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How Retail Turned Lemons into Lemonade

IRVINE, CA—Focusing on experiential retail, in addition to embracing technology, has helped the sector change e-commerce’s effects from negative into positive for their bottom lines, Ten-X’s Peter Muoio tells GlobeSt.com EXCLUSIVELY.

Peter Muoio Muoio: “I really think the key is acknowledging changes in the way the world is today and not try to force things back to what you are used to.”

IRVINE, CA—Focusing on experiential retail, in addition to embracing technology, has helped the sector change e-commerce’s effects from negative into positive for their bottom lines, Ten-X’s chief economist Peter Muoio tells GlobeSt.com. As we recently reported, the firm’s most recent Retail Nowcast revealed a 0.6% gain in May, marking the second strongest month-over-month increase among the property segments. We spoke exclusively with Muoio about how this sector turned would could have been a disastrous effect from e-commerce into a positive and what other CRE sectors can learn from this.

GlobeSt.com: What strategies did the retail sector employ to turn e-commerce from a potentially negative influence into a win-win for the sector?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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