Thursday, March 28, 2019

What’s In Store? The Future of Large-Box Retail as the New Town Center

Chain Store Age
As it becomes less important for consumers to be present at a physical location to shop, retailers will look to multi-purpose real estate development, similar to Walmart’s recent move to turn land adjacent to their stores into “town center” concepts.

E-commerce has been one of the major factor in driving this change, as retailers have had to reconsider the product categories they sell in store and why shoppers go to stores in the first place. The entire retail industry, both store and non-store, needs to meet more specific needs of their customers. The lines that have traditionally defined retail have become blurred, as people seek out more than just products. . . . more