Bart Waldeck

New accounting standard requires many types of leases to be added to corporate balance sheets. Compliance with ASC 842, a new lease accounting standard from the Financial Accounting Standards Board (FASB), has preoccupied the accounting and finance departments of many companies since it was finalized in February 2016.

— By Bart Waldeck — Retailers will need to embrace creative innovations in order to thrive in 2023 and beyond. The retail landscape doesn’t look like it used to anymore — from buy online, pickup in store (BOPIS) and curbside delivery, to touchless shopping and scan-and-go checkouts, retail shopping trends have dramatically changed, both out of necessity due to the pandemic and evolving consumer preferences.

From pick-up only parking spaces and curbside delivery services to scan-and-go checkouts and touchless shopping, stores look different now than just a few years ago. Prior to the COVID-19 pandemic, retailers knew they needed their stores to become more than just a point of sale and started to make changes. Over the last two years, consumers sought increased convenience and safety when it came to shopping, and retailers rose to the occasion.