Retail Archives | Page 16 of 33 | CREtech
The Federal Aviation Administration has released new and looser rules for flying drones over highly populated areas and at night, effectively laying a welcome mat for future aerial deliveries of takeout food, Amazon packages, prescription drugs — you name it.
Over the last quarter of a century, no asset class in real estate has seen more transformation than the retail sector, due to advances in technology, innovations in the supply chain and ever-advancing changes in consumer behavior. Where once consumers flocked to suburban shopping malls and the brick-and-mortar stores of city streets, ecommerce - combined with next-day delivery capability - has com...
Proptech company Planet Smart City, that designs and builds smart affordable neighbourhoods, has completed the acquisition of Djungle, a digital services developer. Djungle specialises in the design of digital solutions for customer engagement and loyalty in the retail sector.
Unlikely as it may sound, grocery stores are becoming dream properties—coveted but hard to prise away from their owners. Changes to accounting rules are just one reason why it has become less appealing for supermarkets to sell their real estate.
The company that created the popular videogame “Fortnite” has agreed to purchase a North Carolina mall and plans to redevelop it as a global headquarters, the latest sign that struggling malls are evolving into new kinds of real estate.
Office landlords have fared better than shopping-mall owners during the pandemic so far. However, they may soon be competing with their own tenants as companies sublet space they no longer need.
Nike is providing consumers who would prefer to stay home during the pandemic an accurate, virtual view of how items fit. The athletic footwear and apparel brand is leveraging the Omnivor Holograms for Retail solution as the platform for its new Nike Virtual View feature.
Starbucks Corp., which has about 33,000 locations worldwide, predicts that it will increase that number dramatically over the coming decade. “While the pandemic temporarily disrupted our business, our Growth at Scale agenda has provided the focus and discipline to deliver more consistent oper...
In May 2019, women’s clothing retailer Dressbarn announced it was closing its approximately 650 stores. In May 2020, home goods retailer Pier 1 said it would close all of its 942 stores.