Thursday, January 3, 2019

Bricks-and-mortar retail is dead? Don't tell hot online brands rushing to open stores

Chicago Tribune
Brands that start online are increasingly recognizing the importance of bricks-and-mortar and amassing the resources to build physical stores. It’s a bright spot in the retail sector, which has seen mass merchants like Sears and Toys R Us.

But don’t count on the newer online brands to fill all that empty space in malls and shopping centers. Most are picky when it comes to where they want to put their stores, and many have their sights set on the same affluent neighborhoods and high-end malls.

Retailers that initially made most, if not all, of their sales online plan to open 850 stores over the next five years, according to a report from real estate firm Jones Lang LaSalle.. . . more