Omni Channel Retail

Once hopeful retail owners offering rent deferrals are now awakening to conditional rent abatement for retail tenants as the pandemic wears on.

The 6.3 million square foot portfolio caters to e-commerce-oriented tenants.

Return bars are proving to not only be a way to handle reverse logistics of online orders, but they also increase in-person sales.

The option to order Walgreens products for delivery through DoorDash became available in Chicago, Atlanta and Denver July 16 and will expand to Cincinnati, Cleveland, Minneapolis, Oklahoma City, Phoenix, Sacramento and Seattle.

With almost 100% of its distribution network serving purely online fulfillment orders, Amazon is best positioned to serve surging e-commerce demand as it directs more control over the order fulfillment process.

Regarding the effect of the economic shift, Chase Jansen expects to see a shift to value for money where the economic downturn may lead to consumers demanding value of money across all retail sectors.

Retail reVision is a strategic initiative to assess and reposition retail properties, led by EVP Joel K. Mayer.

Retail e-commerce sales have grown steadily in the last few years, from $423.64 billion in 2018 to reach $709.78 billion this year.