Newscenter

Retail is one property sector that never has time to rest on its laurels. As they battle the lingering effects of the recession and increased online shopping competition, retailers are once again shifting store strategies.

The steep economic downturn forced many retailers to clean house by eliminating underperforming stores, upgrading locations, and taking a hard look at their broad approach to future growth. The chief task going forward is how to squeeze more efficiency — namely lower costs and higher sales — out of brick-and-mortar stores in a world where online shopping is rapidly increasing.

“I think that the number of stores are going to be reduced, the size of the stores is going to be reduced, and the operating functionality of the stores is going to increase,”...

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