Retail Sector Remains Vital

Often, the news about the retail industry paints a pessimistic picture. Headlines such as “5 Coming Crises in the Retail Market” and “Decline of Retail” are hard to ignore.

But if you dig a little deeper, there are more positive trends to be found. Indeed, while certain segments of the retail market are seeing declines, the overall story is more one of evolution. Here are three trends we're keeping our eye on:

1. Online retailers opening brick-and-mortar locations (such as Amazon and Athleta)
2. Shift to "experiential retail" leading to rising renovation and new construction of retail spaces
3. Traditional big-box retailers experimenting with small-format stores

And because at the end of the day, it’s all about getting consumers into your parking lot, Kansas Asphalt remains committed to growing our business in the retail sector.