Back
  • Albania Albania
  • Argentina Argentina
  • Australia Australia
  • Austria Austria
  • Belarus Belarus
  • Belgium Belgium
  • Brazil Brazil
  • Bulgaria Bulgaria
  • Canada Canada
  • Chile Chile
  • China China
  • Colombia Colombia
  • Costa Rica Costa Rica
  • Croatia Croatia
  • Czech Republic Czech Republic
  • Denmark Denmark
  • Egypt Egypt
  • Estonia Estonia
  • Finland Finland
  • France France
  • Georgia Georgia
  • Germany Germany
  • Greece Greece
  • Hong Kong Hong Kong
  • Hungary Hungary
  • India India
  • Indonesia Indonesia
  • Ireland Ireland
  • Israel Israel
  • Italy Italy
  • Japan Japan
  • Kazakhstan Kazakhstan
  • Korea Korea
  • Latvia Latvia
  • Lithuania Lithuania
  • Luxembourg Luxembourg
  • Mexico Mexico
  • Montenegro Montenegro
  • Morocco Morocco
  • Myanmar Myanmar
  • Netherlands Netherlands
  • New Zealand New Zealand
  • Norway Norway
  • Pakistan Pakistan
  • Panama Panama
  • Peru Peru
  • Philippines Philippines
  • Poland Poland
  • Portugal Portugal
  • Qatar Qatar
  • Romania Romania
  • Russia Russia
  • Saudi Arabia Saudi Arabia
  • Serbia Serbia
  • Singapore Singapore
  • Slovakia Slovakia
  • South Africa South Africa
  • Spain Spain
  • Sweden Sweden
  • Taiwan Taiwan
  • Thailand Thailand
  • Turkey Turkey
  • Ukraine Ukraine
  • United Arab Emirates United Arab Emirates
  • United Kingdom United Kingdom
  • United States United States
  • Vietnam Vietnam

Disruption 2020 - Retail Observations

Author: Aaron Jodka

By Aaron Jodka | September 2020

It is no secret that the retail industry has been thrown for a loop. E-commerce has picked up substantially in the time of COVID-19, and after a number of retailers closed at the early outset of the virus, online shopping became the only option to find goods in some cases. There are serious questions about the long-term changes coming to retail. Below are a few observations on the retail market nationally, as well as in and around Boston.

  • E-commerce sales increased 31.8% in the second quarter from the prior quarter, per the U.S.Disruption2020_Retail_Graphic-Image Department of Commerce, driving 16.1% of total sales.

  • Lord & Taylor is closing its remaining stores, including its Back Bay location at the Prudential Center.

  • As noted in a previous post, Simon Property Group is in negotiations with Amazon to take vacant or soon-to-be-vacant boxes from Sears and JCPenney.

  • Simon’s current stock yield is 7.45% as of August 31.

  • With most office workers remaining remote in the city of Boston, many lunch spots are closed, and it’s hard to find a place to eat.

  • Meanwhile, at Assembly Row in Somerville, it’s hard to find a place to park. A recent shopping trip for one of our employees turned into a 5–10-minute search for a parking spot.

  • Another employee spent 20 minutes searching for parking in the Seaport recently. Another echoed that same experience the week prior.

  • AMC opened many of its theaters on Thursday, and its CEO announced most sold out. The limited number of seats cost 15 cents each.

  • Tax-free weekend resulted in some heavy traffic (standstills) on Route 24 approaching IKEA and Jordan’s Furniture.

  • With college students back, Harvard Square was hopping again.

Subscribe to Colliers In Focus Blog Posts