Background
RDC
Inc. was started in 1988 by Robert Smith after leaving a 40 year career
as a corporate real estate manager in the supermarket industry. Robert
started as a store manager in Iowa and worked through the ranks in store
operations and eventually store development. Companies like Nash Finch,
General Grocers, Super Foods, and Alterman Foods all benefited from his
experience and knowledge of the grocery business and store location
research. After the purchase of Alterman Foods, Robert realized the gap
that existed in the retail real estate market and formed Retail
Development Consultants Inc. to meet the needs of both retailers and
developers.
The
foundation was set by analyzing real estate sites for the supermarket
operators and their developers using proven methods of regression analog
modeling systems to forecast sales and validate each site by these
merits.
In
1995 his son Tom joined RDC Inc. after 10 years as a corporate real
estate director for Bruno's Food Stores, Morrisons Restaurant Group, and
Advance Auto Parts. In doing so, RDC Inc. has expanded into GIS mapping
techniques for real estate analysis and continued doing gravity model
sales forecasting for the supermarket industry. Along with sales
forecasting models, we could now examine market penetrations and new
market potentials in a different dimension. When displayed on large
format maps, both RDC Inc. and our clients can visually see the math and
analysis that supports each market.
Another
dimension began when other types of retail uses were examined using the
same principles that the supermarket industry uses. Areas with unmet
retail demand were noticed and customer profiles were developed for
power center type retailers. Customer spotting and identification are
used to locate new markets for all retailers and restaurants. Knowing
who your customer is becomes a key to unlocking new market penetration.