Retail Sector Continues to Evolve Post Pandemic, New Concepts Redefine Thriving Consumer-Oriented Real Estate Model That’s Emerging Disruption to retail caused by the pandemic, upended the way in which merchants sell to customers. The need to pivot, almost instantaneously to e-commerce took customers off the selling floor and riveted them to their touchscreens, completely redefining the buyer’s journey. As we …
Flight from Quality: A Mall Survival Strategy
Pre-COVID, ask any investor what kind of retail they were looking for and the answer would be experiential retail with elevated service offerings. Operators were undergoing aggressive leasing campaigns to attract direct to consumer tenants into bricks and mortar spaces and the key conversations were around activating spaces in order to maintain foot traffic throughout the day and night. Class …
Frictionless Shopping, Delivery Robots and Online Fulfillment Shaping Grocery Retail Trends
The grocery industry, one of the most competitive and market reactive in the retail sector, faces a critical moment. Pandemic shopping habits changed dramatically by force, and operators had to pivot and adapt quickly as customers curtailed trips to the grocery store in favor of online shopping and delivery. Revenues rose as much as 35% from the previous year as …