Recently, John Brancaglione ("John B") gave a webinar on the Future of Retail and its implications for municipal revenue. The traditional retail model that cities have relied on as a significant revenue engine is imploding at a rapid rate. The number of bankruptcies, closures, and developments being returned to lenders is increasing. This presentation will discuss how this trend began, how retailers are evolving, how to analyze your existing retail business base, and what other cities have done to reuse faltering retail developments.
Opportunities for innovation in brick and mortar retail are increasing. As the experience economy grows, read how brick and mortar stores are rebounding in this article by Synchrony Bank.