This week’s updates led to a debate over which retail real estate format has a brighter future: strip malls or mall-malls.
In one corner…there’s Kohl’s, which plans to reopen 25% of its stores by next week. CEO Michelle Gass told CNBC that Kohl’s has a “strategic asset” for the new normal: Its stores aren’t located in traditional malls.
With curbside enthusiasm at an all-time high, shoppers prefer stores surrounded by clean, open air. Nowadays, that’s Kohl’s and its strip mall compatriots.
