In many ways, the current pandemic crisis has created an environment of unprecedented stress in the retail landscape. Retailers have experienced previously unseen market forces resulting in months of closures and shifts in consumer behaviors. However, while this epidemic has exposed vulnerability in the retail industry, it has also uncovered opportunities.
The coming months represent a remarkable opportunity for retailers to rethink their business strategy. As the demand for real estate has decreased, landlords are more motivated than ever to work with tenants to renegotiate contracts. Retailers, therefore, should move quickly to take advantage by leveraging agile tools and insightful data to assess and make critical decisions about individual store locations.
+INFO: Total Retail