Macy’s, Target, Ikea & Others Are Getting Smaller Stores; Mall Operators Are Getting Worried
Sep 24, 2020
As if mall operators and retail real estate owners didn’t have enough to worry about with bankruptcies and liquidations, they have a new terror to face: stores getting smaller. In a trend that began well before the pandemic but has now accelerated as shopping patterns change, retailers are looking at downsizing their existing stores and building new locations that are substantially smaller than their typical footprint. It’s another COVID-19 by-product that threatens to transform the retail landscape in ways that seemed unlikely in what has always been a bigger-is-better philosophy in the business. Read more at Forbes.
