small, local, minority, women and disadvantaged businesses. The program’s goal is to achieve 25 percent participation by businesses that qualify under the federal Airport Concessions Disadvantaged Business Enterprise (ACDBE) program. In order to be certified as an ACDBE, firms need to meet certain criteria, including having at least 51 percent ownership by a socially or economically disadvantaged individual. Provenzano Resources is an ACDBE in Colorado, and went through the process to qualify so as to assist and understand these small business owners.
profile airport locations will help to build brand recognition to 50 percent over the next 5 years. The specialty leasing program complements an already
strong airport concession program that spans nearly 168,000 square feet and includes more than 140 retail and food concessions. In 2010, the concessionaire program generated over $243 million in annual gross sales and over $43 million in revenue to the airport. “This program provides an excellent opportunity for small businesses that have never retailed within an airport before,” says Leah Older, manager of alternative revenue and concession marketing at Denver International Airport. “We also benefit by providing our travelers and employees a unique shopping experience while enhancing our non-airline revenue,” she adds.
Leasing opportunities Although the program is open to many business types, Provenzano Resources is focusing on creating opportunities for
Vendors do need to adapt to differences
that exist in the airport setting compared to a traditional mall location. One of the key differences is security. All employees are required to be screened and carry airport identification badges. In addition, the heightened security means added steps for stocking merchandise. Provenzano Resources created a unique system with an onsite distribution center to deliver merchandise directly to the RMUs and kiosks. The merchants receive license agreements that range
from between four and 12 months long. “We want to turn the program quite a bit because we want new, interesting and trendy merchandise,” says Pierpont. “So there are always going to be opportunities for new concepts at Denver International Airport through the specialty leasing program.”
For more information, please visit
proresourcesinc.com.
Beth Mat tson-Teig is a f reelance business wr i ter based in Minneapolis, MN. She specializes in covering the national commercial real estate industry.
SpecialtyRetail.com Winter 2012 n Specialty Retail Report 25
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140