Retail apocalypse? More like “retail renaissance.” Traditional storefronts may be shutting down in droves, but streets were “overretailed” to start—and the new stores popping up are rethinking retail to be less about inventory and more about in-store experience. Don’t expect the department stores with 20-year-leases to rise again; instead, “temporary will become the permanent state of things” as trendy pop-ups decide to outstay their initial promotions and digital-first stores sign up for short-term leases. (The Cut)
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