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

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A closed retail store in Manhattan, New York. Photo: AFP
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