First Ever Retail Sports Betting Pop-up Shop Coming to New York City Thanks to Jon Price
/Widespread closures have impacted the retail industry, with many more stores being shut down in the coming year due to a shift to online shopping platforms. One bright spot as recently covered by the Wall Street Journal is specialty pop-up shops.
Soon thanks to sports betting legend you’ll be able learn how to bet on sports and place a bet on this retail opportunity thanks to the Sports Information Traders CEO who is in talks to open his first retail Sports Betting Shop right outside of New York City in New Jersey where sports betting is legal.
More than 75,000 stores that sell electronics, clothing, and furniture will close by the year 2026. The most productive retailers in the United States are discount superstores, off-price department stores, and pop-up retail that operates temporarily in vacant spots after bigger companies go out of business. To understand why there is a downturn for traditional retail while smaller pop-up shops are thriving, it's important to identify the driving force and history of the current retail apocalypse and how a professional gambler like Jon Price only makes the right bets showcasing that Pop Ups are a safe bet for retailers and commercial real estate owners.
So where did the Retail apocalypse history saying start? Retail apocalypse became a widespread issue in 2017 when multiple announcements from major retailers stated that their business had to scale back their brick-and-mortar retail presence, discontinue altogether, or call for bankruptcy. The Atlantic described this phenomenon as the "Great Retail apocalypse of 2017." That was when nine retail bankruptcies and apparel companies had their stock hit new lows, including former juggernauts like American Eagle, Lululemon, and Urban Outfitters.
Since 2010, several markers hinted at the incoming apocalypse, with several major department stores closing within the period. For example, Sears --- the world's once a leading retailer --- had 3500 stores and more than 350,000 employees in the year 2006. In less than a decade, Sears had a meager 1430 retail spaces open. In 2018, the retailer officially filed for bankruptcy and planned to close an additional 142 stores.
Even though the retail apocalypse is still going strong with more than 9300 stores closing in 2019, there are still specialty shops that have been able to endure these changes, even thriving. One of these specialty shops is smaller pop-up shops. Pop-up shops have unique benefits not only for retailers but also for customers.
Pop-Up Shops Replacing Traditional Retail Spaces
A pop-up shop is a temporary storefront operated by a merchant. These merchants can be from an online store or an offshoot of a traditional retailer. Pop-up shops used to be a trend with some condemning it as a marketing gimmick --- however, it has become a mainstay feature in the retail industry. They have become more prevalent in recent years and continue to grow in popularity. Pop-up shops have several benefits for retailers and customers alike. Jon Price has run the numbers and realizes that opening a public sports betting tips and wager shop is a way to innovate a stagnant industry while letter every day consumers that are looking for additional income through sports betting can come into his store, learn how to wager on sports, download the fanduel application, wager on games, and make money right in the pop up store.
Some of the benefits of retail pop ups are:
For customers:
The short-term retail environment allows customers to experience products firsthand.
A more intimate setting.
Exposure to products and services that they weren't able to take advantage of in the past.
For businesses:
Test the location. With a pop-up shop, you'll be able to see how well your products perform in different locations before investing in a traditional retail space.
Additional revenue stream.
Lower risk. Since companies will not be locked to a long-term lease, businesses will be able to relocate on a whim.
The universal thread that links the pop-up phenomenon in the retail industry is the drive to learn about consumers and their evolving wants, all while testing new retail concepts, markets, and sites before fully investing in a retail space. Currently, conditions cannot be better for pop-up storefronts --- retail vacancies are at an all-time high, short-term rental marketplaces make it easy for tenants and landlords to find each other, and shopping mall owners no longer insist on long-term contracts.
Pop-up shops and storefronts have become particularly popular in major cities like Los Angeles and New York City. Pop-up stores have become the cornerstone of innovation within the retail industry, with New York City receiving its first-ever pop-up sports betting shop by sports betting legend, Jon Price is something the local sports bettors are going to be very excited to see first hand in the world’s greatest city.
With a background in mathematics and a knack for probabilities and statistics, Price found that he had a talent for picking winners in sporting events. His continued success allowed him to garner a following. He loved the fact that he was able to combine his passion for numbers with his favorite hobby. To Price, it made sense to make a career out of his abilities and has only recently started providing his advice to the public after numerous sportsbooks limited his six and seven figure wagers.
Price made a name for himself by placing multiple high-stakes sports wagers, including a $1 million bet on the Super Bowl XLIX. He also placed several bets on the 2015 Kansas City Royals to win in the World Series before the season started.
Price is now taking his love for sports betting into a pop-up shop that is opening in the greater New York City area later this year. The pop-up shop will feature a sports betting lounge so betters can watch games, hostesses to help set up accounts, and the opportunity to receive tips from the legend himself. Even though it is a premier pop-up shop that will attract veterans in the sports betting hobby, it is also open to those who have experience in the industry but want to take their sports betting abilities to the next level with the help of the worlds most successful sports bettor.