Cross Functional meeting #4: Do we need less or different retail spaces?

IADS Meetings 1 September 2021 Cross Functional meeting #4


Many department store companies are closing stores. Even before Covid, it was clear that, with online becoming a greater share of total business, stores contributions were relatively shrinking. With sales per sqm falling, the role of the store is changing. However, real estate is often one of the most important assets of a department store company.  

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