It might seem like we’re going through some tough times in the retail real estate industry, but it could be much worse compared with what the industry faces globally. London-based John Strachan, head of global retail at Cushman & Wakefield told us that things in the US are performing better than the rest of the globe.
“You guys are feeling a lot better about yourselves than a year ago,” he told us. “The sense from Europe is that America is doing better.”
In fact, American retail brands are leading the charge in other countries. Strachan counted Abercrombie & Fitch, Apple, Gap, Disney Stores and other US-based brands as the most prolific in global expansion.
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