Business

How Retailers Determine the MSAs to Remain In & the Minimum Number of Stores to Have In Regional Covered Malls

How Retailers Determine the MSAs to Remain In & the Minimum Number of Stores to Have In Regional Covered Malls

Retailers use mainly foot traffic data, location intelligence, and revenue prediction models to determine the areas they need to remain in and the number of stores they need to have in an area. Whether the approach varies across urban, suburban, and rural areas could not be located in the public domain unfortunately. Lifestyle centers and…