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Progression of retail



Retail development is gaining strength globally, but there is no need for the US to add to its stock.
The market is on an upward drive as retailers require additional space, thereby increasing rents.  This comes despite a growing internet sales market.  The online market has grown so fast that many real estate investors, financiers and developers are trying to get into the market to offer distribution facilities that are ready for use.

The competition between stores and online stores is no longer applicable.  Each retailer needs an e-commerce section to survive.  Retailers are reinventing stores, while mall owners are doing the same in larger centers.  E-commerce growth will be seen in books, consumer electronics, certain items of apparel, but some consumers will still visit stores to view and try items.  This places pressure on center owners and retailers to offer consumers the correct balance of products and entertainment.

The focus has been placed on the young adults and how they shop.  The choice of this influential group has clearly stated that retails needs to innovative to compete these days.  The right combination is crucial.

More about shopping malls in the USA



DAY BEFORE YESTERDAY, USA:
Tesla stores are leaving mallsThe electric car maker is taking another blow to the position of malls that are losing tenants one-by-one.
DAY BEFORE YESTERDAY, Estonia:
The initial value of the 55,000 sq.m. complex is €85 million.
Jul 28, 2021, United Kingdom:
Two years after Philip Morris announced its plans to expand the British chain, it has become known of its intention to close it completely.
Jul 28, 2021:
Those who have not been vaccinated will not access public spaces, such as government offices, restaurants, and shopping malls.
Jul 27, 2021, United Kingdom:
The chain of luxury department stores, founded in 1909, may change ownership.
Jul 20, 2021, USA:
LVMH will acquire a controlling stake in Off-White, with its founder retaining 40%.
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Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


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