Surviving the RetailPocalypse

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Stories about store closings seem to make a daily appearance on the national news; long-established retail chains announce plans to shutter stores and in doing so, put thousands of employees out of work. Despite dire forecasts, there is ample reporting that the retail industry is, by many indications, not only surviving but evolving along the way.

IA’s Global Director of Client Services for the Finance and Retail Industries, Ray Ehscheid, debunks the popular myth that the retail industry is dying and provides 3 key guidelines for retailers on how to respond to the rapidly changing consumer demands and expectations of the modern day shopping experience.

Discover more from IA’s retail practice by looking back at our 2017 preview of the retail industry find out which trends and observations we predicted will have a significant impact on the industry and our clients.

 

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With the calendar flipped to 2023, many property owners and managers as well as tenants of office buildings are asking, “Finally, is this the year people come back on site?” While nostalgic memories of fully occupied buildings crowded with people every day may be a bit excessive, most properties saw very modest occupancy during 2022, …continued.

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Many companies are striving to achieve climate neutrality, which involves bringing their greenhouse gas (GHG) emissions down to net zero on an annual basis. But most cannot immediately reduce their emissions to that level and will need several years to invest in the required technology as well as change their energy use practices. In the …continued.

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As most major cities experience a significant slowdown in central business district leasing activity, smaller, desirable sub-markets offering a rich mixture of office, retail, housing, and public amenities are enjoying a concentration of activity. New York’s Hudson Yards, Chicago’s West Loop / Fulton Market, and Seattle’s Belleview exemplify this trend. Within these markets, including a …continued.

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