The changing face of retail
Retail has been one of the more vulnerable asset classes during the pandemic crisis. Landlords and tenants are facing some unprecedented challenges and legalities, with the closures of many retail stores, restaurants and shopping centers. Essential retailers look to be at an advantage, while many other retailers quickly transitioned online to keep businesses afloat.
As consumer confidence dwindles and discretionary spending weakens, shopping centers may be faced with considering a different tenant offering or adjusting the way space is used. Perhaps non-traditional retail or non-retail tenants will fill vacant space, or repurposing spaces entirely as some retailers exit their centers and others adapt to changing consumer behaviors. All of these changes come with their own set of opportunities and challenges for investors, owners, operators and tenants.
With our deep experience in the retail sector – including valuations, tax and property development, we can help facilitate this transition into the future. Explore our experience and check out our latest research and insights. We can help.
Article | The Tipping Point: Did retail’s response to trends increase the risk we face today?
By: Patrick Broome, CMI, Vice President – Property Tax | Jeremy Chitlik, Senior Director – Property Tax | Andrea McKinnon, Director – Property Tax
Published: April 2020
How we got here and what transformations will we see.
For more than a decade, the retail industry has anticipated a “tipping point” that would create a permanent shift in the way it operates. The signs were unmistakable and experts knew it was inevitable, but no one knew what that trigger might be. Until now.
That trigger appears to be the novel coronavirus — a singular event so large and destructive that its impact will reverberate through every corner of the retail industry. In this article we explore how the retail industry’s trends over the last ten years create both advantages and disadvantages as we face COVID-19.
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Events & Webinars
On-demand | Unclaimed property: mergers and acquisitions
May 20, 2020
In this webinar, we'll cover the steps a holder should consider during and after the due diligence stage of an acquisition.
Valuing in turbulent times | Global panel discussion
April 13, 2020
Hear our valuation professionals from around the globe share their perspectives on valuing in turbulent times, and what they are seeing and hearing in the wake of COVID-19
On-demand | Unclaimed property: information gathering and record retention
March 11, 2020
The key to a successful review of your unclaimed property liability lies in the process of information gathering and record retention policies.
On-demand | Getting sales tax right in 2020
February 11, 2020
This webinar will cut through the uncertainty of sales tax and give a clear understanding of how nexus thresholds may be triggered.
On-demand webinar | Personal property tax inventory reporting
October 29, 2019
Watch this webinar to understand the many factors to consider when working with thousands of taxing jurisdictions in the U.S.
On-demand webinar | The shift in retail
October 9, 2019
A look at the evolution of retail trends in Canada and the impact on mixed-use redevelopment, investment valuation trends, property taxes, and more.
On-demand webinar | Personal property tax proactive compliance: it’s not just reporting and paying
October 30, 2018
Most companies pay more tax than they should. Learn how your assessments are derived and new tax savings strategies you can implement.
On-demand webinar | The best defense: Protecting yourself against personal property tax audits
August 7, 2018
During this webinar, we will discuss best practices for effectively handling a personal property audit to ensure compliance and minimize exposure.
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