As U.S. chain retailers absorb the lessons of the Great Recession, many big-box chains have started to shrink average store footprints to reflect the growing importance of multi-channel shopping, adapt to urban settings, and recognize the need to optimize portfolios.
Wal-Mart, Target, Best Buy, and the Gap, among others, all have small concepts in the works or are adapting existing ones. These smaller store formats should allow the retailers to maximize profitability and open more stores in closer proximity to each other.
Source: Retail Traffic
Related Stories
Retail Centers | Jul 17, 2017
Subway updates restaurants, brand with fresh design and improved customer experience
FRCH Design Worldwide is leading the redesign that will start with 12 pilot locations across the country.
Retail Centers | Jul 10, 2017
The retail renaissance part II: The role of planning and development in the future of shopping
The retail sector is charting unfamiliar territory as web sales and evolving tastes force a paradigm shift.
Retail Centers | Jun 21, 2017
Creating communities from defunct malls
It’s time to plan for the suburban retail reset—and it starts by rethinking the traditional mall.
Mixed-Use | May 17, 2017
The Lincoln Common development has begun construction in Chicago’s Lincoln Park
The mixed-use project will provide new apartments, condos, a senior living facility, and retail space.
Airports | May 15, 2017
Five trends for airport retail
CallisonRTKL Vice President Kevin Horn pinpoints how travel retail is changing dramatically.
Retail Centers | May 3, 2017
18 Carbon fiber wings grace Foster + Partners-designed Apple Dubai Mall terrace
The store’s large terrace provides views of the Burj Khalifa and the Dubai Fountain.
Retail Centers | May 2, 2017
43,000-sf Chicago Starbucks will be world’s largest
The new branch will be located along Chicago’s Magnificent Mile in a building currently occupied by a Crate & Barrel store.
Healthcare Facilities | Apr 28, 2017
Can healthcare be retail?
Healthcare systems have much to learn from retail. While they have been laser-focused on delivering exceptional patient care on their primary campuses, they face an onslaught of new challenges as they embrace a retail strategy to expand outpatient services and their ambulatory network.
Retail Centers | Apr 27, 2017
Changing an automotive retail paradigm
Significant changes are underway as automotive manufacturers and retailers try to anticipate consumer demands in changes in their business models.
Mixed-Use | Apr 24, 2017
Take a look at Brooklyn’s Domino Sugar Refinery redevelopment
The master plan features market-rate and affordable housing, mixed-use space, and a waterfront park with a 5-block long “Artifact Walk.”
