The retail sector could be experiencing a momentum swing back to brick-and-mortar stores after more than a decade of focusing on e-commerce fulfillment.
Many large retailers are recalibrating and focusing on making the physical store the hub of the overall omnichannel experience, said Agree Realty CEO Joey Agree during a CNBC interview. For the first time since 2008, some retailers are looking to expand, he said.
Agree Realty owns retail properties across all 50 states with a strategy built around recession-resistant brands like Walmart, TJ Maxx and Auto Zone. Such retailers provide core, durable brick-and-mortar services that consumers need regardless of the macroeconomic environment, said Agree.
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