Manhattan Retail Major Markets Report
Retail has always been about keeping up with the latest trends; however, today’s market has undergone unprecedented reformations at a remarkable pace.
Evolving customer preferences on where and how to shop make it challenging for many landlords and retailers to adapt. Moreover, the internet and eCommerce enhancements continue to capture consumers’ attention. Existing retailers are faced with the challenge of retooling in order to regain foot traffic; perhaps even take a page out of their neighbor’s playbook with Instagram-worthy spaces featuring experiential designs and attractions. Meanwhile, online-exclusive retailers are debating whether to begin their foray into physical store space with a pop-up destination, or just play it safe and stay on the e-commerce-only road.