LAS VEGAS—By far the biggest trend discussed at this year's ICSC Las Vegas was the return of brick-and-mortar sales as sales continue to climb steadily. That is certainly the case with Joshua Poag, president and CEO of Poag Shopping Centers.
GlobeSt.com caught up with Poag on the subject, and he said that the physical shopping center industry went through an incredible stress test at the beginning of the pandemic but since then, sales have climbed steadily for his company.
"In 2021, sales accelerated as vaccines came on board and stimulus injected money into the economy," he explained. "2022 has started strong, but the effects of inflation and rate increases remain to be seen."
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