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Article Date: May 2020
Word Count: 5343

Retail Floor Space Set To Contract Further In 2020


Square footage of major sporting goods retailers is projected to decline 1.5% in 2020 to about 158.4 million sq. ft. from 160.8 million sq. ft. last year, though the final tally is likely to be even lower than that, depending on the duration and depth of the economic hangover from the Covid-19 pandemic. Some retailers have explicitly revised their expansion plans already, or vowed to scale back CapEx to conserve cash, which amounts to the same thing. Others may opportunistically exit more locations than planned, as leases come up for renewal during the year. As we see it currently, the ... Log in to view full article.

 


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