5 Ways The Coronavirus Pandemic Is Reshaping The Future Of Retail Stores
The retail industry, buffeted by the devastating impacts of the Covid pandemic, is being forced to redefine the role of the of the brick-and-mortar store. The fallout felt around the world from the global health crisis has accelerated several trends: People flocked to the web at unprecedented levels to order goods; the rate of permanent store closures ramped up, leading to a deepening crisis hitting America’s malls; and many retailers got smarter about using inventory stored in stock rooms to fulfill shoppers’ digital purchases. In coming years, retailers that want to survive and thrive in this new era of commerce should rethink their store layouts and make features like curbside pickup permanent, to meet shoppers’ changing needs, according to a report released Thursday from CBRE, a commercial real estate services firm. Read more at CNBC.