Monday, April 10, 2017

Blackstone's Jonathan Gray Adjusting To Retail's Challenges

Blackstone's Jonathan Gray Adjusting To Retail's ChallengesTraditional retail is troubled, and Blackstone global head of real estate Jonathan Gray is adjusting his firm's strategy to adopt to the growing demand for e-commerce.

Across the global developed economies, online makes up between 4% and 18% of total sales, but "no matter where you are, at 4% in Italy or 18% in the U.K. online retail is still growing at 15-20% a year," the man in charge of the world's biggest real estate portfolio told participants of NYU's Schack Institute of Real Estate annual REIT symposium. . . . more

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