With store closings, bankruptcies and increasing
online shopping, retail has received a lot of negative attention in the
news recently. However, retail does not appear to be dying, rather it
is evolving as all industries must over time. Real estate owners must
evolve along with this changing retail landscape in order to attract
quality tenants. ...moreOnline shopping has been steadily increasing; however, traditional retailers have battled back by adapting their e-commerce strategies. Meanwhile, traditional e-commerce retailers are exploring physical store locations. This retail evolution is producing a hybrid model of retailers that offers both brick-and-mortar and online sales. The new version of retail stores often includes the following:... RSK: It keeps morphing and the building owners who can evolve to serve these new tenants can reap the benefits of some higher rents. | ||
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