Food retailers find value in smaller formats, urban customers

 In International
From sprawling suburban supercenters and warehouse clubs to shops and stalls on city streets, retail space has always been varied. But as urban lifestyles move further beyond the limits of traditional cities and prime real estate gets harder to find and more expensive to rent, many food retailers are turning to concepts meant for smaller spaces and more specific consumer groups.
Last year, six of the top 10 fastest-growing retail banners were small-box store formats such as CityTarget and Wal-Mart’s Neighborhood Market, according to a report from Planet Retail, and smaller-format stores remain one of the key trends in retail this year, commercial real estate lawyer Craig Swanson told GlobeSt. by Julia Russell – Read more…

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