Amazon just opened an Amazon Go store in downtown Chicago, itsfirst in the metro area.
CHICAGO—Everyone knows the rise of online shopping delivered amajor hit to the world of brick-and mortar retail. But a new reportfrom Marcus & Millichap shows the sector maybe steadying after a long stretch of store closings andbankruptcies. Perhaps most notable aspect of today's market isthat, along with luxury-oriented retailers, class B and Cproperties are finally strengthening.
“Now that the economy has stabilized, discretionary income isup, and that bodes well for all retail,” AustinWeisenbeck, senior vice president of Marcus &Millichap, tells GlobeSt.com. “We are an economy driven by themiddle class, and the middle class shops in B class centers.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
