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COVID-19 altered the way customers shop, and the way retailers do business now and in the future. Retailers are responding to changing consumer behavior and demand with more urgency in the wake of COVID-19. From operations and staffing to marketing…
With Retailers and shopping malls grappling to come to terms with the impact of the COVID-19 crisis, businesses everywhere face a future that is both uncertain and unpredictable. For many companies, the next six months will have only one goal:…
Shopping malls need to provide a comfortable environment for the retailers that rent their space, as well as the customers that visit them. Considering the complex layout of most malls and the steady stream of visitors they receive every day,…
In 2017, Sears, Macy’s, RadioShack and JC Penney closed over 100 stores. A year later, Toys R Us announced its liquidation and closed almost 800 stores across the United States. Closures like these have been going on for the past…
In response to the newly emerging retail scene, the traditional shopping mall has seen a decline in revenue generation. The digital age is upon us, and consumers are repeatedly opting to fulfill their shopping needs through online stores, as opposed…