E-commerce Isn't Ousting Brick-And-Mortar
MG Herring CEO Gar Herring (left, with Shreve Land Construction’s Robert Hodges at Bisnow’s Dallas State of the Market event Wednesday) says he’s relieved the prediction of the demise of brick-and-mortar stores didn't come to fruition as e-commerce blossoms. Also, while the Dallas-Fort Worth retail market is one of the hottest in the country—new development is finally returning (after being in a cocoon since ’08)—don’t expect overexpansion.
Omnichannel is a bad word for Retail Solutions founder David Simmonds. He has clients pouring their resources into their e-commerce business while putting their brick-and-mortar sites in a holding pattern. One client has put him on hold for two years (in broker years, that's like a decade). David says retail is moving at a torrid pace except for the quiet mom-and-pop retailers.