Retailers are exploring new ways to join forces, and closed stores are creating new opportunities across the retail landscape. Plus, omnichannel approaches and nonfungible tokens (NFTs) were the big winners at auction houses in 2021.
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5M: Amount Target paid to open new store in former Kmart location in Lebanon, Pa.
100: Number of Forever 21 store-in-store locations JCPenney will open
7B: Amount Sotheby’s sold this year in luxury items
65M; 100M: Amount paid for nonfungible tokens (NFTs) on Sotheby’s and Christie’s auctions, respectively
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3M: Amount earned daily by iPhone game Roblox
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