Walmart's plan to open 150 new large format locations in the next five years demonstrates the enduring popularity of physical stores. The record low vacancy rate in retail spaces can be attributed to the slowdown in the construction of new strip malls, allowing existing retailers to utilize the available space. Compared to 2019 and the period between 2008 and 2014, there was a significant decrease in the construction of new retail space in 2020. This indicates the healthy state of physical retail. Despite store closings and bankruptcies during the e-commerce revolution, physical retail has rebounded and stands strong.
Episode 248: Neal and Toby recap yesterday's Congressional testimony where Big Tech CEOs from companies like Snap, Meta and 'X' were asked about child safety on their platforms. Plus, the latest from the Fed meeting and why Universal Music group may be out on TikTok. Neal shares his favorite numbers and there have been some pricey moves in the world of sports the last few days, from baseball team purchases to golf mergers. And finally, Elmo wants to know are you ok?
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