This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
Welcome to Reed Smith's viewpoints — timely commentary from our lawyers on topics relevant to your business and wider industry. Browse to see the latest news and subscribe to receive updates on topics that matter to you, directly to your mailbox.
| less than a minute read

The snowball coming down the mountain

The demise of brick-and-mortar retail has been predicted for more than a decade. The long and gradual trend that was precipitated by e-commerce has been turbo-charged by COVID-19. But the consequences of that acceleration will go far beyond retail.  

Just as consumers are shifting to online shopping,  businesses are re-evaluating the workplace.  That will undoubtedly lead them to reduce the overhead associated with their physical space.  

Add these trends to the havoc in the hospitality industry and the likely desire of workers to live in less congested communities.  The real and most devastating consequences may be on real estate values.

Coronavirus Finishes the Retail Reckoning That Amazon Started Thousands of stores will close permanently as the Covid-19 pandemic turbocharges a shift to e-commerce


real estate, retail, restructuring and insolvency