Question

The retail market is changing, and the classic retail store is suffering from competition from online...

The retail market is changing, and the classic retail store is suffering from competition from online retailers and also pop-up stores. Landlords are also suffering.

What do you think the future of retailing is? More online? More pop-up? Less traditional brick and mortar leases? Explain.

What do you think that landlords/property owners should do to address this long term trend?

Business   Operations-Management   
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Answer #1

The future trends seem to be moving towards more online businesses becoming a part of the regular business process while the brick and mortar stores would mostly be replaced in order for the company to compete in the market. We can, therefore, say that companies should start jumping on the wagon and bring their stores online. While property owners and landlords might find it difficult to rent their place to businesses and startups, they can essentially start renting the places for server place and data centers which still need to make the use of a large amount of space especially for BIG DATA analytics, since it requires a huge amount of data and hardware processing capabilities.

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