URL details: hoffmanstrategygroup.com/blog-1/2021/02/22-store-closures-why-that-can-be-and-needs-to-be-a-good-thing
URL title:
Store Closures: Why that can be (and needs to be) a good thing — Hoffman Strategy Group
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Retail real estate per capita in the United States is approximately 25
square feet. How does this compare to other countries? France, Germany, the
United Kingdom, and Japan are all less than 5 square feet per person.
Australia is 11 square feet per person and Canada is 16 square feet per
person. Some say the United States is over-retailed while others say we are
under-demolished. Regardless of how you choose to describe the situation,
there is no question that retail supply in the United States
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