In the “new normal”, retailers and businesses need to change within to adapt to new consumer habits. Retail sales of consumer goods and services are expected to grow handily over the closing months of the year, contributing to annual growth of 3 to 4 per cent.
Total retail sales of consumer goods and services in the first nine months of 2021 was down by 7.1 per cent year-on-year. Solutions are needed to stimulate demand to promote economic growth.
The retail real estate market has come across many difficulties in recent times but research companies are positive that this market will recover and grow, thus attracting both domestic and foreign investors.