NEW YORK, June 23, 2020
/PRNewswire/ -- Fillogic, the logistics-as-a-service platform
for retail, today announced plans to open tech-enabled micro
distribution hubs at select major retail properties owned by
top-tier mall owners and operators including Brookfield Properties,
Macerich, and Taubman.
Fillogic's primary focus is to help retailers improve service
levels, reduce costs, and optimize asset utilization through
strategically located, mall-based, tech-enabled distribution hubs.
Fillogic staff based at each property go to nearby retail stores to
pick up merchandise purchased online. Fillogic staff then aggregate
and pre-sort the items by freight delivery network and ZIP codes
for convenient, consolidated pick-up by parcel carriers. Today more
than 60% of mall-based retailers currently have ship-from-store
capability, with malls averaging 950 to 3,200 packages shipped
daily.
"As mall owners continue to evolve and shift their operations to
support retailers' multichannel sales efforts, Fillogic is the
mortar that connects clicks to bricks," said Bill Thayer, Fillogic's co-founder and co-CEO.
"Property owners, retailers and freight delivery networks have long
inhabited the same ecosystem, but until now they have not operated
as an integrated network. Our mall-based solution is designed to
aggregate demand and maximize efficiencies for each of these three
stakeholders in an era when store-based, e-commerce fulfillment is
increasing dramatically."
Five major retail properties – four in New Jersey and one in Connecticut – will be the first locations for
Fillogic Hubs to open by July 1.
These include Deptford Mall (Macerich), Paramus Park (Brookfield
Properties), Stamford Town Center (Taubman), and two other regional
properties. Fillogic plans to scale up quickly with 10 major mall
locations in the tri-state area set to be open by the end of
2020.
"While ship-from-store orders continue to rise, stores are not
designed to function like warehouses and store associates are not
optimized for fulfillment functions," said Rob Caucci, Fillogic's co-founder and co-CEO.
"Fillogic, with our in-mall locations, on-site staff and
proprietary logistics software, helps meet retailers' growing needs
to more efficiently distribute merchandise to their online and
offline shoppers. Our mall-based distribution centers, located just
a short distance away from the majority of retailers' customers,
enable retailers to provide faster delivery of virtually any
product they sell."
About Fillogic
Fillogic is a NYC-based
technology company dedicated to maximizing efficiencies for
retailers and freight delivery networks via mall-based micro
distribution hubs. The company was co-founded by Bill Thayer, a senior retail and logistics
executive with more than 30 years of experience and positions
ranging from COO at Loehmann's to technology consultant for Macy's,
Century21 and more, and Rob Caucci,
a serial tech entrepreneur with experience at top companies ranging
from Danone to Booz Allen Hamilton,
who also co-founded PijonBox, the subscription care package box for
college students.
About Brookfield Properties
Brookfield Properties is a fully-integrated, global real estate
services company that provides industry-leading portfolio
management and development capabilities across the real estate
investment strategies of Brookfield Asset Management — a global
alternative asset manager with over $515
billion in assets under management.
Brookfield Properties develops and manages premier real estate
with a focus on maximizing the tenant experience in addition to the
investment and operational performance of the asset. We also focus
on integrating leading-edge real estate technologies which enables
us to be at the forefront of innovation and sustainability –
benefiting not only our tenants, residents and business partners,
but also the communities in which we operate.
For more information about our approach to operating and
developing best-in-class real estate, please visit
brookfieldproperties.com.
About Macerich
Macerich (NYSE:MAC) is a fully integrated, self-managed and
self-administered real estate investment trust, which focuses on
the acquisition, leasing, management, development and redevelopment
of regional malls throughout the United
States.
Macerich currently owns 51 million square feet of real estate
consisting primarily of interests in 47 regional shopping centers.
Macerich specializes in successful retail properties in many of the
country's most attractive, densely populated markets with
significant presence on the West Coast and in Arizona, Chicago and the New
York Metro area to Washington,
DC corridor. A recognized leader in sustainability, Macerich
has achieved the #1 GRESB ranking in the North American Retail
Sector for five straight years (2015-2019). Additional information
about Macerich can be obtained from the Company's website at
www.macerich.com
About Taubman
Taubman Centers is an S&P
MidCap 400 Real Estate Investment Trust engaged in the ownership,
management and/or leasing of 26 regional, super-regional and outlet
shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the
most productive in the publicly held U.S. regional mall industry.
Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded
in 2005, is headquartered in Hong
Kong. www.taubman.com.
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SOURCE Fillogic