A closed retail store in Manhattan, New York. Photo: AFP
Large US stores might be closing, but smaller niche retailers are taking their place, analysts say
- There’s no doubt retail was overbuilt over the past 10 to 20 years, Florida Retail Federation says
- While online sales have had an impact, 90 per cent of retail sales still occur in bricks-and-mortar stores, AT Kearney says
Topic |
International Property
A closed retail store in Manhattan, New York. Photo: AFP