The so-called ‘retail apocalypse’ is a myth. But retail industry bifurcation is not — and those in the middle are in a tough spot.
That’s according to a new study from Deloitte, which found that,
rather than a battle of online against brick-and mortar, retail is
changing in line with consumer income bifurcation. The revenues of both
higher-end and price-conscious retailers are soaring, growing 81% and
37%, respectively, while those in the middle realized a mere 2% increase
in sales during the past five years.. . . more