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Re-Engineering of the Retail Sector Key to Long-Term Success

In the long-term, all retail landlords will need to switch from being passive rent collectors to retail partners.

The re-engineering of the retail sector is underway. To remain competitive, stores and their real estate landlords are required to adapt. Without doing so, these businesses risk losing relevance and will likely shut down in the long-term.

Retail sales plummeted in April, which was the first month all nonessential retailers closed down because of the coronavirus. Despite this, and far before the coronavirus pandemic and stay-at-home orders, the process of re-engineering malls and their tenants had already been underway.

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Michael A. Mora

Michael A. Mora

Michael was born and raised in South Florida. He went to undergrad at Florida Atlantic University and earned his master's degree from the Columbia University Graduate School of Journalism. He is a litigation reporter for the Daily Business Review, as well as an editor for ALM Global. You can email him at [email protected].

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