Many Americans are still happy to shop till they drop, and more of them are returning to in-person, in-store shopping to buy what they want.
A new report by CBRE predicts that foot traffic in prime trade areas will match pre-pandemic levels in the third quarter of this year and surpass them in 2025. Many retailers said sales have already done so.
Citing Forrester data, CBRE noted that online retail sales grew by 21.9% in 2022 – while offline sales shot up by 78.1%.
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