Amazon just opened an Amazon Go store in downtown Chicago, its first in the metro area.
CHICAGO—Everyone knows the rise of online shopping delivered a major hit to the world of brick-and mortar retail. But a new report from Marcus & Millichap shows the sector may be steadying after a long stretch of store closings and bankruptcies. Perhaps most notable aspect of today's market is that, along with luxury-oriented retailers, class B and C properties are finally strengthening.
“Now that the economy has stabilized, discretionary income is up, and that bodes well for all retail,” Austin Weisenbeck, senior vice president of Marcus & Millichap, tells GlobeSt.com. “We are an economy driven by the middle class, and the middle class shops in B class centers.”
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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.
