LOS ANGELES—This has been an interesting year for the retail market. From Amazon’s purchase of Whole Foods to the Toys “R” Us bankruptcy, there have been a lot of changes for brick-and-mortar retail—and they are giving a contrasting view of the future of the market. On one hand, Amazon’s acquisition of Whole Foods, and its subsequent partnership with Kohl’s, has proven that brick-and-mortar retail is here to stay; on the other hand, the Toys “R” Us bankruptcy is another sour note for the retail market, which has already seen its fair share of disruption.
Rick Chichester, president and CEO of Faris Lee Investments, joined GlobeSt.com for an exclusive video interview at ICSC Western Conference and Deal Making event here to talk about the disruption in the retail market this year. The good news: he thinks that the retail market is thriving, and he is bullish on the year ahead. Chichester also explains the balance sheet issues behind the Toys “R” Us bankruptcy and what other big box users can learn to avoid the same fate. Press play to hear more about where brick-and-mortar is heading.