Monday, April 16, 2018

Why We Should Be Optimistic About Retail

New York Times

Considering the likely liquidation of Toys “R” Us, the bankruptcy filings of Claire’s Stores and Nine West, you’d be forgiven for thinking that retail is dying. One major news outlet even forecast “The Death of Clothing.”

As consultants who have lived and breathed retail for more than 25 years, we’re pained by such headlines, but we remain believers in the industry. Traditional retailers have already made meaningful progress addressing one of their three biggest problems — too many stores — and have begun to address the other two: the high level of debt on their balance sheets and the rise of digital retailing. We’re also optimistic about the industry’s prospects because of its long history of successful reinvention.. . . more