Retail Revolution: The Changing Retail Space and Why These Impacts Could Be Built to Last

What is happening now in retail will determine the rules of the “New Normal.” Perhaps more than any other segment, retail brands came into the COVID-19 crisis in a particularly difficult position. Despite a decade-long economic surge in the U.S. and across the globe, retail has been contracting. We see challenges such as changing consumer habits, growth of e-commerce and direct-to-consumer brands, rising commercial rents, and a tightening of the labor market. Retail balance....

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