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NEWSROOM AND EVENTS

Six Takeaways from RECon 2018, Day One

Joseph Cosenza, vice chairman at The Inland Real Estate Group, LLC, says retailer rightsizing can be a positive development. Cosenza points to Kohl’s move to reduce space and partner with grocer Aldi, which has proved a success, as well as the fact that some retailers, like cosmetics seller Ulta and Amazon-owned grocery chain Whole Foods, are expanding. Retailers have to focus on modernizing their physical spaces and having a product that can’t be bought with the click of a mouse through Amazon, Cosenza notes. His one piece of advice to those navigating these changes? “Don’t panic, get smart.”

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