As we emerge from the pandemics, many retailers are eager to grow. (How's that for an understatement?!)
- For some, that simply means having a better year than 2019 (because 2020 was such a disaster), and they relish having survived.
- Others are looking to expand by adding locations, whether by acquisition of existing stores, or taking advantage of vacated retail sites.
- Still others are focused on expanding their newly-established e-commerce capabilities.
- And, for some, still other imaginative ways.
Trade shows are opening up with great success and eager buyers. Landlords are eager to fill vacancies, and in many instances, to cut deals. Vendors are eager to quit thinking about supply chain problems and start selling their merchandise, especially at trade shows. Plus, the continued growth and expansion of online wholesale marketplaces makes far more product available to retailers.
Then there is the access to capital. Lots of money is floating around out there
All in all, it creates an environment of exuberance. "Seize the opportunity" is the rallying cry. Indeed, for some retailers, FOMO – that Fear Of Missing Out – is pushing them to make some major decisions.