As highlighted in Colliers’ Summer 2019 Retail Spotlight Report, wellness is the latest category of interest in retail and is set to become the next mini anchor to backfill vacancies and reinvent the merchandising program. With an eye on recent consumer trends, landlords are favoring health and wellness businesses to deliver real-life experiences that customers cannot replicate online. The development of wellness-focused smart cities, where mental balance plays an important role in managing morale and stress levels, has elevated awareness around what we eat and where we live.
The report also highlights our interview with Peter Horvath, CEO of Green Growth Brands — a nascent retailer in the CBD space. He discusses their aggressive strategy to open 100 branded shops by the end of Summer 2019, and the reasoning behind their confidence that their network of mall-based CBD shops is the strongest vertical distribution network of CBD in the industry.
For more insights, check out the Summer 2019 U.S. Retail Spotlight Report.