“E-commerce is growing 12-13 percent per year, physical stores 2-3 percent per year, meaning there are less available dollars for physical retailers. That’s why we have store closures,” says Neil Stern, senior partner at retail consulting firm McMillan Doolittle.
In addition, while consumer confidence started to increase in the past few years,
consumers’ willingness and ability to spend on discretionary purchases
may not have had enough time to offset all the damage done by the Great
Here, we look at some retail chains that continue to struggle and may or may not survive long-term.. . . more