Shopping Centers Today

MAR 2017

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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18 S C T / M A R C H 2 0 1 7 Competing nail salons have created a buyer's market for landlords By Beth Mattson-Teig Salon wars B8TA LE TS GROWN-UP 'KIDS' TRY OUT THE L ATEST GADGE TS 20 BLINK INC MAKES E VERYONE A MODEL FOR A MOMENT 21 KEEP YOUR STAFF HAPPY, ADVISES PIRCH FOUNDER JEFF SE ARS 22 L A FÊ TE CHOCOL AT BRINGS CHILE AN TRE ATS TO THE U.S. 24 S T O R E F R O N T S W H AT T H E T E N A N T S A R E U P TO A nyone wanting a quick manicure or pedicure has plenty of places to choose from these days. So do those desiring other types of nail services: spalike pampering, customized nail art and the like. Nail salons have become a staple shopping center tenant at small neighborhood centers and major malls alike, and all the more as landlords keep looking to offer services and experiences that drive repeat traffic. "They are certainly one of those uses that are Internet-resistant," said Joshua Weinkranz, Kimco Realty Corp.'s Northeast region president. Kimco has many nail salons across its roughly 530 shopping centers in the U.S. and Puerto Rico. But healthy growth among the salons has made for a crowded field indeed, and this is prompting landlords to get more selective. The salon operators, meanwhile, are working harder than ever to stand out. Industry statistics on the number of nail salons in the U.S. vary, but there are now some 400,000 individual nail technicians with active licenses, according to Nails magazine. "Nail salons have long proliferated here in Southern California, and more than ever, manicures and pedicures have become very mainstream and a part of many people's maintenance regimen," said Frederick Collings, CRX, CSM, CLS, senior vice president of retail leasing at the Newport Beach, Calif.–based Irvine Co. "That

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