{"id":1673340,"date":"2014-04-15T10:50:17","date_gmt":"2014-04-15T17:50:17","guid":{"rendered":"http:\/\/www.retailpro.com\/News\/blog\/index.php\/2014\/04\/15\/brick-and-mortar-space-still-in-demand-in-twin-cities\/"},"modified":"2014-04-15T10:50:17","modified_gmt":"2014-04-15T17:50:17","slug":"brick-and-mortar-space-still-in-demand-in-twin-cities","status":"publish","type":"post","link":"https:\/\/www.retailpro.com\/News\/blog\/index.php\/2014\/04\/15\/brick-and-mortar-space-still-in-demand-in-twin-cities\/","title":{"rendered":"Brick-and-mortar space still in demand in Twin Cities"},"content":{"rendered":"

Many have speculated that the rise of ecommerce would lead to the fall of brick-and-mortar, but as online shopping gains popularity, the landscape of in-store retail has adapted. In Minneapolis and St. Paul, Minn., for example, city officials have seen the number of vacant big-box retail stores drop by about 50 percent<\/a> in the past five years, according to Twin Cities Business.<\/p>\n

"There is still demand for space. It may not be the same uses that were once in place, but there's still demand for space," Tom Martin, a commercial real estate broker, told the source. "And there's very little new space coming online."<\/p>\n

A big part of the renewed interest is that retailers are finally recovering from the recession and able to resume business that was lagging during the economic dip of recent years.<\/p>\n

Brick-and-mortar stores will need to alter their business practices to keep up with the latest ecommerce software<\/a>. Business 2 Community suggested offering incentives, such as discounts or rewards<\/a>, for purchasing in-store rather than online. A loyalty program for frequent customers could enhance the point of sale<\/a> experience and keep shoppers coming back time and again.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many have speculated that the rise of ecommerce would lead to the fall of brick-and-mortar, but as online shopping gains popularity, the landscape of in-store retail has adapted. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":1673341,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-1673340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retail-customer-business-intelligence"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t