The Future of Physical Retail

The Future of Physical Retail

Luxury apparel maker Slowear is planning to open about 25 new stores globally in the next two years. In 2020, more than 11,000 stores closed in the US, an all-time record that could be broken again in the coming year. Loro Piana and Alexander McQueen recently opened new stores in New York's Meatpacking District and Miami. L.A. mall South Beach recently opened a new store in Southern California's South Pointe shopping mall. The store expansion is part of the company's broader direct-to-consumer strategy, designed to build a relationship with customers.

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