retail clustering

Retail clustering refers to the geographic concentration of retail stores within a specific area. This happens because retailers recognize that being close together can attract more customers, increase foot traffic, and boost sales for all nearby businesses. For example, shopping malls or downtown districts often have multiple stores clustered in one place. Clustering benefits both retailers and shoppers by creating a convenient shopping destination with diverse options. It also encourages collaboration among businesses and can stimulate local economic growth. Essentially, retail clustering is the strategic grouping of stores to maximize visibility, accessibility, and customer footfall.