who have held steadfast to their larger footprints are exploring new strategies of smaller-sized retail building components to fit the needs of an area while hopefully, contributing to the profitability of the company.
Office Depot has shrunk their building square footage requirements from 25,000 square feet to 14,000 square feet. Hobby Lobby has gone from 85,000 square feet to 55,000 square feet. While Walmart has developed two new prototypes, a 45,000 square foot Walmart Neighborhood Market Place and a 15,000 square foot Walmart Express concept to open up more opportunities in urban areas.
This trend can be seen in the Lincoln market as Best Buy is downsizing its current floor space by making 12,000-18,000 square feet available for lease in their store at 48th & R Streets. Opening kiosks at airports is another strategy Best Buy is testing to reach customers and reduce costs.
Retailers will continue to explore alternatives that will impact store sales and operations and ultimately profits as economic conditions remain challenging and consumers want more value.
You are invited to learn more about the many benefits of building automation systems at LES’ Smart Energy Forum set for 8-9:30am on Wednesday, September 21st.
A building automation system (BAS) is a computerized, intelligent network of electronic devices that can be designed to monitor and control heating, cooling, ventilation, lighting, pumping and other energy-consuming items within a building.
Presenting will be Kirk Conger, a mechancial engineer who has 26-years of experience in the energy industry. He currently works at the University of Nebraska-Lincoln Facilties Department focusing on energy-efficiency projects and building controls. Conger will present an overview of two UNL projects that resulted in significant reductions in energy use. He will discuss how and why the projects were a success.
Scott Bahm of NAI FMA Realty and Jim Hines of Beran Fundamental Church of Lincoln will also share their experiences with building automation systems.
LES’ Smart Energy Form: