LAS VEGAS—The brick-and-mortar retail industry continues to evolve. So says Richard Rizika, partner and co-founder of Beta. In preparation for the upcoming ICSC Las Vegas conference, GlobeSt.com spoke with Rizika among other retail experts about that evolution as well as other key trends in the retail space and what they look forward to at the upcoming live conference in May.
"The evolution is driven by accelerating change in consumer demand," Rizika tells GlobeSt.com. "The physical store is growing in importance for e- and re-tailers omni-channel success formula. The consumer is king and wants what it want, when they want t and at the best price."
CREXi CEO and founder Mike DeGiorgio also is looking forward to watching the continued marriage between e-commerce and brick-and-mortar evolve. "Many retailers and centers are thriving while direct to consumer has hit some bumps in the road along the way," he explains. "It's become evident that the strategy probably isn't 'either / or' but 'both' and I'm curious to see what that relationship looks like over the next decade."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.