As U.S. chain retailers absorb the lessons of the Great Recession, many big-box chains have started to shrink average store footprints to reflect the growing importance of multi-channel shopping, adapt to urban settings, and recognize the need to optimize portfolios.
Wal-Mart, Target, Best Buy, and the Gap, among others, all have small concepts in the works or are adapting existing ones. These smaller store formats should allow the retailers to maximize profitability and open more stores in closer proximity to each other.
Source: Retail Traffic
Related Stories
| Aug 22, 2013
Energy-efficient glazing technology [AIA Course]
This course discuses the latest technological advances in glazing, which make possible ever more efficient enclosures with ever greater glazed area.
| Aug 14, 2013
Green Building Report [2013 Giants 300 Report]
Building Design+Construction's rankings of the nation's largest green design and construction firms.
| Aug 5, 2013
Top Retail Architecture Firms [2013 Giants 300 Report]
Callison, Stantec, Gensler top Building Design+Construction's 2013 ranking of the largest retail architecture and architecture/engineering firms in the United States.
| Aug 5, 2013
Top Retail Engineering Firms [2013 Giants 300 Report]
Jacobs, AECOM, Henderson Engineers top Building Design+Construction's 2013 ranking of the largest retail engineering and engineering/architecture firms in the United States.
| Aug 5, 2013
Retail market shows signs of life [2013 Giants 300 Report]
Retail rentals and occupancy are finally on the rise after a long stretch in the doldrums.
| Aug 5, 2013
Top Retail Construction Firms [2013 Giants 300 Report]
Shawmut, Whiting-Turner, PCL top Building Design+Construction's 2013 ranking of the largest retail contractor and construction management firms in the United States.
| Jul 31, 2013
Hotel, retail sectors bright spots of sluggish nonresidential construction market
A disappointing recovery of the U.S. economy is limiting need for new nonresidential building activity, said AIA Chief Economist, Kermit Baker in the AIA's semi-annual Consensus Construction Forecast, released today. As a result, AIA reduced its projections for 2013 spending to 2.3%.
| Jul 19, 2013
Renovation, adaptive reuse stay strong, providing fertile ground for growth [2013 Giants 300 Report]
Increasingly, owners recognize that existing buildings represent a considerable resource in embodied energy, which can often be leveraged for lower front-end costs and a faster turnaround than new construction.
| Jul 18, 2013
Koolhaas plan selected for Miami Beach Convention Center redevelopment [slideshow]
The master plan by OMA's Rem Koolhaas and Shohei Shigematsu beat out a submission by Danish studio Bjarke Ingels Group for the massive redo of the Miami Beach Convention Center.
| Jul 17, 2013
CBRE recognizes nation's best green research projects
A rating system for comparative tenant energy use and a detailed evaluation of Energy Star energy management strategies are among the green research projects to be honored by commercial real estate giant CBRE Group.