CHICAGO—Even though many regions of the world wallow in the economic doldrums, the US continues to act as beacon, bringing in investors and new businesses, including those from the retail sector.
"We are seeing a surge of interest in the US from European retailers," James Cook, the Americas director of retail research for Chicago-based JLL, tells GlobeSt.com. "Even after a retailer has tapped all of the European markets, it is still under pressure to grow. And for cultural reasons it is easier for Europeans to make a leap across the pond to America than to open outlets in Asian markets."
The US also has six times more retail square feet per person that the UK, with 2,375 square feet per 100 inhabitants, according to Retailing U.S.A, a new report on the trend from JLL. That's more space than France, Denmark, Finland, Portugal, Spain, Italy and Germany combined, the researchers found, making the US an increasingly attractive locale for European retailers that have reached maturity in their home markets.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
