A physical store, often referred to as a brick-and-mortar store, is a retail environment that requires physical space to display and sell products. Physical stores can be free-standing structures, tenants in a mall or shopping center or linked to venues such as museums, public attractions or residences.

Physical Stores means physical commercial establishments, such as retail stores, by which sales are carried out within actual premises of a real estate property owned or leased by the relevant business, it being specified that e-Commerce-related sales should not be considered as Physical Stores solely by virtue of a physical pick-up ...