“I think last year a lot of people were a little unsure of the future, but I think the year has shown that retail is here to stay,” said Jeremy Schwartz, a senior associate of retail services at Avison Young, a commercial real estate services firm.
The stock performance of retail REITs has come under pressure in part due to the impact of e-commerce competition.
The company reported in November that same-store sales—a key measure—rose 4.2 percent last quarter.
Each woman wearing SoulCycle leggings is a walking advertisement for the $34-per-class paying “tribe,” said Melanie Whelan, the chain’s chief executive officer.
The focus likely will continue to be on the evolution of the omnichannel shopper and alternative uses of retail spaces.
For its part, the NRF expects retail sales to be up 3.6 percent to 4.0 percent for the holiday season.
Only about one in three Americans now get to Target each month, compared with a decade ago, when about half the country did. Ignoring guys is no longer an option.
Even with deep discounts, brick-and-mortar stores failed to boost customer traffic on Black Friday.
REIT sector experts say the attention that the retail sector is now receiving is long overdue.