Don't believe the hype: Brick-and-mortar retail is here to stay


The hypothetical Retail Apocalypse should be supported by a decline in the total retail establishments, but that's not the case. The Bureau of Labor Statistics (BLS) reported 1,044,509 establishments for 2018, for a net gain of 2,413 establishments over 2017 (1,042,096). The 2018 figure also represents a net gain of more than 20,800 establishments since a retail trough in 2011, a low point resulting from the Great Recession.



Sharon Woods, CEO of real estate consultant group LandUseUSA, writes in Public Square, a journal produced by the Congress for the New Urbanism (CNU) presents an opposing, data-driven view of the future of America's retail landscape. 

Woods writes, "The future for brick-and-mortar retail is far less bleak than the scene painted by mainstream media. Although e-commerce is taking a larger share of the pie, brick-n-mortar and physical store sales are also continuing to grow. Most of the chain store closures are limited to certain segments of retail—particularly department stores anchors and apparel tenants of sprawling regional malls and strip centers.  "

Antonio Pacheco via Archinect - News http://bit.ly/2mzSdxJ

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