Why Are We Still Opening Retail Storefronts?

by MR Magazine Staff

The pendulum always swings. Once upon a time, big-box stores decimated mom and pop storefronts. Then, online retailers smashed big-boxes. Now, the mom and pops are coming back and online stores find that having a foot in both the online and offline worlds can work wonders. Recent data suggests that brick-and-mortar is far from dead, with in-store sales growing for a number of retailers. In NYC, retail is simply reinventing itself. As principal and co-founder of a New York City real estate company, I have seen this evolution of traditional brick-and-mortar storefronts being replaced with better versions of their former selves that are more experiential and less purely transactional, and that offer goods and services you cannot buy online. Read more at Forbes.