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. The pandemic also may accelerate retailers’ embrace of smaller stores located closer to shoppers’ homes. Retail was already shrinking in terms of floorspace: total square footage dropped by 4.4%. over the past three years. Growing E-Commerce Could Accelerate A Shift Toward Smaller Stores.
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