Navigating the Retail Shakeup
There’s no doubt about it—there has been a major shift in the retail landscape over the last year, with scores of retailers across the country closing their doors.
From Macy’s, JC Penny’s and Sears, to Bebe and Lululemon, nearly 4,800 store closings have been announced in 2017 alone, representing a 268% increase from a year ago, according to Fung Global Retail & Technology.
While news reports have cited Amazon.com, and other online players, as a big reason behind this shakeup the truth is more complicated. After all, e-commerce has been a big factor for some time. And, despite the tense political climate we’ve faced over the last year, consumer confidence has remained strong, while unemployment figures have dropped, and wages have grown. So, why are so many brick-and-mortar retailers going out of business?
In this 10-page report we look deeper into all of the contributing factors, and offer “New Retail” World Strategies that you can use to stay one step ahead.
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