Trend
Reduction of Brick-and-Mortar Stores
None
About This Trend
The growth of e-commerce has led to a decrease in physical retail spaces, particularly impacting large commercial formats like shopping malls and department stores, and big-predicts that around50,000 retail storesin the U.S. may shut down by the end of 2027 due to the rising dominance of e-commerce, increased borrowing costs, and consumer spending cutbacks due to inflation.
Trend Updates
Feb. 26, 2024 — Seismic shift in everyday usage
- More people than ever are using this technology and it is now more evident that it will be part of the ongoing landscape...
Feb. 26, 2023 — Federal Regulations spike Demand
- Because of continued interest in this technology and a favorable environment for growth...
Feb. 26, 2021 — Pandemic recalibrates supply
- People are unable to create and devote time to innovating this critical technology now
Trend Category:
Economic Development
Timeframe: Act Now
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APA's foresight research is made possible in part through our partnership with the Lincoln Institute of Land Policy.