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Box Retailers Imitate Indie Retailers with Small Format Stores

May 6, 2019

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Ever since the retail-apocalypse media frenzy took hold a few years ago and chain stores across the country started shuttering underperforming locations, many box stores have announced a switch to smaller format stores. Walmart and Target were among the first to announce this new strategy, with others like Sears shortly following suit.

It is true, according to Forbes, that the United States is over-stored. Retail square feet per capita in the U.S. is more than six times that of Europe or Japan. The rise of ecommerce shopping only makes this oversaturation even more apparent. For many retailers, decreasing square footage isn’t a sign of poor sales but a necessary strategy.

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