Amazon’s purchase of Whole Foods last week sent shockwaves through the grocery industry—and now the real estate industry is fired up. The effects of this major real estate play will unfold in the coming years, and it reinforces the fact that brick-and-mortar retail is not dead. In fact, it’s the key to sustainability in this volatile retail marketplace.
Real estate developers and investors are about to get busy thanks to
Amazon’s acquisition of Whole Foods. With Amazon’s focus on solving the
“last mile” dilemma, this deal shows that Amazon sees brick-and-mortar
investment as the answer. For retail to survive, there must be a balance
between the accessibility of brick-and-mortar and the speed of direct
sales.. . . more