Are You an Internet Resistant Retailer?
Retail isn’t going anywhere anytime soon - especially if you are in "internet resistant" retailer. This is a great article that highlights some of the driving growth trends in retail, noting that internet resistant tenants are only going to continue to increase in size. Simply put, there is no retail apocalypse on the rise, if anything, now is a great time to be in the space. PGP loves these kinds of assets - great locations, great service-based tenants, great lifestyle experiences for customers.
From the article:
She tells us that she doesn’t see those users going anywhere “especially when you see boutique fitness (pilates, yoga, spin, etc) and the Planet Fitness and Anytime Fitness’ of the world (just to name a few) have become the darling of any shopping/lifestyle center along with beauty retailers like Ulta, who are also expanding into this space like wildfire, putting up strong quarterly numbers.”
Same goes for fast, casual food, she says. “We are now seeing celebrity chef’s move into the fast casual arena, which makes it even more exciting to be a part of retail right now.”
She says just the opposite, in fact, and says it is the most exciting time to be in retail. “Discount retail is not slowing down and I believe that Nordstrom Rack may indeed be outpacing Nordstrom. TJ Maxx/Marshalls/Home Goods, Ross Dress for Less, Dollar General, etc.”
Full article here: https://www.globest.com/2019/05/20/are-you-an-internet-resistant-retailer/