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Are Retail Stores Thriving with AI and Tech Innovations?
Description
Retail stores are expanding as developers open new locations nationwide, driven by technology and AI investments. Colliers reports that retailers investing in technology achieve three times the profits of those who do not. Physical stores account for 85.1% of US retail sales, with 71% of retailers growing their footprints in 2026. E-commerce integration is significant, with one in four online orders fulfilled through physical stores. AI adoption is accelerating, with 40% of major US retailers implementing AI shopping assistants. Leading retailers increase IT spending by 52%, creating a performance gap. Landlords benefit from treating properties as technology-enabled platforms, impacting asset value and net operating income.
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