The latest is Levi’s, who plans to open hundreds of stores by the time 2019 comes to a close.
Let’s explore what this means to retail as a whole.
Why Turn to Physical Retail?
If you’re listening to CRE retail news, you know that the value of brick and mortar stores is a hot debate. So why in the world would Levi’s choose this as their next big move?
It’s all apart of the popular clothing brand’s strategy to reconfigure the way they’re doing business. Recently, their wholesale profits are on the decline as the department store concept is struggling to keep above water.
However, the company is thriving in other areas. Direct-to-consumer performance is up 7% as Levi’s remains a popular household brand for US patrons. Levi’s rep…