Perspective
Nov. 5, 2015
New retail formats are thinking outside the (big) box
Until recently, one of the biggest trends in retailing was a shift to supersized shopping venues. Now, that trend has changed dramatically. By Craig Swanson
Up until a few years ago, one of the biggest trends in retailing was a shift to supersized shopping venues and warehouse clubs. Now, according to data from RetailNet Group, that trend has changed dramatically. Approximately 39 percent of North American retail sales growth is coming from stores that are 35,000 square feet or smaller, with more than a third of small-store growth coming from stores that have less than 5,000 square fe...
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