The future of bricks-and-mortar retail

Retail Gets Real 262: Store openings are outpacing store closures
Director, Social Media & Digital Communications
Retail Gets Real is sponsored by

Store openings are outpacing store closures, says Anjee Solanki, U.S. national director of retail for Colliers, a firm that manages a portfolio of over 2 billion square feet of retail establishments in the United States.

More on experiential retailing

Learn more from Solanki about creating memorable retail experiences by activating the senses.

Solanki joins the latest episode of Retail Gets Real to discuss how consumer-facing technology and experiential retail are defining how retailers are testing store functionality and using retail space strategically to enhance experiences.

“Not only are new store openings outpacing store closures, we're seeing new formats — formats that are highly digitized, smaller in footprint,” Solanki says. “We're starting to see rent collections bounce back … . I’m still extremely bullish when it comes to retail, and I'm excited to say that as an organization here at Colliers, we're also quite bullish.”

Solanki says non-traditional retail such as wellness centers or new pet store concepts are changing the traditional retail space and inviting customers in, while experiential retailing concepts are maturing. Retail that sparks the five senses — touch, hearing, sight, taste and smell — creates a memorable moment and connection that Solanki describes as the sixth sense of a retail experience.

Tune into this episode to learn more about the retail landscape, the future of the store and what trends are here to stay.

Related content

How Solo Brands builds passionate fans one product at a time
 
Snoop Dogg
Retail Gets Real episode 356: Chief Growth Officer Michael McGoohan on disrupting the outdoor leisure retail market.
Read more
Hot topics and highlights from NRF’s Big Show Asia Pacific 2024
 
Martine Reardon speaks at Big Show APAC 2024.
Retail Gets Real episode 355: NRF’s Martine Reardon on the inaugural event and what’s ahead for next year.
Read more
Laying the foundation for modern resale with ThredUp
 
A woman shopping.
Retail Gets Real episode 354: ThredUp co-founder and CEO James Reinhart on the outlook for the secondhand industry.
Read more