It comes as no surprise that the retail industry is changing, especially with big-name brands, such as Sears, Macy’s and J.C. Penney, declaring bankruptcy, shuttering locations, and announcing closures. Despite this shift, consumer confidence and spending are elevated, and the overall retail property fundamentals remain healthy with continued improvement.
As numerous big-box locations that were once the main traffic-generators to shopping centers remain empty, well-funded investors with a sharp eye for opportunity are taking advantage to reinvent the space. Several big-name businesses are changing the retail game, and for the better.
The following article highlights the big-box tenants that are transforming the shopping center space and how they are taking advantage of the opportunities currently available in the market.