New report indicates that retail stores are still opening
Much has been made recently of the "retail apocalypse" in 2017, as several chains (including Radio Shack and Sears) have closed hundreds of stores.
However, a recent report by the IHL Group shows that brick and mortar retail continues to grow.
According to the report, "over 4,850 more stores are opening than closing among big chains, and when smaller retailers are included the net gain is well over 10,000 new stores. As well, through the first seven months of the year, retail sales are up $122 billion, an amount roughly equivalent to the total annual retail sales of The Netherlands.”
Link to full report: http://www.ihlservices.com/product/debunking-the-retail-apocalypse/
Here at F.C. Dadson, we see retail growing, especially in the restaurant and boutique markets. As the economy recovers, people won't huddle up in their homes and buy things on Amazon. Much of the joy in retail is getting out of the house, and that's not likely to change anytime soon.
If you're looking for a company to help you manage your retail buildouts, check out this E-Guide: Five Questions to Ask a Construction Management Company