The retail industry has endured five hard years of recovery since the Financial Crisis, but a retail resurgence is well underway with consumer spending expected to rise by 4 percent this year.

 

The way retailers use real estate around the globe is fundamentally changing in response to shifts in consumer preferences, spending patterns and robust growth in e-commerce. International retailers are focused on acquiring high-quality retail space in markets with healthy market fundamentals. London, New York, Miami, Houston, San Francisco, Hong Kong, and Shanghai continue to attract top retailers and are outperforming their regional peers. Yet, these markets aren’t the only pockets of… Read More

 

 

 

Are store closings and retailers shrinking footprints leading to the downfall of the retail industry? Don’t bet on it. T-Mobile and JLL Retail’s CEO Greg Maloney weigh-in along with ICSC’s Jesse Tron who says, closing underperforming stores is business as usual for many retailers during this time. It’s nothing more than the retail life cycle in action. Last year the industry added a net of over 1,000 new retail establishments.

 

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Building global e-commerce market share? Know your destination. A retailer’s growth will follow a different path in developing countries, versus mature markets. According to eMarketer, worldwide business-to-consumer ecommerce sales will increase by 20.1% this year to reach $1.5 trillion. For the first time, consumers in Asia are expected to spend more on e-commerce purchases than those… Read More

#TBT to 1994, when the U.S. retail industry was booming with new ground-up developments, and the team had two grand openings and five re-grand openings.  Nearly 20  years later, almost all the folks in this photo are all still in the retail industry.

Follow Greg on Twitter at @Greg_Maloney

 

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