MONK: Why Downtown's retail strategy may be missing the Target

Fighting for something we gave away years ago?

Downtown retail has struggled in recent years, with the demise of Tower Place Mall, the announced relocation of Saks Fifth Ave. to Kenwood and TJ Maxx’s decision to close its Fourth Street store May 10 for a new location at Newport Pavilion. Many observers think Tiffany & Co. could be next to leave downtown to join Saks at the Kenwood Collection, a retail and office project next to Kenwood Towne Centre.

But Downtown Cincinnati Inc. Chairwoman Jill Meyer doesn’t believe downtown retail is dead. It just needs to be different.

“Everything has its season,” said Meyer, partner in charge of the Frost Brown Todd law firm. “The downtown that those stores moved in for is a different downtown that we have now.”

Convenience retailers like CityTarget might fill the void. But at least one expert thinks a bigger shift is required, that downtown retail needs a new strategy and a new epicenter.

Monk analyzed demographics and compares Cincinnati's Downtown to other CityTarget locations. 

Insiders can see what Monk found from the data and also learn more about a retail strategy that would build on Over-the-Rhine's resurgence, downtown's changing demographics and the streetcar.


Comments

or Subscribe now so you can share your opinion! It’s only a penny for a month trial.

Latest Forecast