In this episode, Matt Mueller and Nicole Larson discuss the latest trends in retail, focusing on the insights from the 'Real Retail Reality' report. They explore how store closures can indicate a healthy future for retail, the transformation of physical stores, the rise of international brands in the U.S. market, and the evolving consumer behavior that emphasizes experiences over transactions. The conversation highlights the importance of omnichannel strategies, the impact of social media on retail expansion, and innovative concepts that are reshaping the retail landscape.
Takeaways
- Store closures can signal a healthy future for retail.
- The retail industry is undergoing a transformation, not a decline.
- E-commerce and brick-and-mortar are now collaborators, not competitors.
- Vacancy rates in retail spaces are historically low, indicating strong demand.
- International brands are increasingly interested in the U.S. retail market.
- Retailers are repurposing spaces for health, wellness, and entertainment.
- Consumers are becoming more selective with their spending.
- Omnichannel strategies are essential for retail success today.
- Pop-up stores are being used for marketing rather than just sales.
- Social media influences consumer behavior and retail expansion.
Chapters
00:00 Introduction to Retail Reality
02:55 Understanding Store Closures and Market Dynamics
05:49 International Brands and U.S. Retail Expansion
08:53 Repurposing Retail Spaces for New Concepts
11:46 The Evolution of Physical Retail Spaces
14:30 Consumer Behavior and Online Shopping Trends
18:12 Future Trends in Retail and Consumer Engagement
21:10 Innovative Retail Concepts and Success Stories
23:54 Advice for Retailers Looking to Expand
More about Nicole & Colliers
- Nicole's LinkedIn: https://www.linkedin.com/in/retailinrealtime/
- Colliers LinkedIn: https://www.linkedin.com/company/colliers/
- Colliers Website: https://www.colliers.com/
- Colliers Report: https://www.colliers.com/en/research/nrep-usret-retail-report-spring-2025
Thanks for checking out this episode of innovate ON purpose.
Learn more about Matt Mueller here:
1. Website: https://themindfulinnovator.com
2. LinkedIn: https://www.linkedin.com/in/mattmuellerinnovation/
3. Facebook: https://www.facebook.com/Matthew.F.Mueller/
4. Instagram: https://www.instagram.com/mattmuellerinnovation/
5: Twitter: https://twitter.com/MattMuellerInv8
6. TikTok: https://www.tiktok.com/@mattmuellerinnovation
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