1、Image:Hotel Chocolat,Southport Avenue Chicago,ILSpring 2025 Retail ReportThe Real Retail Reality:Stores Thrive Amid Uncertainty Featuring Hotel Chocolat,an Interview with Angus Thirlwell,CEO and Co-FounderContentsIntroduction:Anjee SolankiThe Enduring Role of StoresA New Chapter in Retail ExpansionH

2、ow Tariffs Are Reshaping RetailConclusion:Nicole LarsonImage:Hotel Chocolat,Southport Avenue Chicago,ILRetail Report|Spring 20252Introduction Resilience and retail go hand-in-hand as the U.S.sector adapts to the demands of a fast-changing consumer and economic environment.While store closures and ma

3、croeconomic uncertainty have made headlines,the data tells a more balanced story.Physical retail remains central to the shopping experience,supported by steady sales,growing omnichannel integration,and a surge of international and domestic expansion.This report explores how store-based retail contin

4、ues to thrive,how retailers adapt their physical footprints,and how external forces like tariffs and inflation will reshape business strategy and consumer behavior throughout 2025.Anjee SolankiNational Director,Retail Services&Practice Groups|U.S.3Colliers U.S.ResearchGrowth rates for sales through

5、physical storesYear-over-year percentages,US onlyThe Enduring Role of StoresRetail Isnt ShrinkingIts ShiftingSince 2010,the value of in-store sales has declined only once during the disruption of the 2020 pandemic.While e-commerce has often grown faster,physical retail sales have remained remarkably

6、 steady.And yet,the retail landscape continues to change.Elevated construction costs are now above pre-pandemic levels and curbing new retail developments.With new retail supply projected to drop by 45%in 2025,the focus is shifting to optimizing existing spaces.As a result,vacancy rates remain tight