Retail markets often change with the U.S. economy. Currently, one popular consumer trend is cross-channel shopping, for its value and quality. Despite gas prices that are more than 30% higher than last year, cross-channel shopping is alive and well in the consumer packaged goods (CPG) industry. In fact, three-quarters of today’s consumers shop across five…
Real Estate and the Retail Industry
Colliers International, a global real estate services firm, issued its 2010 Retail Trends and Opportunities report showing that retail vacancies will stabilize in many markets this year, but new retail construction has virtually disappeared and lease rates have dropped 25-40% from peak levels. Challenges abound in the retail marketplace, and we’ll witness more retail failures,…