Landlords are backfilling vacant big-box spaces with multiple discount retailers, while Amazon explores growth in brick and mortar to complement their digital presence, says Hanley Investment Group’s Bill Asher.
Amazon has shown the retail world that today’s consumers are turning to the convenience of online shopping, but in some cases, consumers still prefer traditional brick-and-mortar stores as long as the shopping experience is easily accessible. The change is especially being felt by big-box retailers, who have been shaken by ongoing uncertainty (and a few bankruptcies) over the last year. So, how are landlords back-filling vacant big-box spaces and re-evaluating their future disposition options?
More info at Globest:
How Box Retail Is Adapting To The Amazon Effect