Future Bright for Brick-and-Mortar Retail, Study Indicates

The future looks bright for retail stores. That’s the conclusion of a new report by the International Council of Shopping Centers. The report, set to be released in May during the Council’s Annual Conference, finds that population growth in the United States is now outpacing the addition of retail space by three-and-a-half times. “As a result, shopping space per capita, which peaked in 2009 at 24.2 square feet, now stands at 23.7. This correction will make way for demand in new retail space once again,” the report said. Chain Store Age