By: Insider Trends
You don’t need us to tell you that a lot of retail stores have closed in the last 12 months.
But you might need us to tell you that more physical retail stores than you might think are opening in 2021.
Despite everything happening in the world right now, many retailers are still choosing to invest in physical retail.
Part of this comes directly from those store closures.
Shuttered stores make for more choice of retail sites, more prime location availability and potentially lower rents as landlords look to fill vacancies.
While those are positive factors, in themselves they’re not a reason to open up a series of new stores.
So what’s driving this? What are the opportunities for physical space?
What can we learn about the state of retail in 2021 from the retailers who are opening new stores?
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