ICSC New York Deal Making, JavitsCenter/ Photo courtesy of ICSC
NEW YORK CITY— Nick Egelanian, the founder and president of the retail real estate consulting firm SiteWorks, said every time he turns on the TV, cable or network news, or reads any trade, business or general newspaper, everyone blames e-commerce for the decline in retail. But he says it's misinformation.
Total retail sales are approximately $5 trillion in the US. Egelanian noted internet retail accounted for 9.7% of sales in the second quarter of 2018. By 2022, this figure is projected to be 15%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
