More Private Label, Smaller Store Footprints: How COVID-19 Is Accelerating Existing Retail Trends
Retail TouchPoints
JULY 17, 2020
in 2014 to 40% in 2019. Retail was already shrinking in terms of floorspace: total square footage dropped by 4.4%. store count increased from 244,000 to 270,000. With nearly 60% of retail square footage in the U.S. COVID-19 Creates The Foundation For Private Label Renaissance. over the past three years.
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