Just a few weeks after RECon, the real estate industry’s largest trade show, would have taken place, the International Council of Shopping Centers laid off a significant portion of its workforce.
Strong online sales couldn’t make up for the loss of brick-and-revenue in Lululemon Athletica’s first quarter as its stores were closed for a good part of the quarter due to the pandemic.
Owners and operators of shopping malls and outdoor centers have never been known as early adopters of technology, but that most certainly is going to change in the post-pandemic era.
