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New Avenues Open for Brick-and-Mortar Retail 

With Class B and C malls drying up and large chains going out of business as a prelude, the past few years have posed a fair share of obstacles for brick-and-mortar retail, from the lockdowns of 2020 to 2021’s COVID waves to the high gas prices and inflation of 2022. Yet with each new challenge, consumer demand for in-person retail and retail services has remained strong, with key categories repeatedly rebounding, says   

“In fact, many leading retailers, dining chains, and fitness brands did more than just bounce back,” the analytics firm says in a new white paper, titled Retail Trends Forecast 2023. “Many companies uncovered opportunities to establish new channels, grow into new markets, and cater to new audience segments – and these initiatives are already opening new avenues for brick-and-mortar success in 2023.” 

Simultaneously, though, some of the larger challenges are likely to continue, which will also impact the wider retail space as the new year progresses. These are part of the conversation as’s white paper discusses  some of the key trends likely to shape the retail landscape in 2023.  

The firm looked at foot traffic data for leading brands and segments, dove into migration flows and analyzed office recovery patterns to predict what the coming year may have in store. Some of the findings focus on specific categories, while others apply across the entire retail spectrum. 


Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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