American retailers are showing a voracious appetite for global real estate expansion as they build their footprint overseas.
The rapid expansion has a hit a new high with American retailers opening more stores abroad than retailers from any other country, findings from a new CBRE report say.
“I think it’s an indication that U.S. retailers are seeking growth, and one of the main drivers of growth is to expand into a channel that they’re not in today,” said Anthony Buono, chairman of CBRE’s global retail executive committee.