CRE Professionals Roundup: Transforming the Retail Experience for Customers
The expansive rise of e-commerce and experience-spending over the last several years has impacted traditional retail centers and stores in many ways. From the closing of big box giants, such as Toys “R” Us and Sears, to Amazon’s acquisition of brick-and-mortar locations, the retail market is changing drastically. To give some perspective, retail stores turned off lights and shut the doors at over 12,000 locations around the country last year due to rising rents, over-saturation of malls / retail centers, low profits, and bankruptcies.
Source: H&R Retailer