May 23, 2017
Beyond the Headlines: “The Big Box is Dead?”
U.S. – It’s easy to think that big-box, big-name retailers are going extinct. Shoppers are flocking to Amazon and other online retailers to buy everything from furniture to computers to...
U.S. – It’s easy to think that big-box, big-name retailers are going extinct.
Shoppers are flocking to Amazon and other online retailers to buy everything from furniture to computers to suits.
And the headlines are filled with big-name retailers such as Macy’s, Sears and J.C. Penney announcing their latest round of closures.
But a new report, Beyond the Headlines, from CBRE says that the outlook isn’t so glum for all big-box retailers.
In this series, CBRE Research compares the prevailing headlines with what is actually taking place in the retail real estate industry through a close examination of market fundamentals and retailer activity.
CBRE’s report, released May 18, 2017, says that big-box retailers are on schedule to open hundreds of new stores spanning tens of millions of square feet this year.
In all, CBRE says, 13 big retailers plen to open nearly 1,700 stores in the United States this year. These new stores will total 40 million square feet of retail space.
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